Wednesday, 26 June 2013

Spending Review: What A Load Of Cuts!

Top 10 Richest Cabinet Ministers

Lord Strathclyde £9.6million. Inherited Wealth, stake in family's estate management company, Auchendrane Estates. Also private directorships.

Philip Hammond £8.2million. Stake in healthcare and nursing home developer Castlemead; consultancy work

William Hague £4.8million. Income from public speaking, two books, a newspaper column and various business advisory roles

Jeremy Hunt £4.8million. Stake in Hotcourses, a publisher of guides and websites for educational courses, which he co-founded

Caroline Spelman £4.5million. Wealth figures primarily reflect the value of properties owned by Spelman and husband, a Senior Partner at Accenture

George Osborne £4.5million. Property (inherited); stake in family-owned fabric and wallpaper designer Osborne & Little (inherited)

David Cameron £3.8million. Property, most likely funded from parents/inheritance

Francis Maude £3.2million. Work as managing director at morgan stanley and various directorships

Dominic Grieve £2.9million. Private investment, funded by salaries as barrister and QC

Andrew Mitchell £2.2million. Former investment banker, owns a number of homes, contributing to most of his wealth.

2012 figures, taken from the well-known leftist publication the Daily Telegraph.

In a bid to grab headlines and push Labour into a corner ahead of the 2015 election, Osborne announced an unexpected package of welfare reforms and confirmed he was ending automatic pay rises for employees in the public sector.
The chancellor said he was extending the current three-day wait before the jobless can claim benefits to seven days. He also said he would require jobseekers to attend jobcentres every week, rather than fortnightly, and order lone parents with children aged three and four to prepare for work. People will also be required to attend English language classes as a condition of claiming benefit – with the Treasury indicating the measure could affect 100,000 people. "If you are not prepared to learn English, your benefits will be cut," he said.
The total package will save £425m, Osborne said, sidestepping the Liberal Democrat insistence that welfare benefits are cut no further.

The Guardian.

Current weekly rate of Jobseeker's Allowance for Under-25s - £56.80.

Update: 'The government is undermining its good work on equal marriage by axing vital workplace protections for gay, lesbian, bi-sexual and transsexual people'  Frances O'Grady, TUC general secretary.

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