It was great to see in the budget speech this week that the Government is taking swift and stern action to resolve the financial crisis. In summary they announced:
- A 1 billion cut in the public sector pay bill. Public servants will face pay cuts, ranging from 5% on those earning 30,000 to 15% on those earning more than 200,000.
- 760 million cut from social welfare
- 980 million saved from day-to-day spending programmes
- 960 million cut from investment projects.
There’s no way you can call that sitting on your hands with your head in the sand. So well done to my local Government, that of course is the one in Dublin (110 miles from me today). For that is a summary of what they’ve announced to fix the Irish Economy.
The Government in London (179 miles away) focused on delaying implementing anything really important now, so that they could try to buy votes in the next election.
And today we hear that the Chancellor wanted to cut deeper, but Brown over-ruled him. There can be no doubt that the Unelected One will leave a brown legacy.