The problem with making massive cuts is public staffing is that you suddenly make several thousand people unemployed, flooding an already difficult job market with more people, and those people you make redundant you will have to pay redundancy and then pay them in welfare benefits. On the other hand the public purse cannot carry on spending at the rates it is, and needs to cut back on the bulk. The problem is that when the choice comes to who loses their jobs, as far as I can tell it's the people on the highest wages that decide, and they won't make themselves or their well paid mates redundant, so they will make the front line staff redundant first.
Supermarkets like ADSA and Tesco announced record profits, yet they employ the largest percentage of people who require government benefits to top their wages up.
In the 70's and 80's something like 30% of the workforce was employed in manufacturing, now I believe it's less than 10%, possibly as low as 5%. That's because the cost of living in this country is so high, so the cost of the manual workforce is high, in places like India the cost of living is much lower, and so the cost of the workforce is much lower, for the same work. So many companies will move they manufacturing to a cheaper country. Now you still have the same workforce in this country, but less jobs for them to do.
We currently tax business at 20% I believe, Singapore charges 5%, Ireland charges 12.5% if I am correct, so all the buinesses that earn the big money offshore their funds to avoid tax, and run it all through places like Singapore. If we reduce the TAX bill, then they will move more or all of their money back into this country, so we will end up getting more than we do at the moment in tax. As for the wealthy people, well I am sure there are ways that you can tighen up the system to ensure they cannot avoid paying their fair share of TAX. I saw a story the other day that claimed someone earning £300k per year can pay less tax than someone earning £50k, shocking init!
No doubt there are tough choices to be made, there is a large debt to be paid off, and we are all in it together, it's just that some have to swim, others have boats, and it's the ones with the boats that make the choices on how much swimming everyone else has to do, they can off course get rid of their boats and swim with everyone else, but that would ruin the saville row suit....
Vote Hunar, **** 'em!