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Armageddon alert over 'reckless' national debt

Apparently the UK has a debt problem.

Steve Bundred the Audit Commission chief exec has said:
"tax increases and spending cuts are inevitable immediately after the election".
http://www.thisismoney.co.uk/news/article.html?in_article_id=479330&in_page_id=2&ct=5

Where should the tax increases and sending cuts be made?:confused:

Comments

  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Apparently the UK has a debt problem.

    Steve Bundred the Audit Commission chief exec has said:
    "tax increases and spending cuts are inevitable immediately after the election".
    http://www.thisismoney.co.uk/news/article.html?in_article_id=479330&in_page_id=2&ct=5

    Where should the tax increases and sending cuts be made?:confused:


    Unfortunatly the tax increasess were inevitable as soon as the bail outs started.
    Just hope the banks become good and the shares pay a lot back etc.

    Cutbacks, they could start with quangoes and backroom civil service staff.
    Hopefully it will not impact front line staff to much.
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