According to the experts UK debt will exceed predicted labour levels (shocker) and reach 85% of GPD, amazing.
The incumbent government will need to raise up to £40 billion over 3 years in cuts or tax rises.
That is equivalent to £1500 per person in tax rises per year. This is likely to come from a hike in VAT, 1 or 2p on income tax and others methods.
So say the Tories win, come in raise tax everywhere, cut public spending, the recession still high. Yes they can blame labour for a while but by the time the next election came around Labour would have a younger Cameron like leader and slate the Tories for how they have managed to economy and raised taxes.
Labour would win again and then the natural time curve of economics would encourage growth and the economy is good again, Labour cannot lose.
I swear Labour have made the debt so bad and spent like mad because they know they will not win next election but are guaranteed to get back in on the next one.
Shit position to be in possibly for Cameron.
The incumbent government will need to raise up to £40 billion over 3 years in cuts or tax rises.
That is equivalent to £1500 per person in tax rises per year. This is likely to come from a hike in VAT, 1 or 2p on income tax and others methods.
So say the Tories win, come in raise tax everywhere, cut public spending, the recession still high. Yes they can blame labour for a while but by the time the next election came around Labour would have a younger Cameron like leader and slate the Tories for how they have managed to economy and raised taxes.
Labour would win again and then the natural time curve of economics would encourage growth and the economy is good again, Labour cannot lose.
I swear Labour have made the debt so bad and spent like mad because they know they will not win next election but are guaranteed to get back in on the next one.
Shit position to be in possibly for Cameron.
