Ride the Pay Freeze out with some Online Bingo

The gloomy news in the United Kingdom continues, this week we are told that there is going to be a pay freeze until 2012, brilliant, as if the news couldn’t get any more disappointing we are now told to make even more financial cut backs. At least there is always online bingo for some salvation, some fun games and of course the winnings will come in handy in this prolonged ‘recession’ that Trevor McDonald keeps telling us about. Though we can’t blame him, the news reader looks even more disheartened than the rest of us.

This week the Resolution Foundation, an independent think tank has warned that the rich could get richer and the poor could get poorer, they also claim that the already ‘squeezed middle’ will lose even more money and the crisis will not get any better until 2012.

The independent report focuses on 10 million middle class families and their 5.2 million children in what is known as the ‘squeezed middle’, they do not rely on state benefits and are increasingly worse off than they were a few years ago.

The Labour parties welfare spokesman Liam Byrne’s and Lib Dem MP David Laws will meet to debate the report this week. The pair, who have not met since Laws left a now famous note for his predecessor Burns in 2010, the note read “there is no money left” and highlighted the gloomy state of the economy.

Now, the pair are set to meet and figure out how to stop what could be a devastating reaction to this report. Byrne claims that “Britain risks replacing the US’s lost decade” where the middle classes have fallen so far behind the rich that they face poverty. He says that there is a “huge inequality between the middle and top classes and that working people do not have a government on their side”. Byrne and Law rarely agree on anything but they agree that the current government strategy is doing little for jobs and the impact is harmful on society.

The report highlights that over a third of the population are going to be over £1,700 a year worse off with an average income of £20,200 whilst the top percentage of the countries earners will be 10% better off by 2020. On top of this we need to face a dramatic pay freeze with a percentage of wages falling by 4.2% and tax credit cuts are still to kick in. It states that the percentage of young adults renting accommodation has risen from 27% to 47% and that it is to take double the time for people to get on the property ladder with those who have taken on a large mortgage before the recession struggling to pay their repayments.

What great news to start the week off with, less money and higher living expenses, great, all we can do is ride it out together. When I start to feel a little down I just think that I am better off than those soap characters that we see on the TV, so whether it cheers you up to laugh at Ian Beal’s disastrous love life or Peggy Mitchel’s dramas, turn the box on, forget about the real world and win some free bingo cash to cheer you up.

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