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Loss of jobs - there isn't a trend, other than that of a flat lining economy. Some months up, some months down.
http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/may-2013/sty-employment.html
Loss of homes - repossessions have fallen since last year. Monetary expansion ( inflation ) has kept interest rates very low. In any economic downturn there are casualties. However, the fact that we are seeing less casualties should tell you that 'austerity' must be working ( even though I strongly suggest there is no Austerity and figures back that up ).
http://www.cml.org.uk/cml/media/press/3516
Drop in wages - in real wages yes. That is the result of price rises related to monetary expansion. The more money pumped in the greater the cost of importing. Again, this is unrelated to Austerity and most people would consider this is the result of QE and Government borrowing. We should also remember the warmist supported green energy tax which hits the poorest hardest for both energy and fuel costs.
http://www.guardian.co.uk/business/2013/jan/23/unemployment-rate-fell
Cuts in benefits only really started in April. While they are trumpeted as some massive change, in reality they are almost insignificant and we will have to wait to see what the effects are. Meanwhile they are balanced by taking many low paid out of tax altogether. You are no doubt aware that Labour have openly said they will not reverse any of these changes ?
Food distribution centres show how charity is just as effective as state handouts. There seems to be a real problem dividing government granted benefits which are in themselves a charity, from everyday charities. Why is it any more of a problem to go to a food bank than it is to pick up a Giro and spend it in Aldi ? Charity isn't supposed to be a way of earning a living. Again, price of food, fuel and energy has risen as a result of spending and green taxes and is nothing to do with so called Austerity measures.
Shops closing - not a result of Austerity. Its the result of market conditions, partly due to the Internet and partly due to bad investment created by the boom times of cheap credit. The only connection with the Government is with the previous one who encouraged cheap money by allowing banks to pyramid billions of pounds worth of loans onto very low real deposits.
If you mean by Austerity, that people are seeing a fall in living standards then I would agree, but it has to be seen in the light of the previous unsustainable credit bubble and a subsequent global down turn. The final piece of the puzzle is QE and increased public spending. An economic policy designed to stabilise the collapse but not to allow it to run its course. We either have a slow unwinding in which people gradually see their wages eaten away, or a faster one in which the unwinding is shorter but far more painful. As we might baulk at very harsh measures and sack the Government, it appears that the former is considered a better option. |
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