Originally posted by DodgyAgent
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What his job is to cut spending - that's what he got mandate for and that's what he promised.
He did not do it in first 5 years - blamed LibDems and scheduled cuts to happen after 2015 elections.
Where are those cuts???
Here is what he should have done:
1) Taxes: increase VAT to 25% slowly over 10 years - maybe 5.
2) Use QE to fund infrastructure like HS2
3) Cut spending in only most fair way: everything gets cut by X% to hit proficit target over 5-10 years period - only exception I'd make for defense, which was cut over many years already and costs very little in the first place.
4) Lower taxes for wealth generation, and I mean REAL wealth generation which is EXPORT of products/services - something that brings in real NEW money into this country rather than sends same cash around, which mostly ends up in HMRC coffers.
5) Cut any tax IF it is deemed very likely that by cutting such tax OVERALL revenues raised from it will increase
6) Dealing with house prices - if current builders can't make it then create new Govt owned building company to get enough houses build every year to meet demand - nice IPO later to take it private.
That would be a good start.
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