Thread: Tax Cuts!
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Old 23-11-2008, 09:38   #18
jaysay
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Re: Tax Cuts!

The only thing with these tax cuts is the massive borrowing to pay for it, we are already in debt to the tune of around £60 billion (the biggest debt in our history) and we will have to pay it back. Its the idea that by putting more money in the pockets of the the less fortunate, they will spend more, but will they. A lot of the people in this category are pensioners, who are far more thrifty than most and are likely to put the money away in order to pay for things when the inevitable increases appear
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