Well, it's a start. Hopefully there are more spending cuts to come - but those would probably be in areas where more work needs to be done to identify where the cuts should be made (e.g. welfare, defence).
There's a clever little app on the BBC website which allows you to play with sliders to see how you would deal with the deficit. You can criticise it for leaving out certain things (income taxes for one), but it does serve to illustrate what a mess the public finances are in. http://news.bbc.co.uk/1/hi/business/10373060.stm . Playing around with it probably tells you that this Budget hasn't gone far enough (yet).
Would be interested to see what else people think should have been cut (or cut further) or what taxes should have gone up. Or maybe whether we should have adopted the Greek way of dealing with an unmanageable budget deficit.
no subject
There's a clever little app on the BBC website which allows you to play with sliders to see how you would deal with the deficit. You can criticise it for leaving out certain things (income taxes for one), but it does serve to illustrate what a mess the public finances are in. http://news.bbc.co.uk/1/hi/business/10373060.stm . Playing around with it probably tells you that this Budget hasn't gone far enough (yet).
Would be interested to see what else people think should have been cut (or cut further) or what taxes should have gone up. Or maybe whether we should have adopted the Greek way of dealing with an unmanageable budget deficit.