Thursday 15 October 2009

How bad will spending cuts get? Take a look at Latvia

Telegraph
"Allow me to paint you a picture of a country mired in chaos. The unions are in open revolt. Public sector workers have just stomached their biggest pay cuts in living memory; many face losing their homes. In a desperate attempt to bring the budget deficit back under control, ministers are considering slashing child benefit by a fifth – the biggest attack on the welfare state since it was set up in the first half of the 20th century. The government's popularity is at historical lows.This is the state of affairs in one of our closest cultural and geographical neighbours. We should be watching closely, because what is happening in Ireland today is almost exactly what will happen in Britain tomorrow."

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