Declaration of war. Will we fight?

David Cameron warns public sector over Budget cuts

BBC News - David Cameron warns public sector over Budget cuts:

Page last updated at 02:59 GMT, Saturday, 19 June 2010 03:59 UK

Prime Minister David Cameron has said the budget deficit will not be dealt with by "just hitting either the rich or the welfare scrounger".

Speaking in the Times ahead of next week's emergency Budget, Mr Cameron signalled that public sector pay and pensions would have to be restrained.
Prime Minister David Cameron has said the budget deficit will not be dealt with by 'just hitting either the rich or the welfare scrounger'.
Speaking in the Times ahead of next week's emergency Budget, Mr Cameron signalled that public sector pay and pensions would have to be restrained."

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Mr Cameron said next week's Budget is when "the rubber really hits the road".
According to BBC political correspondent Gary O'Donoghue, this is a clear indication, if one was needed, that the coalition is planning to cut hard and raise taxes.
Mr Cameron acknowledges there are no easy ways to cut the deficit but says it has to happen for the good of the country.
He also insisted there was no agenda against public sector workers.

There is no animus against people because they work in the public sector

David Cameron

"There are three large items of spending that you can't ignore and those are public sector pay, public sector pensions and benefits," he said.
"We revere and want to stand up for people working in the public sector. They do an incredibly important job.
"There is no animus against people because they work in the public sector. It is just a question of how do we best deal with this budget deficit in a way that is fair.
"There is no way of dealing with an 11% budget deficit just by hitting either the rich or the welfare scrounger."
Mr Cameron also lashed out at some unions, asking "what planet are they on?" after some union leaders vowed to oppose any cuts.

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BBC News - David Cameron warns public sector over Budget cuts:

Suicide is painless, pay rises hurt... for investors

BBC News - Foxconn gives workers second pay rise:

"Increasing pay is just one method to make sure workers are more 'stable and comfortable'.

Foxconn has also employed psychiatrists and installed safety nets on buildings.

While the pay rise is good for workers, investors took a different view.

The company's shares fell sharply on the Taiwan stock market following the announcement of the second pay rise.

Trading in the company's shares on the Hong Kong Exchange was suspended on Monday."

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