UK’s double-dip recession | Money Supply | News, data and opinions on market-moving economics from the Financial Times – FT.com

Danny Alexander MP addressing a Liberal Democr...

Danny Alexander MP addressing a Liberal Democrat conference in the Bournemouth International Centre (Photo credit: Wikipedia)

This is an excellent article from the FT. Check it out!

UK’s double-dip recession | Money Supply | News, data and opinions on market-moving economics from the Financial Times – FT.com.

Personally, I am not convinced that the statistics are sufficiently accurate to measure a small change from one-quarter to the next.

However, the news does not give me greater confidence in Danny Alexander nor George Osborne. The other day Danny Alexander was arguing for more austerity to compensate.

In my view, it’s about time Danny Alexander was fired. Do you agree?

Public sector bonuses under review – Yahoo!

English: Danny Alexander MP addressing a Liber...

Image via Wikipedia

This is an interesting UK story which goes out at the same time as further austerity is approved in the Greek Parliament.

via Public sector bonuses under review – Yahoo!.

The UK Public Sector still argues about Public Sector bonuses when in Greece they face:

  • Culls in their numbers 
  • Cuts in earnings
  • Cuts in pensions

Here is how it was summed up:

Treasury Chief SecretaryDanny Alexander and Cabinet Office ministerFrancis Maude have written to all government departments asking them to examine their reward structures.

In my personal view, Danny Alexander and Francis Maude have been responsible for huge cuts in service quality but have failed to address much needed radical transformation.

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