PovertyandSocialExclusioninUK
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PovertyandSocialExclusioninUK

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PovertyandSocialExclusioninUK PovertyandSocialExclusioninUK Presentation Transcript

  • Poverty  and  Social  Exclusion  in  the  UK   h7p://www.poverty.ac.uk   m.tomlinson@qub.ac.uk  
  • Response  to  Northern  Ireland’s  DraG  Budget:  http://bit.ly/a4XEnsLooked  at  impact  of  Spending  Review  on  living  standards  in  Northern  Ireland  and  especially  the  living  standards  of  those  with  the  lowest  incomes  Highlights:  •   Treasury  disinvestment  in  NI  =  £3.48  billion  by  2014/15  •   Capital  investment  strategy  for  2008-­‐2018  =  shorXall  of  £4.5  billion  •   Loss  of  38,000  jobs,  half  from  public  sector  •   Job  loss  –  dispropor]onate  impact  on  women    •   Job  losses  +  cuts  in  value  of  key  benefits  =  increase  in  poverty  •   Dispropor]onate  impact  on  regions    
  • Response  to  Northern  Ireland’s  DraG  Budget:  •   Corpora]on  Tax  reduc]on:    Following  Richard  Murphy’s  report  http://bit.ly/ltl3CB  “poor  use  of  £280million      with  no  certainty  of  significant  job  crea]on”  HM  Treasury  paper    Rebalancing  the  Northern  Ireland  Economy  Core  assump]ons:  •   Deficit  reduc]on  (‘sustainability’)  •   Rebalancing  
  • Deficit  reduc]on  (‘sustainability’):  •   Corporate  tax  avoidance  (tackle  this  before  reducing  CT)  •   Financial  regula]on  –  interna]onal,  domes]c  (major  challenges  to  turn  finance  from  specula]ve  gambling  to  socially  useful  ac]vity)  •   Sustainability  –    financial  concept  (Treasury  paper  based  on  outdated  concept  of  ‘sustainability’)  •   Alterna]ve  concepts:  social,  environmental  
  • Rebalancing:  •   Treasury  version:  public  v  private  (public  bad,  private  good:  reduce  business  taxes  and  private  sector  employment  will  fix  NI  economy)    But  other  types  of  rebalancing:  •   Reduce  size  of  financial  services  sector  •   Sectoral  growth  of  manufacturing,  cultural  industries,  knowledge  economy  (and  role  of  educa]on  +  training  in  this)  •   Regional  dominance  of  S  East  of  England  (enterprise  zones  will  not  fix  regional  imbalances  in  employment  and  investment)  •   Gender  audit/budge]ng  (Where’s  the  equality  proofing?  The  words  ‘women’,  ‘equality’  do  not  occur  in  the  Treasury  document)  •   Carbon  accoun]ng  (green  economy)  (Growth  accounts  vs  green  accounts  e.g.  Puma  -­‐  http://bit.ly/lUZTSl)  
  • Devolu]on  of  fiscal  powers:  A9rac:ons:  •   Beyond  a  poli]cs  of  spending  •   Enabling  budgetary  responsibility  •   Genuine  local  responsibility  (or  Treasury  administered  tax  haven?)    “nothing  less  than  radical  decentralisa:on,  to  reach  every  corner  of  the    country”    (David  Cameron)  Conclusion  If  we  go  down  the  road  of  reducing  CT  rates  we  must  do  so  on  the  basis  of  social  condi]ons  and  rebalancing  the  economy  on  terms  that  are  democra]cally  decided  in  N  Ireland.  (If  this  cannot  be  done,  we  need  other  instruments.)