Friday, 7 May 2010

greece austerity measures

GREEK AUSTERITY MEASURES
Public sector pay frozen until 2014
Public sector salary bonuses - equivalent to two months' extra pay - scrapped or capped
Public sector allowances cut by 20%
State pensions frozen or cut; contribution period up from 37 to 40 years
Average retirement age up from 61 to 63; early retirement restricted
VAT increased from 19% to 23%
Taxes on fuel, alcohol and tobacco up 10%
One-off tax on profits, plus new gambling, property and green taxes

I have a feeling this sort of thing will be hitting the UK pretty soon, no matter who wins the election
toodle pip

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