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If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.
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Keith - taxes on the rich went up along with action on what Osborne call 'aggressive' anti avoidance (some, not-so-aggressive avoidance, open to many people is getting caught here as well...) The IFS post-budget study demonstrates that clearly. There is no point in having some taxes, like the 50p rate, that reduced HMRC revenues making the need to cut more public spending.
The fact is that public spending has to be cut and as a result those most dependant upon that get hit hardest there can be no doubt about that. But - is all that public spending that people have become used to really good for them? No is the answer, it should never have been increased in the first place. The fault lays with those who increased public spending to insane levels that are simply not sustainable, with no regard to the effect it has on the economy.
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