Most people prefer Tax rises to Public Service cuts

[Titanic99]

It seems the public would prefer tax increases to service cuts in a bid to get the deficit down (hardly surprising as most people voted that way).

 

Personally I'd agree with the majority, I recall reading about some form of ratio in which the Government initially indicated 60% cuts and 40% tax rises, but now this has changed to 80% cuts and 20% tax increases.

 

Which would people prefer, cuts or tax rises and where should the tax rises be aimed at?

 

http://www.poblish.org/article.jsp?id=436559

[cgksheff]

48% Agree

43% Disagree

 

http://www.comres.co.uk/page1901693654.aspx

[I1L2T3]

No need to worry. We hit the jackpot. We're getting both.

[Titanic99]

48% Agree

43% Disagree

 

http://www.comres.co.uk/page1901693654.aspx

 

It's interesting to note that only 38% of Libdem voters disagree, hopefully their leadership will take note of this when arguing with their partners.

[Guest sibon]

It's interesting to note that only 38% of Libdem voters disagree, hopefully their leadership will take note of this when arguing with their partners.

 

And you think that happens?

[Vague_Boy]

It seems the public would prefer tax increases to service cuts

 

Well as we're gonna get both, everybody should be happy.

 

This quote is a year old but is as true now as it was then:

 

Tax rises and spending cuts will be needed to get borrowing under control

Significant tax rises and deep cuts in public services will be needed to bring Gordon Brown's unprecedented stock of Government borrowing under control, MPs have said.

 

The Labour-majority Treasury Select Committee said the Government's plan to borrow £700 billion over five years would leave the country facing "uncomfortable choices".

 

Only "substantial" tax rises or "unprecedented" cuts in public spending - or a combination of the two - would be enough to get Britain's debt back down to acceptable levels, the MPs said.

 

LINK

 

And that was the previous government's take on things. Good luck if you're holding out for them to save you from the "nasty" coalition.

 

With the deficit running at approximately £160 billion a year, that £700 billion figure over 5 years would now be £800 billion without any cuts, and that is just the deficit, not the national debt (which is £800 billion already). So the next five years (if nothing changes) should see us doubling a national debt that took centuries to accumulate.

 

As I have said before on here, most people are still blissfully (or willfully?) ignorant of the catastrophic state of the UK's finances.