With so many people up and down the country struggling to live on the amount they are paid, this is the time were people would go in to do more over time to get more money to help them survive, with many people losing there homes and struggling to pay back bad debt, news from the EU of scraping the 48 hour week could have a damaging effect on everyone who used to put in those extra hours to help towards paying bills and food shopping. From next year that could all change with fears that the 48 hour week could be scraped all together. The UK is the only country in the EU apart from Latvia that does the longest amount of over time and this could of be a thing of the past, if European ministers have their way.

Struggling companies who are suffering from the recession say that they will be hit very hard from the news that people will no longer be liable to work extra hours, and would have a massive effect on businesses all around the country. With so many companies struggling as it is, this would be another massive blow for the UK economy, a blow that couldn’t of happened at a worse possible time. The only countries that come close to doing the highest amount of hours in the EU is Latvia, and out side the EU Australia is the only other countries who allow longer periods of work, to allow employees to earn more money.

If plans were to go through, this could cripple an already damaged UK economy.

EU to scrap overtime is a post from: Bad Credit Loans

Mr Darling is putting pressure on number 10 to not exceed 15 billion in this proposed tax cut. Number 10 are seen to apply these tax cuts for future growth and stability which will allow them to regain the money through future taxation to balance the books. Mr Brown wants these tax cuts to be taken place by Monday, Where Tory leader David Cameron will be on the prime minister’s back for further taxation yet to come, to balance out the massive tax giveaway.

Signs from the chancellor Office, Mr darling isn’t being pushed over to easy, and the  prime minister is putting on more and more pressure. Compared to last year when it was said that Gorden Brown had full control of the treasury And that Mr Darling let him hold control, this has shown some strengths coming from the treasury, who will not be backed in to a corner in a hurry to reduce the amount that has been proposed.

Gorden Brown’s proposed tax relief is a post from: Bad Credit Loans