Monday, 16 April 2012 05:48
'At least 100,000 British pensioners are to face “a second Granny Tax” and lose up to £897 a year under the UK government’s move to remove the savings credit, warns Labour.
According to the figures from the House of Commons library, scrapping savings credit, which is a benefit to reward those who save money for their retirement, would also cost 105,000 new pensioners up to £897 per year, as the British Chancellor George Osborne implements reforms to create single tier, flat state pension.
"George Osborne has been caught bang to rights plotting another secret raid on hard-pressed pensioners. First, we had the Granny Tax,” said the British Shadow work and pensions secretary Liam Byrne.'
Monday, 16 April 2012 05:45
'Thousands of protesters have taken to the streets of the Spanish capital of Madrid to protest the government’s planned spending cuts in the health and education sectors.
The protesters carried banners with anti-government slogans and chanted, “Mariano, Mariano you won’t make it to the summer,” referring to the country’s Prime Minister Mariano Rajoy. “I’m here to protect my son’s health and education, it’s basic for any society to cover those needs,” Reuters quoted one of the protesters as saying on Sunday.'
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