The truth behind Labour and Tory cuts

They won't tell you the truth because it's horrible and you won't vote for them if they did. The facts are these: there's a trillion pounds of debt and just to pay the interest on that lot comes to fifty billion every year: if we don't also start paying the capital on this debt to the tune of about another fifty billion a year then the world will stop lending to us and force Britain into bankrupty. Take into account much lower recession tax receipts and this country is looking at having to find over £100billion in cuts or new taxes quickly. Imagine! That's the equivalent of getting rid of the whole NHS and forcing each of us to get insurance US style! or eliminating the whole welfare system for those out of work and in need. Or in tax terms it means doubling VAT rates to 40%, or the same with the basic tax rate - from 20% to 40%. Can we trust any party to find real cuts? No way. Can we expect swingeing tax rises that hurt everybody except the super rich, bureaucrats and politicians? Oh yes! My guess is that it will be done with stealth taxes being hiked on the back of 'GREEN MEASURES': doubling transport costs, including air travel, doubling energy costs. Think of an indirect tax that could have a green label stuck on it and double it; then you'll be close to the real horror of what's to come.
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