The government is so desperate for money that, after the next election, and no matter what flavour of government, they will have to start taking draconian measures.
The talk thus far has been of our growing economy, especially when compared to the rest of Europe. But Osbourne is finally starting to realise that his legacy of zero hours contracts (to make the unemployment figures look good), and the Lib Dem legacy of raising the rate at which basic rate payers start to pay (£10000), to make the Lib Dems look strong in government, is killing the economy.
Coupled with an ever-growing welfare bill and the absolute refusal to tell pensioners (the grey vote) that they don't know when they're well off, this could turn into a lengthy downturn.
We have been here before, I know, but I honestly don't see any other way of getting out of this one than raising taxes...by a lot. People like me and the wife have felt it in ways that the lower paid don't realise. We lost our child benefit (quite rightly BTW) and Mo's pension contributions have risen from 6.25% four years ago to 11.5% from next April. Plus no pay rise for three years. That's a lot of money to be down on an annual basis. Not moaning, there are people much worse off than us, but just saying that we have all been affected.
Now, if after all of this, the deficit has actually risen, then it doesn't take a lot of sense to realise that there's going have to be some drastic money-grabs to try to put things on an even keel. The world is a very volatile place at the moment, Russia's economy is on the verge of collapse. But don't laugh because when people get desperate, they do deperate things, and wars tend to make people forget about money worries.
Rods (where is Rods) linked to an article that said one morning everyone who had more than £10000 in a saving account would wake up to find 10% of it gone. Don't discount such measures.
Have a nice day.
