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?
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Brexit
If you voted Leave, would you prefer tax rises or spending cuts in the Autumn statement?
72 replies
sorenofthejnaii · 28/06/2016 09:37
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