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£1tn wiped off public sector since 2008 leaves UK public finances among weakest in world

An IMF report has concluded that the UK’s public finances are some of the worst on the planet. Since the banking crash of 2008 nearly £1tn has been slashed from the public sector, which is 50% of GDP. Bailing out the banking sector and public sector pension liabilities hugely contributed to the poor state of the UK’s public finances. Of 31 countries only Portugal was in a weaker position. The Gambia, Uganda and Kenya rank above the UK. Norway ranked...

Universal Credit could lead to Poll Tax scale riots, says Gordon Brown

Gordon Brown has warned that Universal Credit could lead to civil unrest, akin to the Poll tax riots. The Labour grandee will predict “a return to poll tax-style chaos in a summer of discontent.” The Thatcher administration introduced the poll tax in 1990 and it caused major rioting and it was one of the main reasons that her leadership came to an end. He will say at a speech in Edinburgh: “Surely the greatest burning injustice of all is children...

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