Soleron on 01 August 2010
I don't think it will have negative effects.
In the UK, the things that are being cut right now are mostly frivolous (there was so much waste in the budget left by the last government ) and didn't contribute to useful economic activity (various quangos, defence projects, school construction, Child trust funds, the £25k excess earnings allowance on tax credits (i.e. legalised fraud)).
If it was health, police or education jobs being cut then I would agree. But we don't know of any yet.
