ChatterBank1 min ago
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 ?
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 ?
Answers
Best Answer
No best answer has yet been selected by olddutch. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Brave words, old dutch but it's a bit strange for you to be suggesting public sector pay cuts when the vast majority of public sector workers are on pretty low wages. I know that the Daily Mail keeps pumping out this daily stuff about the bloated public sector but it's crap and so are the wages of MOST public servants. How much does the editor of the Daily Mail 'earn'? Why has all the attention been on MP's expenses when what realy matters is what the bankers have done to our economy? Not one serious economist has recommended cutting the deficit now; all have said to wait till the recession recedes.
Zita
yes timing of cuts and tax increases important to allow continued recovery
but many difficult things will have to be done
dont overlook the following
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%
Across the board pay cuts - for all public sector workers, including MPs,Police, BBC etc - first £20K frozen but uncut - then on every £1 of earnings over £20,000 a pay cut, ranging from 1% for the lowest, to 10% for the highest earners (eg those earning over £100,000).
what, if anything, would you do instead?
yes timing of cuts and tax increases important to allow continued recovery
but many difficult things will have to be done
dont overlook the following
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%
Across the board pay cuts - for all public sector workers, including MPs,Police, BBC etc - first £20K frozen but uncut - then on every £1 of earnings over £20,000 a pay cut, ranging from 1% for the lowest, to 10% for the highest earners (eg those earning over £100,000).
what, if anything, would you do instead?
Capital gains tax should match the individuals level, ie it should be treated as income tax, otherwise you run the wrath of the Pensioners and it woud not be fair.
Otherwise its pretty much spot on.
The Public sector spending can be cut. There are bloated payments, mainly to managers and above but they are there. Councils and Whithall are not businesses, what business can just put the price up if they run short? In addition dump all the 5 a day co ordinators and lesbian outreach workers etc I am more than sure the lesbians and others can look after themselves.
In addition, if you dont speak English - tough, we are not going to translate for you. This costs $400 for 1/2 an interpeter in the NHS and MUST be stopped.
Now council houses for young mums, put them in Hostel type lodgings, that'll put them off.
Otherwise its pretty much spot on.
The Public sector spending can be cut. There are bloated payments, mainly to managers and above but they are there. Councils and Whithall are not businesses, what business can just put the price up if they run short? In addition dump all the 5 a day co ordinators and lesbian outreach workers etc I am more than sure the lesbians and others can look after themselves.
In addition, if you dont speak English - tough, we are not going to translate for you. This costs $400 for 1/2 an interpeter in the NHS and MUST be stopped.
Now council houses for young mums, put them in Hostel type lodgings, that'll put them off.
Interesting list - ranging from Government policy through the fairly practical to the hopelessly impractical.
I think some of these might have unintended consequences - your 25% VAT over 10K is effectively a tax on buying new cars. The Car manufacturing industry is a big UK employer (nearly a million people) - hence the scrappage allowance last year.
As I mentioned on Geezers thread yesterday simply defaulting on EU payments would probably result in a collapse in the UK Gilts market and a loss of our cretit rating a la Greece.
I tend to agree about Trident (although I think we should probably retain a tactical nuclear capability) but the politics of it is complex as Nick Clegg found out in the debates.
I'd love to know how you'll determine which University course are pointless - perhaps you could set up a Quango ;c)
I think some of these might have unintended consequences - your 25% VAT over 10K is effectively a tax on buying new cars. The Car manufacturing industry is a big UK employer (nearly a million people) - hence the scrappage allowance last year.
As I mentioned on Geezers thread yesterday simply defaulting on EU payments would probably result in a collapse in the UK Gilts market and a loss of our cretit rating a la Greece.
I tend to agree about Trident (although I think we should probably retain a tactical nuclear capability) but the politics of it is complex as Nick Clegg found out in the debates.
I'd love to know how you'll determine which University course are pointless - perhaps you could set up a Quango ;c)
why are oil wars solely the preserve of the USA? Don't we depend on oil just as much? That doesn't mean we should start wars over them, but no point pretending it isn't a British issue too.
Pointless university courses presumably include English, music, art and stuff like that? Anything but engineering, accountancy and rocket science?
Pointless university courses presumably include English, music, art and stuff like that? Anything but engineering, accountancy and rocket science?
Thanks for input Jno
How about (I pinched this one)
No Public employee should be allowed to earn more than £100,000 including
Council Chief Executives
The PM
MP’s
Police Chiefs
NHS Managers and staff
BBC staff
Everyone paid for out of the public purse
Exorbitant salaries to attract people who can do the job is nearly always a fallacy.
Anyone who is paid in excess of £100,000 should be taxed at 80% (for every £1 over £100k)
How about (I pinched this one)
No Public employee should be allowed to earn more than £100,000 including
Council Chief Executives
The PM
MP’s
Police Chiefs
NHS Managers and staff
BBC staff
Everyone paid for out of the public purse
Exorbitant salaries to attract people who can do the job is nearly always a fallacy.
Anyone who is paid in excess of £100,000 should be taxed at 80% (for every £1 over £100k)
^ PS otherwise, oddutch, I would go with quite a lot of the other suggestions you make. Down here in Dover they are talking about slashing the Immigration/Border control staff - who have been highly successful in the past year in a) identifying people trying to get in and b) seizing drugs etc being brought in illegally. I'd vote to keep them, not decimate their team.
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