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If you voted Leave, would you prefer tax rises or spending cuts in the Autumn statement?

(73 Posts)
sorenofthejnaii Tue 28-Jun-16 09:37:08

When the public finances are reduced due to lower returns from taxes?

Govt spending is £800 billion. We borrow a bit of that and we have to pay interest - about 3% of what we spend. Given that we have a lower credit rating and that the pound is weaker, that's going to go up.

Still, we don't have to give the EU £8 billion net. Or do we? Because we still don't know what's going to happen about that.

But I fear there will be an economic effect and that will reduce Government income

So you've got a choice:

More austerity? Where will it hit?
Or more tax rises?

What would you like to see?

sorenofthejnaii Tue 28-Jun-16 09:38:04

If this helps, you can look at where we spend money

DiggersRest Tue 28-Jun-16 09:43:26

Ah a sensible question about the referendum! I voted remain but l think it will be both tax rise and austerity measures.

Sorry l know your question was either/or not both (l can read smile)

Luckymummy22 Tue 28-Jun-16 09:49:57

Spending cuts, apart from education.

I don't get benefits. I have Private healthcare. I don't want to pay more tax.

Mainly I voted to remain. We're not all in this together (whereas I was happy to be poorer for the good of the country) in banking crisis.

Why should I suffer due to idiocracy of others.

sorenofthejnaii Tue 28-Jun-16 09:56:51

I suspect that not many leave voters will join this thread.

It's not easy spending the EU saving of £8 billion when your total income goes down by say £10 billion. Because you are down £2 billion.

Millyonthefloss2 Tue 28-Jun-16 10:01:45

I would prefer tax cuts and old fashioned Keynesian public spending on infrastructure projects - maybe the long shelved tidal energy one.

That is how you grow an economy.

George Osborne is toast. So is his stupid belief in Austerity. We are about to get a new PM and a new Chancellor. I can't wait.

(I am a leave voter.)

Oysterbabe Tue 28-Jun-16 10:07:21

It'll definitely be both.
It'll be fine though, I'm just being a sore loser. I mean do my children really need food every day? Jumpers, coats and wooly hats are much more fun than heating.

sorenofthejnaii Tue 28-Jun-16 10:11:02

We are about to get a new PM and a new Chancellor

Do you think a new team will reduce taxes and spend on infrastructure?

YourPerception Tue 28-Jun-16 10:12:06

Do you want answers or to get the pitch forks and witch dunking stoll out?

Salene Tue 28-Jun-16 10:15:21

Given the choice spending cuts, my first choice would be benefit cuts.

Already pay nearly 50% tax so wouldn't be happy to pay more, already feel like we get robbed.

sorenofthejnaii Tue 28-Jun-16 10:18:18

Do we need to spend as much on defence?

Heating allowances, TV licenses and bus passes for all pensioners over a certain age? I know my parents do not need that

YourPerception Tue 28-Jun-16 10:19:55

I would tax those earning over six figures and pensioners with a private pension income over £50,000 pa. I would chase companies such as Google for tax.

I would spend on infrastructure.

SnowBells Tue 28-Jun-16 10:21:00

I'm afraid I'm with LuckyMummy22 (paraphrasing some of her lines):

Spending cuts. I don't get benefits. I have Private healthcare. Private dental care. Private physio. Last time I stepped into NHS GP was years ago. I don't want to pay more tax.

We're not all in this together. Why should I suffer due to idiocracy of others.

Letmehaveausername Tue 28-Jun-16 10:21:51

I reckon we should adopt the Norwegian taxation system, higher taxes for the wealthiest and lower taxes for the poorest

LurkingHusband Tue 28-Jun-16 10:23:26

Lets start by scrapping Trident, and then review the situation.

DoinItFine Tue 28-Jun-16 10:24:50

It was pointless, ideological "austerity" that got us into this mess, but yes more of the same please. hmm

Bananagio Tue 28-Jun-16 10:24:55

milly do you think Boris and Gove or May are suddenly going to go all Keynesian on you? shock

Millyonthefloss2 Tue 28-Jun-16 10:29:47

I don't think the new cabinet will raise any taxes if they can help it. They will want to stimulate business and growth. They are Tories after all. They will also be able to play around with VAT.

Not sure about spending. But I am hoping we are going to get a mainly state educated Tory team next - people who know something about life: Theresa May, Sajid Javid, Stephen Crabb, Andrea Leadsom. Some of them are very rich but none of these four people were privately educated. They will want to be re-elected so they will want to woo Labour voters and they will know how to.

Labour needs to watch out.

raisedbyguineapigs Tue 28-Jun-16 10:30:18

I think we'll get both but I presume the benefits bill will go down due to all the unemployed people in Lincolnshire and other rural areas rushing into all the vacant salad bagging and fruit picking jobs left vacant by the immigrants.

Millyonthefloss2 Tue 28-Jun-16 10:34:51

milly do you think Boris and Gove or May are suddenly going to go all Keynesian on you?

No I don't.

But I live in hope. Moods can change. People can see sense. It's only Cameron and Osborne who are inflexible thinkers and wedded to neverending austerity measures (just like the EU is). I'm hoping that the EU will change too. I am an optimist. I have got my hopes pinned on people like Sajid Javid and Andrea Leadsom who can actually see change in a positive light.

LurkingHusband Tue 28-Jun-16 11:17:07

It's only Cameron and Osborne who are inflexible thinkers and wedded to neverending austerity measures for others.

Just to remind us all ....

BreakingDad77 Tue 28-Jun-16 11:19:30

I didn't vote leave, but that should make no difference to giving input here tbh. NO more cuts, actual DLA and Jobseekers (they all unifying I know are miniscule)

UK has some of the highest inequality in Europe, and they say worse than US.

People need to stop moaning about 50% tax, get over your entitlement you only pay that on salary that is over the threshold, not on all your salary FGS.

Higher earners and corporations need to pay more tax if we want a humane system where there is a safety net as well as keep the NHS going as well as all our infrastructure. You have profited by the UK building roads, providing power, infrastructure, communications time to put back in.

In addition UK loses £120 billion pounds every year to tax evasion and avoidance. Don't get me wrong I don't expect to recover all of that but even 50% would be a start.

GloriaGaynor Tue 28-Jun-16 11:20:53

Clearly it will be both.

GloriaGaynor Tue 28-Jun-16 11:23:57

Given the choice spending cuts, my first choice would be benefit cuts

So, for 14,000 disabled people who had their mobility vehicles taken away, you'd like more?

RepentAtLeisure Tue 28-Jun-16 12:18:12

If Osborne stays, he'll be in his (absolute worst) element. If you're not rich, duck and cover.

Choice of PM will count for a lot. I think May has more empathy in general. Johnson is likely to think 'if DLA seekers need more money they can free up some bonds, or sell a property'. If you think Cameron had his head in the most elite of clouds, you haven't seen anything yet... And he has the wonderful get out of free card of 'Sorry, EU exit has to be paid for, must tighten belts, etc'.

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