Will the Chancellor Reduce Taxes to Help the British People?

Wednesday, 6th March 2013

WILL THE CHANCELLOR REDUCE TAXES TO HELP THE BRITISH PEOPLE? – When it comes to the British Government, regardless of which political party is in power, they are extremely wasteful when it comes to public spending.  This comes as no surprise to anyone; let’s be honest it’s easy to spend other people’s money on worthless schemes such as the massive Foreign Aid budget.

But where does all the money come from for the government to squander each year?  Well that’s simple; it comes through levying tax on the public and in a number of areas, such as income tax, that’s tax on the money you earn.  There are of course many different types of taxation, something the British people are all too well aware of.

In order for a country to operate it needs cash and vast quantities of it and each year the Chancellor announces the annual budget and it is at this time of year that most British families sit rooted to the TV in order to find out just how much more the government is going to take out of their pockets.

No two political parties are alike and each have their differing views on how the economy should be run.  You often hear governments referring that they use a ‘Fiscal’ or ‘Monetary’ policy, however the truth is that all government use both, as neither as an economic model actually works by itself.  Of course there is the third option of laissez-faire, which basically means ‘to leave well alone’ or let the economy find its own equilibrium.  Unfortunately this is a stand-alone model and is not feasible.

So what do we have right now?  And what is the likely outcome of the next budget?  The real issue here is that we do not have a majority government but rather a coalition that is made up of the Conservative Party and the Liberal Democrats.  Their views on running the country and raising taxation is completely different, but here is my synopsis.

Conservatives

They want to introduce more ‘austerity’ measures that will see government spending being cut in areas where spending is not vital or essential; or at least that’s what they say.  When you look at the massive spending on Foreign Aid you might consider this an area that could be wiped out altogether and in the process save billions of pounds.  However, the Conservative Party feels that this is necessary, even though they are fully aware that most of the money is lost or filtered into the bank accounts of the corrupt.

Many Conservative back-benchers are calling on the Chancellor, George Osborne, to cut taxes, such as income tax, that would allow the public to have more spending power and therefore bring the economy out of the recession.  The fear is that if the Chancellor increases taxation this could lead us into a deeper recession.

The reduction of taxation has to come from the reduction of public spending in order to support it and one area the Conservative Party wants to cut is that of Welfare and Tourist Healthcare.  Both of these public spending sections costs the taxpayer billions each year and it appears that the majority of hard working British Taxpayers’ want to see an end to the handouts that allow people to take advantage of these system.

Liberal Democrats

They feel that as a socialist society, and that’s what the UK is, almost all of our public services, such as welfare, education, healthcare and so on, is based on a socialist model – the idea being that we take care of those less fortunate than ourselves through taxation that supports the upkeep of the systems.

The Liberal Democrats believe that due to the increasing population of foreign immigrants, because under EU legislation they have a right to reside in the UK and live off the taxpayer, that Welfare spending should be heavily increased.  They also feel that the Conservative Party is completely out of touch with the public and society.  The very thought of holding an EU Referendum on pulling out of Europe in order to stop the EU imposing its will upon the British people and closing our borders to the massive influx of immigrants is completely inconceivable.

The Liberal Democrats have made it clear that any potential cuts in Welfare would be vigorously contended and that the Military budget is one area that could be cut further, simply by reducing the number of personnel in the Armed Services and reduce the level of equipment that they have in the battlefield.

In an announcement today, Vince Cable, the Business Secretary, has come out to say that the government should consider cutting out Winter Fuel allowance for our pensioners.

Conclusion

So what’s it going to be?  I’m not sure it’ll be much of anything to speak of.  The budget, as I see it will simply take from one area in order to give to another.  It’s pretty much a case of robbing Peter to pay Paul as neither side to the coalition can agree on affirmative action.

I often get dismayed when I hear of government officials wanting to take something away from our pensioners or put our armed services personnel at greater risk.  When was the last time you saw a government minister sitting in a cold home during the winter, or bogged down in a fox hole in the middle of Afghanistan?

Regardless of whom you vote for surely it has to be agreed than none of them live in the real world.  None of them has to worry where the next meal is coming from or whether they have sufficient money to heat their homes and certainly none of them will ever experience the prospect of being killed in some God forsaken land far away from home.

I feel this budget will be like any other budget and that is to fill the government coffers from the hard working taxpayer just so they can squander it on services, such as the NHS, that are collapsing and their own personal interests.