Austerity News

Bromley - Bromley is the largest borough in London, and one of the wealthiest, but it's not-so-wealthy, especially the disabled, are being targeted the same as everywhere else.

Sydney - Just when austerity is going out of fashion around the world, our brainless leaders are all for it. Australia’s deficit was caused by political ineptitude and policy mistakes. The economists are now talking about “savings”, aka austerity.

Lewisham - The fight by grass roots activists to save the accident and emergency department at London's Lewisham Hospital continues. Those backing the campaign include local politicians and hospital staff.

UK Prime Minister David Cameron has come out with a corker - there is no magic money tree. If that is the case, perhaps he could tell us where money comes from?

The British and other governments are remorselessly downsizing their public sectors and spending in the face of massive resistance. Now, even the high and mighty are questioning its wisdom.

In an era of austerity and budget cuts the dreams of every politician are reduced to the reality of governing for the survivability of their constituency and not for their own self interests.

Britain has lost its cherished AAA credit rating after Moody's, the world's largest global credit rating agency, downgraded the UK to Aa1.

In recent years the UK has seen a sharp rise in the numbers of its citizens relying on food banks but a leading United Nations official has warned today that such reliance could become a human rights issue.

As part of the British coalition government's austerity measures, welfare reform has taken centre stage. An introduction of a 'bedroom tax', for those in receipt of housing benefit is scheduled for April.

Washington - Liberal analysts are warning that a deep recession could follow implementation of spending cuts and that the experience of Europe points to the significance of government spending in a weak economy.