UK Deficit & Debt Reduction Plan

[Jeff Maginty]

..

[BrilloPad]

People would stop spending - deflation would ensue then we would be f**ked.

The deficit will never be paid back - just inflated away.

[AtW]

1) an extra £2 of tax on a packet of cigs
2) an extra £1 of tax on a pint of beer
3) an extra £2 of tax on a bottle of wine
4) put 20% tax on flights (or increase by that much if already exists)
5) increase VAT on foreign holidays by 150%
6) increase VAT on cars with > 2ltr engine by 20%
7) increase VAT on cars with > 300hp by 300%
8) put extra £2 tax on cinema tickets
9) increase VAT on jewelery & watches by 100%
10) increase VAT on cakes, sweets & chocolate by 300%
11) extra £200 tax charge on new TVs that are > 32inch
12) extra £500 tax charge on new TVs that are > 40inch
13) extra £1500 tax charge on new TVs that are 50inch or bigger
14) new tax charge of £5 on tickets for sporting events that are televised.

Because this will be just enough to pay ongoing interest on quickly increasing debt pile - everyone would realise how BAD it really is



Nah, people will just buy same stuff cheap from France, plus load up on cheaper wine and smokes whilst at it.

[DaveB]

No need, it's already been paid off.

Ha ha, Osborne, these Gov 2.0 web wranglers have wiped out UK debt

[Platypus]

Basically, no taxpayers have any fun for at least the next 12months whilst we get things under control.

Eff that, no thanks.

Most of the items you list are considered "essentials" these days so benefit recipients will be laughing all the way to the post office.

EDIT: anyway the deficit/debt is so huge those not even make a dent

[scooterscot]

People would stop spending - deflation would ensue then we would be f**ked.

The deficit will never be paid back - just inflated away.

WHS - it's the old standing in a bucket whilst trying to lift yourself upwards. It just is no going to happen.

I'd sell London to the saudis or something to pay off the debt.

[amcdonald]

What about a new tax for ICTs, so they're deemed to be permanently resident and thus avoiding tax by being ICTs

[Mich the Tester]

Why don't the government spend a bit less money?

[centurian]

Why don't the government spend a bit less money?

Because a "bit" less won't cut it - it needs to be a lot less.

And whenever the government tries to cut tuppence off any spending, they get taken to court for breaching "human rights".

[CoolCat]

Wouldnt it be easier to, for instance, make the Indian outsourcers pay as much tax as the rest of us?