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Cameron: Public spending savings could fund lower taxes
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Author:  paulzolo [ Tue Mar 04, 2014 1:58 pm ]
Post subject:  Cameron: Public spending savings could fund lower taxes
Quote:
David Cameron has suggested that further public spending savings could be used to fund tax cuts.

"Every efficiency" found could help to provide a "bit of extra cash" for households, he said in a speech.

He also argued that spending cuts were part of an attempt to change the UK's "values" by making the country less reliant on debt.

http://www.bbc.co.uk/news/uk-politics-26427370

One wonders if there is a general election on the horizon. Well, actually, we know there is. And so does Dave.
Author:  l3v1ck [ Tue Mar 04, 2014 2:01 pm ]
Post subject:  Re: Cameron: Public spending savings could fund lower taxes
Quote:
He also argued that spending cuts were part of an attempt to change the UK's "values" by making the country less reliant on debt.
To be honest I think that's the important part. Once we eliminate the deficit we can start looking at spending increases in line with increases in GDP.
I'm not convinced tax cuts are the best option at the moment.
Author:  jonbwfc [ Tue Mar 04, 2014 2:28 pm ]
Post subject:  Re: Cameron: Public spending savings could fund lower taxes
l3v1ck wrote:
Quote:
He also argued that spending cuts were part of an attempt to change the UK's "values" by making the country less reliant on debt.
To be honest I think that's the important part. Once we eliminate the deficit we can start looking at spending increases in line with increases in GDP.
I'm not convinced tax cuts are the best option at the moment.

Yet, strangely, despite all the spending cuts his government has borrowed more money than the incompetent, wasteful labour administration they replaced.
Author:  ShockWaffle [ Tue Mar 04, 2014 4:29 pm ]
Post subject:  Re: Cameron: Public spending savings could fund lower taxes
But not more than they would have had they stayed in power. Nor have they cut spending much less than Labour would have.
Author:  Spreadie [ Tue Mar 04, 2014 8:15 pm ]
Post subject:  Re: Cameron: Public spending savings could fund lower taxes
ShockWaffle wrote:
But not more than they would have had they stayed in power. Nor have they cut spending much less than Labour would have.

They did plan to invest though, rather than just cut everything to the bone, realise it isn't working (whilst claiming it's all going to plan) and then borrow money to make up for the shortfall created by stifling growth.
Author:  Amnesia10 [ Tue Mar 04, 2014 8:43 pm ]
Post subject:  Re: Cameron: Public spending savings could fund lower taxes
l3v1ck wrote:
Quote:
He also argued that spending cuts were part of an attempt to change the UK's "values" by making the country less reliant on debt.
To be honest I think that's the important part. Once we eliminate the deficit we can start looking at spending increases in line with increases in GDP.
I'm not convinced tax cuts are the best option at the moment.

We are still years away from eliminating the structural deficit and tax cuts might not make the situation any better.
Author:  ShockWaffle [ Tue Mar 04, 2014 9:03 pm ]
Post subject:  Re: Cameron: Public spending savings could fund lower taxes
Spreadie wrote:
ShockWaffle wrote:
But not more than they would have had they stayed in power. Nor have they cut spending much less than Labour would have.

They did plan to invest though, rather than just cut everything to the bone, realise it isn't working (whilst claiming it's all going to plan) and then borrow money to make up for the shortfall created by stifling growth.

Kind of. They planned to spend money on Building Schools for the Future for instance - but that was PFI funded and sources of credit would probably have dried up without some form of bailout. What did they have on the go that wasn't PFI funded and liable to the same problem that you can recall?
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