Monday, 22 June 2009

Tomorrow's World

Instantaneous news thesedays provides viewers, readers and listeners with blow by blow accounts of events around the world in real time.

Newspapers are now available online too, although a loyal readership purchase thousands of hard copies each day of several Titles: The Times, The Sunday Times, The Sun, News of the World, The Times Literary Supplement, Page3.Com, thelondonpaper - all produced and distributed at News International http://www.newsinternational.co.uk/ Park Plaza, Cheshunt.

News International - part of http://www.newscorp.com/ - welcomed students from Hertford Regional College who wrote in a thank you letter to me 'we were pretty bowled over' by the magnitude of the site and all that it achieves on a daily basis.

Robots collect and dispose of the refuse, efficiently and quietly - skillfully avoiding obstacles and expensive machinery, not least, people. Now there is a thought for residential refuse collections!

Bringing together businesses and young people is so important, not to fill the bucket but to light the fire given the likely budget* cuts of £55-£65bn from 2010, thanks to Labour.

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*But in fact much the largest cuts announced in the Budget have had almost no publicity at all. Look at paragraph 2.81, p35 of 2009 Budget http://www.hm-treasury.gov.uk/d/Budget2009/bud09_completereport_2520.pdf

This states: This Budget puts the public finances on a path to achieve a cyclically-adjusted current balance in 2017-18. The cyclically-adjusted current deficit falls from 6.7 per cent in 2009-10 to 3.2 per cent of GDP in 2013-14, an average improvement of over 0.8 per cent a year... A further adjustment of 0.8 per cent of GDP a year from 2014-15 would eliminate the deficit on the cyclically-adjusted current budget by 2017-18. What this says is that from 2014-5 to 2017-18, the 2009 Budget schedules fiscal tightening (tax rises or spending cuts) of 3.2% of GDP, that is to say, a little under £50bn. Because this is about addressing a structural deficit, it won’t be corrected by the economy returning to healthy growth – this 3.2% is the deficit even when the economy is growing well.



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