More than a million better-off families will lose some or all of their child benefit, under changes which came into force at midnight.
The government hopes to save £1.5bn a year to help reduce the deficit.
David Cameron described the move as "fundamentally fair" but Labour said it was a "huge assault" on families.
None bias political views for a new generation. Personal political opinions and commentary on topical British political news. My thorts are i-thorts... My politics are i-politics...
Showing posts with label BBC News. Show all posts
Showing posts with label BBC News. Show all posts
Monday, 7 January 2013
i-thorts' i-Politics: Child benefit changes take effect
Friday, 14 December 2012
i-thorts' i-Views:- Clegg calls for drugs law review
Deputy Prime Minister Nick Clegg has backed calls for a royal commission to consider decriminalising illegal drugs, despite opposition from David Cameron.
The PM has rejected the Home Affairs Select Committee's report highlighting Portugal's approach, where people found with drugs are not always prosecuted.
Friday, 30 November 2012
Rotherham By-Election: Labour Secures Victory
Labour wins three by-elections on a night that saw a surge in support for UKIP and dismal results for the Tories and Lib Dems.
The Conservatives finished fifth behind not only UKIP but also the British National Party and Respect, while Tory candidate Simon Wilson only held onto his deposit by a whisker.
Labour candidate Sarah Champion has won the Rotherham by-election with a majority of more than 5,000 votes over second-place UKIP.r
Saturday, 17 November 2012
MPs: Sale of RBS or Lloyds 'not for years'
In a report into the sale of Northern Rock, the Public Accounts Committee said the sale of the bank in 2011 was "fortunate", and Lloyds and RBS may not be sold "for many years"... taxpayers were set to lose £2bn on Northern Rock's rescue.
Friday, 2 November 2012
Welfare Cuts? - Not In Our Back Yard!
BBC reported (Child benefit 'nimbys' accused) that Middle-classes are fuming at the thought of losing some (or all) child-benefit one parent is earning from £50,000 to £60,000 and over. (Families of three children could loose £4,000.)
This comes after poorer couples (working under 24 hour a week between them) lost up to £100 week (£5,200 a year) in working tax from this April ... and no one battered an eye or even seemed to report it. These are families on minimum wage, earning under £6,000.
Thursday, 6 September 2012
A Further Drop in High Street Sales
British Supermarkets Suffers
Drop in Consumer Sales
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| Consumer Spending (Photo credit: 401(K) 2012) |
"Supermarket chain Morrisons has reported a dip in sales and profits, blaming the continued pressures on consumer spending... Chief executive Dalton Philips said the figures reflected 'sustained pressure on consumer spending'." - Morrisons sales and profits fall BBC News.
Morrisons, being the 4th largest supermarket, isn't the only casualty recently hit by the UK Recession.
"Co-operative Group profits fall by a third"Last updated Thu 23 Aug 2012 -ITV NEWS - Tweet 8:07am, Thu 23 Aug 2012
The report by (ITV News a couple of weeks ago) that the Co-operative Group profits fell by one third - due to food sales suffering aggressive competition from other supermarkets - while the banking arm was also struck by the double-dip.
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