Labour's farewell note.. along with debts of over £2 trillion

[Jordy]

Oh well here we go. All political parties say its a mess when they get in and exagerate. So much for the new progressive government with a new way and new thinking. Will be no different than last time. VAT and Capital Gains tax will go up at the first possible opportunity and they are supposed to be the 'no tax party'. Hope lib-dems keep them to their promises.

The Lib Dems are the ones dragging down the Conservatives, I'm not saying the blame should all be put on them, but they're equally or more blameable, Lib Dems admitted themselves they're holding back the Conservatives on some cuts and are behind some of the rises.

[Catzsy]

The Lib Dems are the ones dragging down the Conservatives, I'm not saying the blame should all be put on them, but they're equally or more blameable, Lib Dems admitted themselves they're holding back the Conservatives on some cuts and are behind some of the rises.

Well I have to say that I would be expecting a rise in VAT even if they had a majority. It seems the norm with them. We will have to see how it goes. Is too soon to be too critical about them.

[dbgtz]

rob the banks that will help (obviously I dont mean rob them literally).
Seriously I'm sure they could cut loads of cash quite simply but theyre too scared too because people will argue. For example cut benefits from those who don't need it, like my parents don't need child benefits. That could save a bit if it applied to all types of benefits.

[-:Undertaker:-]

£6 billion is still a lot. How do you / UKIP propose to cut more per year? :S

£130 billion saved for business a year by removing EU regulations.
£9 to £16 billion saved in direct EU funds a year.
£unknown(*) amount saved in removing EU regulations from government which entails police etc.
£10+ billion saved by cutting foreign aid/lowering the amount.
£untold(*) billions saved by drastically cutting the public sector in this country.
+numerous other cuts(*) in areas.

Total (average): £153 billion
(*) figures not included in sum total.

Oh well here we go. All political parties say its a mess when they get in and exagerate. So much for the new progressive government with a new way and new thinking. Will be no different than last time. VAT and Capital Gains tax will go up at the first possible opportunity and they are supposed to be the 'no tax party'. Hope lib-dems keep them to their promises.

It has been Labour telling lies that has been the cause of the problem, they've now found that Brown and Darling moved financial debts/hid them so it was excluded from the debt total in which it appeared as though our debt was around the £800 billion mark when infact its been found to be over £2 trillion. It has also been uncovered that civil servants complained (very rare for that to occur) about massive spends on wasteful projects which Lord Mandelson (former Business secretary) commissioned in the final months leading to the end of Labour government.

VAT is the best solution to raise whilst lowering other taxes but I doubt that will happen under this Conservative/Liberal government because they are pretty much on the same line as the one that has just left office. VAT means that money is spent whereas if you directly tax then it immediately removes money from business and the economy in general. Everytime Labour get into office they leave us in a financial mess and their economic policy for 'growth' can be summed up pretty easily (read it aloud to see the flaw in it);

Spend what you havent got to get yourself out of debt.

Well I have to say that I would be expecting a rise in VAT even if they had a majority. It seems the norm with them. We will have to see how it goes. Is too soon to be too critical about them.

Indeed it does sadly because whenever Labour leave office they seem to leave with massive debts and a generally dire economic situation - yet once the Tories sort the economy out, Labou gain office again and the cycle continues.

[Catzsy]

£130 billion saved for business a year by removing EU regulations.
£9 to £16 billion saved in direct EU funds a year.
£unknown(*) amount saved in removing EU regulations from government which entails police etc.
£10+ billion saved by cutting foreign aid/lowering the amount.
£untold(*) billions saved by drastically cutting the public sector in this country.
+numerous other cuts(*) in areas.


Total (average): £153 billion
(*) figures not included in sum total.



It has been Labour telling lies that has been the cause of the problem, they've now found that Brown and Darling moved financial debts/hid them so it was excluded from the debt total in which it appeared as though our debt was around the £800 billion mark when infact its been found to be over £2 trillion. It has also been uncovered that civil servants complained (very rare for that to occur) about massive spends on wasteful projects which Lord Mandelson (former Business secretary) commissioned in the final months leading to the end of Labour government.



VAT is the best solution to raise whilst lowering other taxes but I doubt that will happen under this Conservative/Liberal government because they are pretty much on the same line as the one that has just left office. VAT means that money is spent whereas if you directly tax then it immediately removes money from business and the economy in general. Everytime Labour get into office they leave us in a financial mess and their economic policy for 'growth' can be summed up pretty easily (read it aloud to see the flaw in it);

Spend what you havent got to get yourself out of debt.



Indeed it does sadly because whenever Labour leave office they seem to leave with massive debts and a generally dire economic situation - yet once the Tories sort the economy out, Labou gain office again and the cycle continues.

Dan you only have their word for that - there is no proof at all. What you choose to believe of course is up to you.
Every new government says the same. For the party of 'no tax' we will see. Also Labour did not plan to raise VAT but we will never know whether their plan would have worked or not now.

[-:Undertaker:-]

Dan you only have their word for that - there is no proof at all. What you choose to believe of course is up to you.
Every new government says the same. For the party of 'no tax' we will see. Also Labour did not plan to raise VAT but we will never know whether their plan would have worked or not now.

Rosie senior civil servants have been the ones who have come out and said this, Labour even left a note on the desk saying all the money had gone - I do not see what more evidence you need to see how economically incompetant they are, were and always have been. Infact to add to this, Labour even said that government spending (money it didnt have) it the way to get out of debt - they, you and I know fully well that you cannot spend your way out of debt with money that you have not got.

This Conservative Party is no conservative party so you will see very little from them, they have already raised taxed on banking sector (one of our biggest sectors) and are planning to hit the taxpayer with a tax bombshell to continue to pay for amazing government waste while they cut a flimsy £6 billion off the deficiet - I mean you couldnt even make it up. The ideal and correct way to go about lowering the deficiet is not only by cutting waste and the public sector but by also raising VAT slightly whilst also at the same time lowering most taxes in general and scrapping the stealth taxes Labour imposed over their 13 year rule (of course Cameron and co will not because they are practically from the same page as Labour itself).

[Catzsy]

Rosie senior civil servants have been the ones who have come out and said this, Labour even left a note on the desk saying all the money had gone - I do not see what more evidence you need to see how economically incompetant they are, were and always have been. Infact to add to this, Labour even said that government spending (money it didnt have) it the way to get out of debt - they, you and I know fully well that you cannot spend your way out of debt with money that you have not got.

This Conservative Party is no conservative party so you will see very little from them, they have already raised taxed on banking sector (one of our biggest sectors) and are planning to hit the taxpayer with a tax bombshell to continue to pay for amazing government waste while they cut a flimsy £6 billion off the deficiet - I mean you couldnt even make it up. The ideal and correct way to go about lowering the deficiet is not only by cutting waste and the public sector but by also raising VAT slightly whilst also at the same time lowering most taxes in general and scrapping the stealth taxes Labour imposed over their 13 year rule (of course Cameron and co will not because they are practically from the same page as Labour itself).

I will do some research on this as you may well be right but I VAT is an insideous tax that effects people on fixed incomes especially pensioners & disabled people. Also retailers will take huge advantage of this as they did the last time. What stealth taxes, Dan ?

[-:Undertaker:-]

I will do some research on this as you may well be right but I VAT is an insideous tax that effects people on fixed incomes especially pensioners & disabled people. Also retailers will take huge advantage of this as they did the last time. What stealth taxes, Dan ?

VAT is a better method of taxation because it is on what you buy in general, so its not automatically removed from your wages like most other taxes and allows business to also profit in turn creates jobs as we know fully well. The retailers will be at a huge advantage(?) and rightly so because it then means they can generate more wealth, employ more people, open more stores and thus they are better off but so is the state because it also then recieves more money via taxation without harming the business.

The stealth taxes (some of them) can be seen on the following links;

http://www.dailymail.co.uk/news/arti...tax-rises.html
http://myweb.tiscali.co.uk/garbagega...m2/stealth.htm
http://www.thisislondon.co.uk/standa...-110-a-year.do

[jam666]

I will do some research on this as you may well be right but I VAT is an insideous tax that effects people on fixed incomes especially pensioners & disabled people. Also retailers will take huge advantage of this as they did the last time. What stealth taxes, Dan ?

A rise in VAT is inevitable and to be truthfully honest we have one of the lowest VAT rates in europe as in most other european countrys its at 20% or above. Whilst it may seem unfair, it will affcect EVERYONE regardless of income and is therefore a fair form of tax (as the libdems would say), however im no lib dem and therefore see tax rises as a ridiculous way to control our budget defecit. We have a VERY LARGE public sector and jobs NEED to be cut. You may think this is unfair but these civil servants are NOT making any money for the country and are a drain on resources. therefore a solution to this would be to TRANSFER these jobs to the PRIVATE sector which will mean that very few people will lose their job and that they start contributing to the economy.

[Smits]

Well theres deffinately going to be cuts, but 6 billion isn't enough.

The lib dems wanted to increase tax on richer people, but i doubt the conservatives are going to let that happen, nor do i think it's fair.