Sunday, June 20, 2010

Ruin or Recovery ?- Emergency Budget



BBC News: Reports on remarks by the Chancellor of the Exchequer Mr George Osborne that the country was on the way to ruin without the Emergency Budget of Tuesday. Thus folks the groundwork for the harsh budget on Tuesday, thus what are my predictions, well folks, 1. A freeze on benefits, from child benefits to unemployment benefits, 2. A raise in VAT to around 19% 3. Capital Gain Tax to raise but over a period of five years, 4. Income Tax could go up by 1p, 5. Those earning over twenty five thousand will lose any child benefits, 6. Public Spending outside the NHS will see drastic cuts, 7. Those on welfare benefits will be pushed in to work, or lose their benefits, 8. A review of non serious NHS spending, cosmetic surgery and should people for this benefit, 9. A raise in beer and spirits and cigarettes 10. A review in to many Government projects and there VETO. Yes austerity UK is open for business.

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