There are more students than there are summer jobs according to a survey carried out for the National Union of Students: - Students in summer jobs struggle.
I do not see why the NUS needed a survey to come by this knowledge. I come across many students, and by definition they must come across a darn site more, and I know that they are struggling. Often finding that there are very few positions available and that those that were available have been taken by recent immigrants. The BBC report somehow fails to mention that.
College rebuilding £2.7bn in red says another BBC report.
The national rebuilding scheme for all schools and colleges in the UK has been mismanaged.
Oh dear. Mismanagement of government money (ours of course) on this scale in the past would have been front page news on every newspaper and heads would have to have rolled. Now, not so.
The Learning and Skills Council, which oversaw the scheme, allocated £2.7bn more than it could afford to rebuild England's further education colleges.
The Public Accounts Committee said this had left projects beset with "considerable uncertainty".
The government said mistakes had been made but the way forward was clear.
The committee based its report on evidence given to the Commons innovation, universities, science and skills committee, which earlier this month condemned the "catastrophic mismanagement" of the scheme by the Learning and Skills Council (LSC)
Now where did I put that £2,700,000,000? Confound it I have checked behind the cushions and even in the jacket pockets of my suit, just in case.
This £50,000,000,000 is £25,000,000,000 more than the very maximum amount that the government said that it could use for Quantitative easing. Admission at last that the recession is deeper than they ever thought it could get and that they have no alternative theories what-so-ever as to what to do about it.
Just in case any of you are wondering what the buggers are doing with that much of our money, they are buying government debt back from the bankers who bought it in the first place at a profit to the bankers. This is to enable the bankers to have enough ready cash to buy the latest public sector borrowing requirement debt that the government is issuing now in ever increasing quantities at a preferential rate to the bankers because they do not do anything with a profit being involved (not even the banks that we own).
Our government can then be seen to be paying its (our) bills with genuine ‘borrowed’ money rather than ‘freshly printed’ money. The distinction is a technical one and the comeback is that the credit rating of our nation may fall, meaning that we will have to pay more for our debts than we otherwise would have done.
There is a possibility that once the quantitative easing finishes (because they really can only do so much of it before our currency devalues to the level of wallpaper) our government (we) will no longer be able to borrow money and therefore no longer have the financial capacity to pay civil servants, benefit claims or much of anything else for that matter.
There is a real possibility that next spring could be very economically difficult for all of us.