Conservative Shadow Chancellor of the Exchequer, George Osborne, presented his plan to cut spending to eliminate the budget deficit at the Conservatice Party conference. Is it bold? No. Is it acceptable? Just. Is it enough? Not by a long shot.
His ideas are:
- One year pay freeze on all state sector employees earning more than £18k a year, excluding the Armed Forces (this includes teachers, doctors and the police);
- £50k cap on pension payments for state sector employees;
- Reducing "size of the Whitehall bureaucracy" by a third;
- Abolition of "baby bonds" and welfare tax credits for those earning over £50.
- Increase state pension age to 66 from 2016 (for men);
- NOT to abolish the forthcoming 50p tax rate on earnings over £150k;
- Increase inheritance tax allowance to £1m.
To be fair he laid it into Gordon Brown saying:
“The Iron Chancellor has turned into the plastic Prime Minister. Free social care. Free hospital parking. Free child care places. We would all like those things. But where is the money coming from? He is treating the British people like fools,”
Quite right, but whilst this is a start, I still think far more can be done as I outlined before:
1. Abolish all corporate welfare, stop trying to pick winners;
2. Lead a call to cut the EU budget at Brussels;
3. Sell Channel 4, Royal Mail and the tolled bridges/tunnels of the highway network;
4. Cancel plans for a high speed railway, no new taxpayer spending on rail infrastructure;
5. Scrap the ID card scheme;
6. Scrap a wide range of government IT projects;
7. Scrap subsidising rural broadband;
8. Abolish regional development agencies;
9. Fund Scotland on a per capita basis, forcing it to make budget cuts;
10. Eliminate additional welfare payments for those on welfare who have extra children;
11. Negotiate an end to EU welfare tourism;
12. Freeze NHS spending, introduce charges for "no shows" at appointments and charge for more than 1 GP visit a year for those between 18 and 65;
13. Freeze all public sector pay until there is a budget surplus;
14. Terminate public sector pension scheme membership growth;
15. Abolish all NEW agencies established since Labour was elected.
So far we have only number 13. 1 out of 15 George, must try harder.
and I wasnt even being libertarian.