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| Spending Review: IFS warns of deepest cuts in history; "George Osborne will announce the most dramatic and far-reaching cuts to state spending Britain has ever seen" | |
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| Topic Started: Nov 22 2015, 05:32 AM (388 Views) | |
| skwirked | Nov 22 2015, 05:32 AM Post #1 |
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On Enforced Vacation
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http://www.telegraph.co.uk/news/politics/spending-review/12009574/Spending-Review-IFS-warns-of-deepest-cuts-in-history.html
Incredibly, people voted for all of this, hope you enjoy it. http://www.ifs.org.uk/publications/8063 More detailed stats here. Edited by skwirked, Nov 22 2015, 05:40 AM.
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| RJD | Nov 23 2015, 09:18 AM Post #41 |
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Prudence and Thrift
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Well as the shortfall is currently around £80b PA could you show the piles of cash where you can mine such without damaging the economy? Remember this is no once off charge but an annual requirement. If you took every Penny of income above £100,000 PA how much do you think that will add to the Treasury? Truth is that it has been this Gov. that has squeezed the rich and made them contribute a much higher portion and lightened the load on the opposite end. If you think there is more juice in the lemon then you have to show how as it is difficult to accept your proposal is not reasoned and is just vindictive. So please enlighten. |
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| Lewis | Nov 23 2015, 07:05 PM Post #42 |
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Senior Member
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So the shortfall is (if your figures are correct) £80bn. Well tax evasion costs the exchequer some £82bn/year. So all Giddie needs to do is track down these scroungers and make them pay what they owe. Then job done, deficit annihilated. He could start with his own family! http://www.taxresearch.org.uk/Blog/2014/09/22/new-report-the-tax-gap-is-119-4-billion-and-rising/
Edited by Lewis, Nov 23 2015, 07:06 PM.
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| Steve K | Nov 23 2015, 08:09 PM Post #43 |
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Once and future cynic
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Highly unlikely and even their wild arsed guess (by the infamous R Murphy no less) admits the biggest part of the problem is people doing deals for cash. Yes we should be tough on Boot Sales and tough on the causes of Boot Sales. |
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| Affa | Nov 23 2015, 08:58 PM Post #44 |
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Senior Member
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Should we say the cause was Mrs Thatcher, Conservatism, failed political ideology, or is that being disingenuous. Boot Sales sprang up everywhere in the 80s, virtually disappeared in the noughties, and are back once more ..... as a legacy! Edited by Affa, Nov 23 2015, 08:59 PM.
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| Rich | Nov 23 2015, 09:05 PM Post #45 |
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Senior Member
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Are you suggesting that the other lot do?( I cannot use the word opposition for fear of a visit from the trades descriptions act people.) Edited by Rich, Nov 23 2015, 09:06 PM.
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| Lewis | Nov 24 2015, 08:14 AM Post #46 |
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Senior Member
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By the same token you couldn't describe the current lot in power a government, for that would surely stretch any valid definition. |
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| RJD | Nov 24 2015, 08:35 AM Post #47 |
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Prudence and Thrift
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The only reliable estimate known to man where the process of such is defined with all assumptions is that made by HMRC and if one reads the Tax Gap it becomes very clear that maybe ~5% of the the £80b can be found from that source. Now where are they going to find the next £75b? Of course the Ostriches who avoid reality will poo poo HMRC and claim they know better, but with any substantiations. They could go for Milliband's "hit the rich bastards" and garner anything between -£1b and +£2.5b. But where is the rest to come from? Surely the Usuals have thought this through? A 40% VAT or just ignore the problem perhaps? |
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| RJD | Nov 24 2015, 08:40 AM Post #48 |
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Prudence and Thrift
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You have hit the nail on the head, those that object, instinctively, to each and every cut have no known alternative strategy, therefore, one must assume one of two things the first being: incapable of formulating such a strategy or comfortable with spending now to the cost of future generations. Maybe one of them after much goading can come out and say with some humility which it is? Just deafening silence! |
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| skwirked | Nov 24 2015, 08:48 AM Post #49 |
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On Enforced Vacation
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A crap govt. Up there with Asquith, Baldwin, Eden, Jim etc. And the opposition are dire too but still an improvement even if they don't understand the Q or A either. ;) |
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| papasmurf | Nov 24 2015, 08:53 AM Post #50 |
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Senior Member
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Quite. I am still waiting to see any visible signs of a recovery. I had the misfortune to spend two hours in Penzance yesterday. The economy can't recover with about one in four shops a charity shop, a similar number "Pound" type shops, second hand good shops, "hippy shops." Most of the rest cafes or some kind of takeaway. |
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