[Ignitionnet]

This statement was pretty nasty actually, the savings seem to be from welfare rather than increasing the tax take.

I understand the need for cuts in everything but the richest in society are taking absolutely none of the pain from this statement and it had relatively little impact on those who aren't wealthy but have high incomes such as myself.

It really is time for a land value tax, many other countries tax in that manner without having huge social unrest. Money sitting in housing and other unproductive assets doesn't power the economy, money flowing through businesses does.

Introducing a land value tax and using the proceeds to reduce VAT would be a pretty good idea. Property millionaires in the same council tax band they were in before their asset tripled in value over a little more than a decade should be paying some more.

Big winner from it all is of course pensioners and soon to be pensioners, aka Baby Boomers, triple lock on their pensions while those of working age see some of their welfare frozen, winter fuel allowance remaining non-means tested, still no tax on properties beyond council tax.

All in it together my backside.