ADAM AFRIYIE TELLS GOVERNMENT TO SLASH TAXES OR LOSE THE NEXT ELECTION - MP Adam Afriyie has called upon George Osborne, the Chancellor, and David Cameron, the Prime Minister, to either cuts taxes now to promote growth or lose the next general election.
All this comes in the wake of the UK’s Credit Rating downgrade which saw Moody’s stripped the UK of it coveted AAA rating, which is a clear sign to many that the train is being derailed.
What the UK needs, according to Adam Afriyie is a Budget that will kick-start the economy back into growth by attracting greater foreign investment with massive tax cuts across the board, including:
Phasing out ‘National Insurance Contributions’ that will entice more people to find gainful employment.
Halve the current Corporation Tax on their profits to 12.5% in order to attract foreign investment and produce greater reinvestment in technology and jobs.
Raise the Income Tax threshold to £10,000 so that working becomes an attractive proposition for the British people.
Mr Afriyie has certainly made some good points and all of the above would certainly help the economy get back on track. If the UK is able to make the proposition of doing business in the UK more attractive then this will entice manufacturers to set up business in the UK which in turn will create jobs that people will want to do because they won’t be taxed to the hilt doing them.
The real issue with the country is the Government. Governments are, by their very nature extremely wasteful; you only have to look at the debacle of Foreign Aid and who this money is simply filtered out of the UK and into the bank accounts of those controlling the country it’s destine for – Foreign Aid cash rarely reaches those it was intended for.
Other issues that need to be tackled are the growing population, through the failed Borders Act 2007. On top of this the UK has the issue of not being able to deport criminals or those who simply want to sponge off the welfare system; which the Human Rights Act 1998 can be directly attributed that mess.
To really put a stop to the amount of taxpayers’ money being wasted each year the UK also needs to address the issue of the EU. It is time that the British public was given a referendum and David Cameron should not be allowed to blackmail the public in having a referendum if he is re-elected in 2015, by which time it will be too late to stop the swathes of immigrations from Romania and Bulgaria; due to the pending Right of Free Movement 2014.
It is certainly never too late to stop the madness and turn things around but I fail to see any hope that any of the current government officials, or even those waiting in line for the next election, have either the spine or moral fortitude to turn this mess around.