whoever moves into number 10 tomorrow...

[-:Undertaker:-]

How would it create jobs?

Well rather simple and its the basis of sound economics;

If people have more money in their pockets then they will spend more money, thus business then grows with that money. The business then can expand/new business opens which creates more jobs which in turn creates more consumers and again, in turn, creates more wealth for both government in tax and for the business in profits meaning it can again, expand/buy out other companies and make an even larger profit. I want to see Britain buying out foreign companies in the masses, I want to see immense growth in the economy and I want to see unemployment brought down from 8 million - I want to see people doing themselves well and being able to spend their own money which in turn, benefits many others.

A tax takes money out of the economy.

i wouldn't want to try that with the europe wide problems that we have experienced. it's not so much HOW to deal with it, but a clear, concise and strong way of doing it. I personally don't think markets would like to see tax cuts.

The markets would love tax cuts, business would love tax cuts. I really believe that if we drastrically cut taxes we could have economic growth from 7.0% upwards because it would turn Britain into an attrative tax haven for business and would also allow small business to prosper which is the most important aspect of it all.

[Catzsy]

Well rather simple and its the basis of sound economics;

If people have more money in their pockets then they will spend more money, thus business then grows with that money. The business then can expand/new business opens which creates more jobs which in turn creates more consumers and again, in turn, creates more wealth for both government in tax and for the business in profits meaning it can again, expand/buy out other companies and make an even larger profit. I want to see Britain buying out foreign companies in the masses, I want to see immense growth in the economy and I want to see unemployment brought down from 8 million - I want to see people doing themselves well and being able to spend their own money which in turn, benefits many others.

Any tax takes money out of the economy which is bad.



The markets would love tax cuts, business would love tax cuts. I really believe that if we drastrically cut taxes we could have economic growth from 7.0% upwards because it would turn Britain into an attrative tax haven for business and would also allow small business to prosper which is the most important aspect of it all.

Simples , Dan. To pay tax you have to be employed. Making huge cuts at this time means more unemployed - less tax to the treasury so where are the jobs going to come from?. The tax paid now is less than under the last tory government.

[alexxxxx]

dan, where have you read 7% growth? we really couldn't get 7% growth again... ever. there can never been enough spare capacity for that to happen. dream dream world.

[Jordy]

Simples , Dan. To pay tax you have to be employed. Making huge cuts at this time means more unemployed - less tax to the treasury so where are the jobs going to come from?. The tax paid now is less than under the last tory government.

And how do you generate any more money by paying someone to work in the public sector and then taxing them. The money just goes round in circles while some of it is lost in red tape, it does not make the government any money.

Businesses however do generate money.

[ifuseekamy]

Pray it isn't Nick Clegg then seeing as the Lib Dems seem pretty keen on joining the euro.

[-:Undertaker:-]

Simples , Dan. To pay tax you have to be employed. Making huge cuts at this time means more unemployed - less tax to the treasury so where are the jobs going to come from?. The tax paid now is less than under the last tory government.

If you are employed by the state sector then you do not create wealth and thus are a drain on the economy, if it was all that simple do you not think everybody would be employed by the state and we'd all live happily ever after. The state does not create wealth, private enterprise does.

dan, where have you read 7% growth? we really couldn't get 7% growth again... ever. there can never been enough spare capacity for that to happen. dream dream world.

The scope for growth in this country would be amazing, no 7% would not be a fixture nor last very long but intially I think we could reach levels like 7%. Imagine for example if we halved taxes (actually possible if public sector was cut and government waste) the economic growth we would experience in the first few months.

[alexxxxx]

And how do you generate any more money by paying someone to work in the public sector and then taxing them. The money just goes round in circles while some of it is lost in red tape, it does not make the government any money.

Businesses however do generate money.

cuts in spending doesnt nessasarily mean cuts in employment in the public sector. cut investment in capital projects and the like mean that money that would have been spent in the private sector by the public sector means that jobs are lost in the private sector - possibly leading to business failures.

you would never get 7% growth. 4 at a push, but you'd get so much inflation at 7% it would be detrimental.

[Catzsy]

And how do you generate any more money by paying someone to work in the public sector and then taxing them. The money just goes round in circles while some of it is lost in red tape, it does not make the government any money.

Businesses however do generate money.

Because Jordy a large majority of the Public Sector is privatised now and I think that would be the first to suffer. You can't say that the whole piblic sector is nothing but red tape - this is a very sweeping statement. Cut the public sector and it would effect the private sector greatly - the public sector are big customers.