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The economy, a sensible debate in advance of the budget

malumbu

By malumbu
in The Lounge

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CPR Dave

CPR Dave

Posted
Posted
1 hour ago, vladi said:

The key aim of this and future budget will be cuts to government spending.- not more taxation. 

 

 

That's what the Labour manifesto might have led people to believe but I don't think we will see that in practice this month. 

For a start income tax rates are definitely going up, and a number of other taxes are too (NICs for self employed partners in LLPs etc). And at the same time, spending is not coming down. In fact it seems it will be going up with the end of the two child cap on child benefits, no adjustment to the triple lock, endless public sector payrises and so on.

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