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There is a general consensus across all political parties that cuts need to be made to address the countries deficit; the difference is in the execution and level of cuts nothing else. There is no sensible alternative.
Taxing the rich might give a short term boost but ultimately they will manage their affairs to mitigate against any tax increases and the tax take will fall.
Taxing banks and bankers will fail for the same reason and will ultimately make the UK Financial Services sector uncompetitive and lead to more job losses not just there but across the economy.
Sadly the public sector is hideously bloated, particularly government departments and agencies and this along with things like benefit spend is where the state needs to look to save money. Of course there is a downside in so fa as cutting jobs increases benefit spend and reduces tax take but this is less than the salary and pension contributions and office costs spent to keep these people employed. The private sector is the only place where we can create significant job opportunities and this is where government needs to look to target what spending it has available through such things as employment and training incentives, soft loans etc.
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