Voters showed a preference
for public spending cuts rather than tax rises.
By 36 - 24 %, voters still blame the last Labour government more than the present coalition government
for the public spending cuts.
Where two years ago Cameron the «liberal Conservative» seemed to be Nick Clegg's kind of guy, they are now at odds over the need
for public spending cuts.
Mr Davis also hinted that he was also planning to speak out on other issues in future, such as the need
for public spending cuts.
Not exact matches
And while
public dissatisfaction with the legislation has been focused on the notion that the Republican tax
cuts are deeply skewed toward the wealthiest Americans and the corporations they run, Barkan, who has
spent years galvanizing support
for a more diverse and inclusive Federal Reserve, wants to remind Americans this legislation also includes
cuts to their healthcare.
Publicly traded oil companies have lost billions in market value, and both
public and private firms are moving aggressively to
cut capital
spending budgets
for 2015 — laying off thousands of workers and shutting down hundreds of rigs.
As talk about the economy has largely focused on tax
cuts, the U.S. budget deficit and the potential
for trade tariffs, one of the biggest things investors and the general
public seem to be missing is the increased
spending soon to be pumped into the U.S. economy by the government.
And
for that he would need a «fiscal problem» that he could fix with tough
spending cuts and
public service layoffs.
As Europe's banking crisis deepens, Greece's and Spain's fiscal crisis spreads throughout Europe and the US economy stalls, most discussions of how to stabilize national finances assume that only two options are available: «internal devaluation» — shrinking the economy by
cutting public spending; or outright devaluation of the currency (
for countries that have not yet joined the euro, such as Eastern Europe).
The Spanish government outlined an austere 2014 budget that includes further
cuts in
spending by its ministries and a salary freeze
for public employees despite the country's emergence from recession.
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.
The peak industry group, which represents more than 60,000 businesses across manufacturing, engineering, telecommunications, mining, airlines and related sectors, will caution the Turnbull government against large
cuts but call
for careful
spending reductions across aged care, health, the pension system and the
public service to fund a company tax
cut as a key priority.
A modelling exercise
for the Resolution Foundation by the Institute
for Employment Research and the Institute
for Fiscal Studies finds that on the basis of annual average UK growth of 2.5 per cent from 2015 - 2020 — an optimistic scenario — and no further
cuts in
public spending, living standards will fall
for low and middle income households by between 3 and 15 per cent (Brewer et al., 2012).
Despite our tough plans
for cuts in
public spending, we have stuck to the previous Government's commitments on capital investment, apart from some small savings made in May.
It's possible that the
cuts will have taken such a toll on
public services by then that we'll be hollering
for more
spending, but I see no sign of it just yet.
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.
Where the big society is seen by many as a cover
for spending cuts, some of the provisions of the Localism Bill aim to make local authorities more accountable
for the way
public money is
spent.
The latest Construction Trade Survey published today, shows that the
cuts to
public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about
for some time.
Both Clegg and Alexander will today outline detailed plans
for # 16 billion of
cuts to
public spending and # 8 billion of tax increases if they form part of the next government.
I've just written a piece
for Comment is free arguing that in, at least, four areas of
public spending the Government has not
cut out the fat:
Changes could be on the way
for the traveling
public both in the air and on the ground if the $ 85 billion worth of
spending cuts take effect as planned.
They will be duty bound to push
for their manifesto commitments and although the Liberal Democrats argue that they would help reign in Labour profligacy, it is hard to imagine they would force a second election because
public spending cuts are not deep enough.
The coalition agreement has allowed the leadership to pursue its zeal
for cutting public spending.
For a start, the next Labour leader will have only 13 days to agree a policy on spending cuts: the new shadow cabinet won't be announced until 7 October, while the forthcoming Comprehensive Spending Review, which will reveal the biggest cuts to public expenditure since the 1930s, is scheduled for 20 Octob
For a start, the next Labour leader will have only 13 days to agree a policy on
spending cuts: the new shadow cabinet won't be announced until 7 October, while the forthcoming Comprehensive Spending Review, which will reveal the biggest cuts to public expenditure since the 1930s, is scheduled for 20
spending cuts: the new shadow cabinet won't be announced until 7 October, while the forthcoming Comprehensive
Spending Review, which will reveal the biggest cuts to public expenditure since the 1930s, is scheduled for 20
Spending Review, which will reveal the biggest
cuts to
public expenditure since the 1930s, is scheduled
for 20 Octob
for 20 October.
George Osborne's plans to
cut public spending to reduce the deficit would be «devastating»
for the UK, Business Secretary Vince Cable has claimed.
By contrast, Cameron is expected to use this week's reshuffle to placate the disaffected Tory Right who urge
for increased tax and
public spending cuts.
Here, the
public essentially said the following: (a) the
cuts were necessary; (b) the
cuts were good
for the economy; (c) the
cuts were being done unfairly (with many agreeing they were being done too quickly); (d) Labour's high -
spending was largely to blame; and (e) they would sooner have David Cameron and George Osborne in charge than their Labour equivalents.
Critics of the idea have claimed it is a cover
for the coalition's
spending cuts agenda, by transferring responsibility from the state to unprepared members of the
public.
Following the 2008 financial crash, the need to find additional
public resources to reduce or obviate the need
for painful
spending cuts and fund growing long - term demand
for public services makes wealth an attractive potential tax base.
A prolonged period of austerity would be disastrous
for many women, having already borne the brunt of the recession and the
public spending cuts that followed.
Tax
cuts, deep
public spending cuts and rewards
for those folk who work hard and save.
The
public are remarkably accepting of the need
for spending cuts.
All three main parties are committed to an agenda of
cutting public spending and reject the case
for increasing
public investment.
[6] Correspondingly, classical liberals tended to favour
cutting taxes
for the poorest in order to increase opportunity, contrasting with social liberals, who would rather see higher
spending on
public services and the disadvantaged in order to reduce income inequality.
That
cutting public spending will not help restore economic growth and is also socially regressive has been outlined by numerous authors elsewhere (
for example here and here).
Spending cuts will continue
for many more years to come David Cameron said today as he warned that
public debt risks pushing Britain «over the brink».
We believe there is an alternative to these
spending cuts but, if we have to, it's right and inevitable that we will stand up
for the jobs and pensions of
public servants, as well as the essential services they provide to the
public.»
Public Sector Cuts Finally Start to Bite The latest Construction Trade Survey published today, shows that the cuts to public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about for some
Public Sector
Cuts Finally Start to Bite The latest Construction Trade Survey published today, shows that the cuts to public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about for some t
Cuts Finally Start to Bite The latest Construction Trade Survey published today, shows that the
cuts to public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about for some t
cuts to
public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about for some
public spending, announced by the government last autumn, have finally started to impact on construction activity, confirming the fears the industry has warned about
for some time.
In this climate of austerity and the need
for public sector
cuts, when so many are worried about the possibility that nurses, teachers and other such essential workers will be forced out of work as government tightens its belt, it is worth noting that # 2.8 billion of taxpayers» money was
spent on consultancy fees in 2005 - 06 alone.
Among the party's other policies: a # 50bn a year
cut in
spending, a 31 per cent flat rate of income tax, the abolition of national insurance, a five - year freeze on new immigrants settling in Britain, a ban on wearing the burka in
public - and in some private — buildings, and boot camps
for young offenders.
The IFS says the fact that all three parties have ringfenced certain
public services from
cuts, notably the NHS, will pile the pressure
for savings onto other areas of government
spending.
Meanwhile, the BBC reported that a poll
for Newsnight suggested more people believed David Cameron would make the right
cuts in
public spending than Brown.
«Perhaps the task ahead
for our Government today is slightly greater, as Baroness Thatcher never managed to
cut public spending.
[172] Other unions have also faced calls from members to reduce financial support
for the Party [173] and seek more effective political representation
for their views on privatisation,
public spending cuts and the anti-trade union laws.
Remarks he had made at a private meeting of Conservative Way Forward - in which he suggested that the party could make greater
public spending cuts than those to which it had publicly committed itself - were leaked to the media and his resignation as a party deputy chairman was not enough
for Michael Howard.
The sheer magnitude of continued «unspecified»
spending cuts forced by the two percent
spending cap — $ 1.7 billion in fiscal year 2017, $ 3.3 billion in 2018, and $ 4.8 billion in 2019 — will inevitably starve our schools and
public universities and prevent our state from making the investments needed to expand opportunities
for those struggling to lift themselves out of poverty.
While Labour has reverted to «tax - and -
spend» type, I pledge to
cut taxation
for the least well - off and
spend precious
public money more wisely
Not only will the effect of the coalition's
public spending cuts have set in, but the party is preparing
for losses at the local elections in May.
«There is,» he continues, «a powerful argument
for the UK getting on with
cutting public spending more aggressively, now, in order to avoid the risk of being forced into far harsher
spending cuts later.»
Meanwhile, Ed Milliband has called
for Labour to end its caution over tax, telling the Independent newspaper that the balance between
public spending cuts and tax increases
for the rich should be shifted in favour of
public services.