What will the next raft of cuts be?

[Anna B]

Seeing as the Conservative party won't deign to tell us, what do you think the next round of cuts will be?

 

They want to save £12 billion so the cuts are going to be harsh. That's why they daren't tell us what they're going to do.

 

Personally, I think child benefit will cop it, and once again the poor and unemployed will be screwed until the pips squeak, (is there really any more they can squeeze out of them?) Carers allowance will probably be means tested, and pensioners perks will go.

 

What you can bet on, is they will be hidden in the small print or somehow be spun as 'helping us.'

[-Boomer-]

This is the hot topic of the moment and is providing much speculation. One thing is for certain, they'll hurt the poor, working families on benefits and the vulnerable more than anyone else

[Happ Hazzard]

How do you make cuts without hurting the people who recieve the vast majority of public spending? Child spending is well overdue to be abolished. There should be no incentive for feckless breeding in an already vastly overpopulated country like the United Kingdom.

[ubermaus]

Seeing as the Conservative party won't deign to tell us, what do you think the next round of cuts will be?

 

They want to save £12 billion so the cuts are going to be harsh. That's why they daren't tell us what they're going to do.

 

Personally, I think child benefit will cop it, and once again the poor and unemployed will be screwed until the pips squeak, (is there really any more they can squeeze out of them?) Carers allowance will probably be means tested, and pensioners perks will go.

 

What you can bet on, is they will be hidden in the small print or somehow be spun as 'helping us.'

 

families with kids, single mums, unemployed, disabled, middle earners....in that order. The super rich will once again double their money.

Like you say the cuts will be harsh if they get in. I predict riots again...but this time from mums with prams!

 

---------- Post added 30-04-2015 at 12:58 ----------

 

How do you make cuts without hurting the people who recieve the vast majority of public spending? Child spending is well overdue to be abolished. There should be no incentive for feckless breeding in an already vastly overpopulated country like the United Kingdom.

 

if people dont have kids, then we have an aging populus with less people to pay taxes.

[Anna B]

I propose getting the money back from the bankers who caused this austerity and so far haven't been held to account, they are still getting multi-million pound bonuses, and from the super rich whose £billions have doubled during the last five years of austerity. They'd hardly even notice £12 billion...

[Happ Hazzard]

I propose getting the money back from the bankers who caused this austerity and so far haven't been held to account, they are still getting multi-million pound bonuses, and from the super rich whose £billions have doubled during the last five years of austerity. They'd hardly even notice £12 billion...

Who caused the economic boom that preceded the austerity.

 

How do you propose taking the billions of the "super rich". Shooting them? Shooting their children? Torture?

[poppet2]

Who caused the economic boom that preceded the austerity?

 

It was the banks in the USA with their sub prime mortgages that caused the Depression, not Labour.

[Happ Hazzard]

But who caused the economic boom that preceded it?

[L00b]

I propose getting the money back from the bankers who caused this austerity and so far haven't been held to account,

That's been ongoing for a while now, Anna. Whilever the banks and the City do well (-again), so does the Treasury.

 

But beware the Laffer Cruve (to which banks and large-scale financiers of all ilks will be more immediately-sensitive than most), it risks producing more casualties than just HSBC (which, as casualties go, would be prove a fair bit more than 'sizeable' to the Treasury).

<...>

 

Europe may, of course, play some part in HSBC’s thinking. But it is not why investors have been urging the board to put the domicile question back on the table. Their beef has little to do with access to the single market or indeed the climate of “banker bashing” that senior executives claim to find so prevalent in Britain.

 

It has much more to do with the so-called bank levy, a tax on bank balance sheets that was introduced in 2010 to oblige the UK’s largest financial institutions to contribute towards the risks they had so visibly generated during the financial crisis. <...>

and from the super rich whose £billions have doubled during the last five years of austerity. They'd hardly even notice £12 billion...

Yes, that's worked really well for Hollande and is working similarly really well for Tsipras. The super rich don't care much for politics and/or the hoi-poloi, Anna...they just move assets (and/or taxable liabilities) once taxation becomes too heavy/burdensome.

 

Unless you were thinking of confiscatory measures? In which case you might as well kiss good-bye to the £bns' worth of tax revenue from the said banks, City and Brit-based 'super rich', turning the UK into a financial pariah overnight. Like any Gvt (of any colour, coalition'd up or not) would ever let that happen.

 

Next bright idea, please?

[SteveJ68]

But who caused the economic boom that preceded it?

 

Seeing as you're such a vehement supporter of capitalism can't you tell us? It could be your job to explain the world of finance to the general public of Sheffield.