Winners and losers

Bill Ralston lists what is hot and what is not in 2009. He includes in the hot list

Taxpayers
Roll on the next wave of tax cuts.

...and in the not hot list....

Beneficiaries
Because you won't get a tax cut and the Government keeps making nasty noises about how you should get a job.

Two things are happening to beneficiaries which will actually advantage them.

1/ The EMTR will decrease for those who undertake some work. Effectively a beneficiary will be able to work a full day at the minimum wage (or just above) and not lose any of their benefit. 2/ Benefits are going to be indexed and this will be guaranteed by legislation.

As for "making nasty noises about how you should get a job", no more than Labour had been. Both parties agreed that work is the best way out of poverty. Making it happen is quite another thing.

As for tax-payers being hot, tell that to low income earners. Hot under the collar maybe. And for those that do receive them, cuts are likely to be gobbled up as quickly as they are implemented. Think ACC premiums for starters.