Where The Money Should Be Going But Isn't: The Homeowner Mortgage Support Scheme was announced in December 2008. It is supposed to let householders who have been made redundant defer mortgage payments for 2 years. Internships, a plan for major companies to train jobless graduates, was announced in January 2009. Recruitment Subsidies were announced in January 2009. They are payments of up to £1,500, which will be made to firms to help them train recruits. The Guarantee Scheme for Asset-Backed Securities is a government for banks holding corporate debt, etc. It was announced in January 2009 The Asset Protection Scheme was announced in January 2009. It is a Treasury scheme to insure part-nationalized banks against 'toxic debt'. The £20 billion Working Capital Scheme was heralded by Lord Mandelson of Green Custard as the saviour of the universe in January 2009. What The Money's Going On: MPs' salaries - up 9% Where the money's coming from (2009/04/01 onward) Petrol tax up 2p/litre When the government produces statistics to 'prove' that it's making a difference, prices are going down and everything in the garden is rosy again, it's all just spin and lies. |