How should the Budget Deficit be tackled ?
To start the ball rolling some ideas below:-
Let the USA fight its own oil wars (how many billions let alone lives have been wasted) - bring back all our troops within 6 months
Quangos - get rid of unnecessary Quangos, surveys/ reseach and inquiries
VAT remain unchanged up to items costing £10k - but go up should go up to 25% on items over £10k ,
Income Tax should increase to 22% and 45% respectively.
Low earners should be protected from the worst of these rises by the rise in the tax threshold to £10,000.
Tax bonuses at 50% to £25000 and 75% above that.
Corporation tax should go up by 3%
Bring back betting tax
Scrap,put on hold or slow down expensive public sector projects - Future projects to be scaled down more affordable achievable, and also be contracted to UK contractors.
Across the board pay cuts - for all public sector workers, including MPs,Police, BBC etc - those earning over £20,000 should have a pay cut, ranging from 1% for the lowest, to 10% for the highest earners (eg those earning over £100,000).
Cut all public sector budgets by 5%
Cut EU payments
Scrap Trident
Scrap ID cards
Tax lorries from abroad an entry tax
Cut immigration costs - tackle illegal immigration costs - no benefits
Health tourism to be stopped - visitors to pay the going rate
Cut pointless university courses
Desperate times call for desperate measures - the above ideas could do with improving - how would you tackle cuts and tax increases ?