Archive for April, 2009

The Budget- Good news for unemployed 25s, Bad news for boozers

"There, there Darling." Alistair Darling and Gordon Brown during the Budget report.

So…The Budget 2009 was released on Wednesday and naturally not everyone is happy.

There have been mixed reactions across the board with newspapers like The Sun placing the emphasis on the 2% tax rise on alcohol and cigarettes whereas The Daily Telegraph concentrated on the 50p tax rise for high earners.

So apart from the extra pence or two on top of good ol’ night out, how else are students and young people affected by the Budget?

Firstly, Alistair Darling promises funding for sixth form centres across the country in order to create a further 54,000 places. This is absolutely vital for school leavers who do want to go onto further education. Many youngsters have been turned away because there is lack of space at sixth forms and colleges.

Secondly, all under 25 year-olds who have been out of work for a year or more, are to be offered a job or training with extra benefits on the training scheme. Fantastic if the government can pull it off but (and excuse me for being sceptical) where are they going to find these job placements from? And after training, will the trainees end up with a job?

Its absolutely amazing what the government can do. They can ‘create’ money out of thin air for their banks yet some people in Britain are living close to the poverty line. Alcohol, tobacco and fuel prices seem to be going up and up and people are struggling to run their cars while MPs claim expenses for everything.

With claims that Darling’s figures for the Budget do not match up and David Cameron referring to the Labour government as ‘The Living Dead,’ the future for the party does not look bright.

I’m sure Darling sat there reassuring himself that the documents in his little battered briefcase were the right solution for Britain. Hey, not an easy job this running-the-country malarky but somebody has to do it but whether it will be a Labour victory at the next election is highly debatable.

See the full Budget 2009 report here.

Young, Educated and on the ‘dole’

Does the solution to the recession lie in Darling's battered briefcase?

Does the solution to the recession lie in Darling's battered briefcase?

According to a news report I heard the other night on the radio, more young people are on the dole than ever before.

Having been made redundant for a brief period at the beginning of the year myself, this report comes as no surprise. A couple of years ago it was shocking to hear an 18 year-old say that they’d lost their job through redundancy. Now its a common occurence.

A report from the Local Government Association shows that in the last three months of 2008:

1 in 4 (38,000) 18-24 year olds were made redundant and;
1 in 4 (39,000) 50+ year olds were made redundant.

The terrible truth is that these figures are probably much worse now.

After working hard through school and college, many youngsters are finding themselves still unemployed after leaving school more than a year ago. Adults with much more experience are struggling so for a teenager who has litreally just burned their old school uniform, it is an absolute nightmare.

Unfortunately it isn’t just school leavers, graduates are finding it tough also. Many with 2:1s in Accountancy or Business find themselves in menial part-time jobs which have nothing to do with their dream job that they have been training for the past three years.

Undergraduates also fear that they will come out of university with a degree but because of the recession, there will be no work for them. For example, in the media sector, hundreds of journalists and sub-editors have lost their jobs across the country. Shocking, considering the fact that if there is always news to report, there is the assumption that there will always be journalists to report it.

The government are (as always) doing the best they can to support young people through the recession and by setting up schemes to help them kickstart their careers. A report from The Guardian says that Alistair Darling (who is due to reveal his budget for the forthcoming year this week) will provide a £2billion package to help young people out of work.

Lets hope Darling stands and delivers for the sake of all of our futures.

Going GaGa for £9 credit crunch shoes

Cheap Chic: Primark's best-selling 'Killer' heels.

Cheap Chic: Primark's best-selling 'Killer' heels.

We all want to save money in the recession, especially us students who love a good bargain. However, if you bought a pair of designer Lady GaGa inspired shoes from Primark and they only cost £9, do you think you’d be paying for quality?

Yes they’re £9 and so The Sun inform us, come in a variety of colours and are one of Primark’s best sellers. Therefore, for £9 you can buy a pair in every luminous shade.

However, Primark is renouned for ‘cheap chic,’ clothes you wear for about a month before ditching them in a bin or giving them up to charity. Cheap shoes therefore constitutes blisters and the possibility of the heel falling off on your first night out in them.

At the end of the day, we should all opt for quality because if you pay ‘bargain bin’ prices for your goods, bargain bin quality is what you will get. You will continually have to replace said shoes/kettle/hairdryer if you pay wallet friendly prices.

Effectively if we all save abit, cut back on the saturday night takeaways, the wednesday night lottery ticket and the daily Pret-a-manger lunch fix, we could spend a little more on high-quality goods that last longer.

Who knows? Cut out the cigarettes and alcohol and you too might be able to splash out a real pair of £300 Louboutins

…Yeah, dream on, this is a recession!

We’re footing the bill for Royalty

Princess Eugenie in one of her many gap-year destinations, Phuket.

Princess Eugenie in one of her many gap-year destinations, Phuket.

The beginning of the week saw the tabloids splash Princess Eugenie across their front page in her stars and stripes bikini on her gap year in Phuket.

Now according to reports, despite being a royal, the Princess is experiencing the ‘typical’ student gap-year abroad by staying in cheap hostels and motels with her friends…oh and a whole team of bodyguards. Despite living on a ‘student budget’ the security bill, according to The Daily Mail is costing us taxpayers around £100,000.

Firstly, most gap-year students go travelling in a small group with a substantial amount of cash between them. If things do not go to plan, many find themselves trying to find part-time work in order to get more cash to fly home. It is highly unlikely that Fergie is going to leave her daughter stranded in Phuket if her money runs out.

Secondly, Eugenie’s gap-year travels have seen her trek her way around the globe- Turkey, Poland, Mongolia, China and the former Soviet Union as well as India, America and South Africa. Could many of us ‘ordinary’ students do that? No, didn’t think so.

The Princesses do ‘do their bit’ for charity and like typical teenagers want to have as much of ‘normal’ upbringing as they can but most public opinion is that taxpayers should not have to contribute their hard-earned cash into over-endulgent security packages for the Royal family. Especially in a recession.

Of course like any normal parents, The Duke and Duchess of York want to ensure their daughter’s safety and if us ordinary folk had the money I’m sure we would use it to protect our loved ones too.

However, this is taxpayers money, not self hard-earned cash on the Royals’ part. They may as well claim ‘gap-year holiday’ and ‘security’ on their expenses form like their fellow politicians and MPs.

If we’re all meant to be in this recession together, lets start helping each other out rather than the rich stealing from the ‘poor.’

Even OAPs aren’t safe

Chilled future: We want our OAPs to retire carefree

Chilled future: We want our OAPs to retire carefree

Pension savings of 3.7 million people in the UK have been severely affected by the recession, the BBC reported in the week (Wednesday).

It is estimated by Aon that defined contribution (DC) savings pots have shrunk by a massive 29%.

Families are already suffering from the recession at present and so it is an even more worrying thought if the future does not look bright either.

If the average student today graduates with an average £18,000 worth of debt, then has to pay it back over several years (which really may mean two decades if the government get their way) and also has to maintain a home, car and a family, then pensions are extremely important for retirement.

After years of working hard, surely everybody deserves to live out their retirement with the reassurance that they will have a comfortable lifestyle. Without the worry that they may not have enough money to maintain stability in their lives. Seeing as our older generation live much longer nowadays then it is vital that people can rely on the pension system.

As admitted by Joanne Segars from the National Association of Pension Funds “confidence in pensions is low at the moment.”

Statement of the obvious, you may agree.

We do not want our grandparents working until they’re way into their seventies because they cannot afford to retire. It is inevitable that everything that is affected by the recession now will no doubt, affect the future but for the sake of generations to come, lets hope it does not spiral further out of control.

Vox Pop- Students air their views

City University London

City University London

Following the news on university tuition fees, I asked a few students for their views on the subject. Heres what they thought:

Loren Barwick, 18, a Psychology student at Essex University said: “If they [the government] raise the fees, it will cripple my finances.”

Amy Robson, 18, an Education student at Anglia Ruskin University Chelmsford said: “People complain about the youth of today but how can anyone wonder why kids are roaming around on the street instead of going to Uni, if they’re going to be in so much debt?”

Tanya Plucknett, 19, a Physiotherapy student at St. George’s University London said: “It’s not such an issue for me because I’m a medical student and luckily the government pays my tuition fees.”

Joanna Smith, 19, a Psychology student at Westminster University said: “I hope it doesn’t happen because no one will want to go to Uni because they’ll be in so much debt.

“None of our generation will become teachers, lawyers or doctors if that happens.”

Adeena Watts, 18, a History student at the University of Aberdeen said: “I think England should adopt the same system as Scotland and scrap tuition fees.”

Dominique Major, 18, a Journalism student at the London College of Communication said: “We are encouraged to go to Uni at school but how is anyone able to go if you can’t afford it, it’s ridiculous.”

Vicky Lam, 19, a Psychology student at City University London said: “I think it’s really unfair, especially for overseas students who have to pay really high fees anyway.

“For the amount you pay you expect high quality and you don’t always get that with the amount you pay now.”

So there you have it folks, students sticking it to the man. Whether the government actually listens or not is another question.

Sign up for the petition against tuition fees here

Thrills at our expense

Porned off: Home Secretary Jacqui Smith

Porned off: Home Secretary Jacqui Smith

Since Monday, newspaper headlines have been dominated by the Jacqui Smith scandal, sparking debates and TV programmes (Sex Education vs Pornography) left, right and centre.

What does this have to do with the recession I hear you ask? Well, this ‘crime fighting’ Home Secretary has claimed over £1.1million in four years…from taxpayers’ money. £10 of this cash includes claims for two adult movies by her ‘researcher’ husband, Richard Timney. Clearly they’re both doing their jobs properly.

While the dole queues lengthen and our world leaders attempt to come up with a solution to help the economy, millions of pounds worth of taxpayers money is being used up in MPs’ ‘expenses.’

The Sun released a report on Wednesday revealing the expenses of top twelve politicians, amongst them Gordon Brown (£318,704) Alistair Darling (£293,770) and David Cameron (£290,649). To top it all off, Commons leader Harriet Harman, wants an extra £800,000 a year of our money for MPs’ pensions- which are already extravagant.

You’d think that with the amount of money that they’re earning, they could conjur up a solution in these hard times. Afterall, as humans aren’t we conditioned to work harder if we are being rewarded? Then again we’re talking about MPs here.

How about we use these so-called expenses as a boost for the economy? Britain’s priority right now should be getting our economy back on track, not endulging our MPs with money…and other vices.

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