The modern Robin Hood, King of Thieves

[AtW]

No, it's just that Labour wouldn't have had any other choice, just like the Tories didn't.

Oh, no choice in cutting expenditure?

I do contribute into a pension, so I am very annoyed by this proposal - just I don't think for one moment that Labour would have left such a huge cash cow alone, when the humongous hole in their budget became apparent - re-instating the 50% tax band and a couple of percent on corp tax would barely have put a scratch in it.

Well that would be better for me than what Tories did so far, that would have increased tax on dividends but not as much as Tories, and what would stop Labour getting their 50% next time? Tories just made it a lot easier for them, yes the same Tories who said they wanted 40% tax instead of 50% and blamed LibDems for not allowing this to happen!

You tell me, what exactly stopped Tories to increase taxes so much when they were in coalition with LibDems, do you think LibDems would have been against increase in taxes??? I doubt it. Tories just played a nasty game of blaming inability to cut taxes and cut expenditure on LibDems, but now when they got reelected they pursue totally different path - high taxation... all for what? For Osborne to be elected as PM - his whole game is timed to make that happen and I say it's completely wrong approach for which he had no mandate.

[AtW]

The 2015 election was all about choosing which party was lying the least - and just how damage would be caused before they faced the hard reality.

There is only one fair way to do it - overall budget reduction by X% for all spending - no ring fencing. That's the fair way - phase in 20% reduction in spending over 5 years (say 4% each year), perhaps with increase in VAT from 20% to 25%, also by 1% per year.

What's the point in reducing Govt debt when people have no disposable income, so they get into crazy personal debt? People should have more money in their pockets to decide themselves what they will spend it on.