The cuts in Child Benefit announced by George Osborne amount to a saving of £1
Billion.
Meanwhile bankers have received bonuses totaling £7 Billion, although more than
half of this will be taken in tax (see
http://www.cebr. com/wp-content/ uploads/London- and-the-City- Prospects- Press-Release- 5-October- 2010-City- Bonuses.pdf
for details).
And now, just when everyone else is about to be hit by spending cuts, they
expect bigger bonuses.
How is Transition Edinburgh getting on with plans for a localcurrency?!
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