Osborne on attack again - Cuts
 

http://news.sky.com/story/1718621/ge...-tax-increases

When things weren't bad enough. Osborne is planning huge tax rises. And more cuts.

I am certain the rich wont like that, we will get hit. And sadly the welfare budget will get hit again.

Where is all the millions going, that we are saving from the EU.

He is totally sick in the head :mad:

Re: Osborne on attack again - Cuts
 

No money being saved from the EU as we are still members. If we left and wanted to trade with them, we'd still have to fund them so forget that money.
The inability to sell the Government's stakes in Lloyds Bank and RBS, the falling Pound, standstill in investment will all hit total tax receipts so the Government will try and make up the shortfall in the two ways you mentioned. Unfortunately, Project Fear is becoming Project Reality. :(

Re: Osborne on attack again - Cuts
 

The money saved from the EU is small-fry in the context of government budgets. IIRC a drop of 0.5% GDP will equate roughly to wiping out the equivalent amount in government tax receipts. It's looking like it will cost us more than that.

Re: Osborne on attack again - Cuts
 

it hasn't been a full week since the referendum things will calm down every one needs to chillax be patient .
as for Gideon who is to say the new PM will keep him as chancellor he's still in the project fear camp.

Re: Osborne on attack again - Cuts
 

Not true, only if we wanted to trade tarriff free (as in the single market) would we have to pay. Otherwise it's just the same as trading with the other world nations.

Re: Osborne on attack again - Cuts
 

What millions is that as we have not left the EU yet. Untill such time as we do leave we will have to continue paying them there money ?

Re: Osborne on attack again - Cuts
 

We already have a thread on Osbourne and cuts here

http://www.cableforum.co.uk/board/20...e-page-17.html