LONDONâBritish trade unions are fighting the coalition government's plan for major spending cuts by targeting the Liberal Democrat Party, seeking to drive a wedge in the Conservative-led government by pressuring its junior partner to rebel against an austerity drive Unions are urging their members to lobby Liberal Democrat lawmakers through letters and at constituency meetings; they plan protests at the party's conference in Manchester, which begins next weekend; and they are urging local Liberal Democrat politicians to press parliamentarians to resist the government's drive to slash spending. "We will use every tool at our disposal, including exploiting the cracks in the coalition that will widen into gaping holes as we head into the autumn," said Bob Crow, general secretary of the National Union of Rail, Maritime and Transport Workers. On Sunday, unions threatened widespread strikes if the government goes ahead with aggressive spending cuts. http://online.wsj.com/article/SB100...11120.html?mod=WSJEUROPE_hpp_MIDDLETopStories I think the British Pound does not like this sort of announcement..
Too much has been given and promised to too many people. Can't be sustained. Cutbacks are the ONLY answer, but those who are receiving/promised lavish salaries and benefits don't like it. When it is explained, "Too much was promised to you, we can't afford it". The response is, "I don't care. I want my money. I don't care how you get it or from whom you get it, I WANT MY MONEY"... We'll see the same in the US at some point, as we've also passed "the point of no return" on Socialism.