"We need to save a lot of money. Tax credit costs have gone up from £1bn to £30bn a year. It is unsustainable when we have massive debts."
The National debt has been higher as a proportion of GDP for 169 of the last 169 years. Please stop propagating this myth. Every economic policy outlined by the Tories rests on it and its a false premise.
Yes Tax credits are a mess, yes they need reform but the reform to firms paying higher wages needs to come first, rather than dumping a whole load of people into penury. This counts directly against your "helping people to help themselves" mantra as it means more and more people will be in relative poverty and less able for themselves and their children to escape it.
This government have just signed deals with the Chinese that sell them our infrastructure, rather than investing money to build it ourselves, Germany (who have higher levels of debt as a proportion of GDP) would never do this, why was there money for quantitative easing which has boosted the stock market, and basically maintained the status quo that the banks had prior to 2008, but not for genuine job creation in terms of infrastructure spending? This would have not only boosted in economy in the short run but also the long run.
Why is there one rule for farmers ( who got bailouts in 2001 with foot and mouth) and bankers but another for steelworkers and the rest of the country?
Oh and I don't agree with cutting CB to families on higher incomes at all, the saving was minimal and it then brought in the them and us attitude we see on here now where people claim they get nothing so why should others get anything.
The policies of this government have actually been in favour of the wealthy, of the corporations, of those that own land and damm everybody else, all with this "we can't afford it" mantra going on in the world's 6th biggest economy.
Its a myth, yet half of MN buy into it and use it as a reason to cut down on policies that restore some kind of social justice. NHS cuts, Education cuts, Tax credit cuts, all the things that equalise our society just a little bit more are being cut in favour of policies that favour making the inequality gap larger and making real meritocracy a thing of the past.
Grazia, you preach this self help mantra, but if the gap is too big no one will be able to bridge it. YOU didn't just self help yourself, you were given support and aid, you had a society which helped you to do so. These cuts stop that from existing.