I cannpot see how we shall get out of this hole by not inceasing some indirect taxes such as VAT plus of
course public spending cuts.
Not exact matches
The government, it said, remained on
course for a # 10 billion surplus in 2019 - 20, but only by delaying capital investment, promising further
cuts in
spending on
public services, and bringing forward a one - off boost to corporation tax receipts into 2019 - 20.
Of
course, it is true that population growth of any kind puts pressure on infrastructure, but in reality falling investment in
public services represents a political choice by the current Conservative government, which has opted to
spend the tax revenues generated by immigrants and refugees on tax
cuts for businesses and reducing the deficit rather than expanding healthcare and education provision.
His claim that unemployment will fall rather than rise in the
course of this Parliament is based on the OBR assessment, rapidly rushed out to give ammunition to contest the anticipated Harman attack (incidentally providing the first suspicions about the OBR's objectivity), that whilst 600,000
public sector jobs will be lost by 2015 - 6 and a similar figure (though unspecified) in the private sector as a result of the
public spending cuts, some 2.5 m jobs will be created over the same period in the private sector.
«I believed that if we made a principled case for ruling out a VAT rise, as well as against premature
cuts in
public spending, it would change the
course of the election,» said Mr Balls.
«We became interested in studying the effects of economic downturns on
public spending during the Great Recession of the late 2000s, when media outlets were filled with stories about states
cutting optional Medicaid benefits, increasing school class sizes and reducing
course offerings,» said Ho, who is also a professor of economics at Rice and a professor of medicine at Baylor College of Medicine.