… local authorities have been forced to embark on an epic economy drive. Their spending on public services will be 22% lower this year than in 2010.
Joe Anderson, the mayor of Liverpool, says that, even if he closed all 19 libraries in the city and its nine sports centres, stopped maintaining its 140 parks, halted all highway repairs and street cleaning and switched off 50,000 streetlights, he would save only £68m—which is £22m short of what he must cut by 2020. So there will have to be a further 10% reduction in the social-care budget, he says.
Britain’s local councils face financial crisis, January 28, 2017 at 12:33PM
In other news, firms are already planing to move their European employees and businesses out of Britain. And not just any employees:
… the prize is a share of the 1.1m people who work in financial services in Britain (rising to 2.2m if jobs in supporting industries are included). These workers pay 12% of Britain’s taxes and generate an annual trade surplus of £55bn ($69bn).
Firms consider upping sticks from Brexit-bound Britain, as foreign capitals mount a charm offensive, January 27, 2017 at 11:44PM
Since we’re coping so well with the deep, enforced austerity, the government decided the best course of action was to give the economy another jolt with a hard Brexit. Who needs social services and functioning economies when knee-capping your own economy will win you votes?