45 days to go and everything to play for
There are 45 days until Election Day - and it is still too close to call.
On Wednesday, the Chancellor delivered his sixth Budget – cutting income tax, helping savers, controlling spending, starting to reduce our debt and investing across the UK to secure a better future for you, your family and our country. The Budget shows that our plan is working – with the deficit down, growth up, jobs up, living standards rising, and debt starting to fall as a share of the economy. Against the odds, and the opposition, Britain is walking tall again, delivering financial security and peace of mind to Britain’s families. In this Budget we are:
· Cutting income taxes for 27 million hardworking people, and cancelling the planned rise in fuel duty – the longest freeze for over 20 years.
· A new Help to Buy ISA for first time buyers – so if you save up to £12,000 towards a deposit on a home, the government will contribute up to £3,000.
· Helping savers with a new Personal Savings Allowance, abolishing savings tax altogether for 17 million people to create tax free banking for almost the entire population.
· Committing to run a budget surplus and keep our debt share falling.
· Backing business and skills that will create full employment, and supporting pubs and brewers by cutting tax on beer and cider.
· Investing across the UK for a truly national recovery.
The independent Institute for Fiscal Studies (IFS) has confirmed that families are set to be £900 better off in 2015 than they were in 2010.
In 2010, we inherited an economy on its knees, reeling from Labour’s Great Recession that made our country poorer and hit family budgets across the UK. Confirmation from the IFS that families are set to be better off now than they were in 2010 is good news for hardworking taxpayers – it is more evidence that our long-term economic plan is delivering for Britain’s families. The job of repairing our economy may not be done but Britain is on the right track and we must not turn back
The choice has never been clearer: either sticking to the economic plan that’s delivering for families or returning to the economic chaos of the past. A vote for Labour or any other party would mean Ed Miliband in Number 10, propped up by the SNP, with the same old policies that got us into a mess before. The only way to get the competence of a strong Conservative team, working through this plan is to vote Conservative on 7th May.
Comments
thats the question I struggle with.
sure if labour get in they will wreck the economy - thus forcing a new system to be introduced as the only possible repair.
Its quick, and it brings the whole house of cards crashing down. the new system then is born .......
or we limp along as long as possible with the old system dragging out the pain over decades.....
quite a dilemma really
If they get in again, regardless of any change to the system, I don't know that it will be possible to pay down the debt to a reasonable level in my children's lifetimes let alone mine.
as spidey likes to say "with great power comes great responsibility" - you cant have one, abuse it, and then expect to escape the other.
sure it will hurt the UK citizens in the short term, but under new management and as a different PLC the debt cant stand