Public sector pay frozen till 2014
Public sector salary bonuses - equivalent to two months' extra pay - scrapped for higher earners and capped for others
Public sector allowances cut by 20%
State pensions frozen or cut; contribution period up from 37 to 40 years
Average retirement age up from 61 to 63; early retirement restricted
VAT increased from 19% to 23%
Taxes on fuel, alcohol and tobacco up 10%
One-off tax on profits, plus new gambling, property and green taxes
http://news.bbc.co.uk/2/hi/europe/8662366.stm
http://news.bbc.co.uk/2/hi/europe/8661385.stm
Oct 2010 - France:
Retirement age up from 60 to 62
http://www.digitaljournal.com/article/299135
Nov 2010 - England:
Proposed fee rise, up from the current £3,290 per year to £6,000, with an upper tier of £9,000
http://www.guardian.co.uk/politics/2010/nov/11/cameron-no-turning-back-tuition-fees-rise?intcmp=239
South Korea: What next ?
- Declining Birthrate
1990:1.6 children
2008: 1.2 children - Slower GDP Growth
2000-04: 5.3%
2005-09: 3.4% - Women in the Work Force
South Korea: 53%
All Developed Nations: 57% - Rising National Debt (pct. of GDP)
2000: 16.7%
2010: 32.1%
http://online.wsj.com/article/SB10001424052748704791004575519703277433756.html
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