Sunday, September 19, 2010

Hitting Tax Avoidance and Cutting Red Tape part of deficit reduction - Alexander.

Danny Alexander's speech this morning in Liverpool was well attended as he outlined that although going into coalition was not the easy thing to do, it was the right thing to do.

Reading some of the revelations from recent political memoirs, Danny explained that we have replaced One party at war with itself - with Two parties working together for the good of the country.

Danny also outlined a few things the Government is going to do to balance the budget. Necessary as the previous Government borrowed one pound in four that it spent, doubling the national debt and left us with the biggest deficit in the G20. We have to clean up Labour’s mess to get the economy moving.

A key announcement is the plan to crackdown on Tax Avoidance, bringing in £7Bn over the term of Parliament; this will include higher earners using tax avoidance schemes which may prove popular with the rest of us who want to know we are not the only ones sharing the burden.

Many targets and red tape in the public sector will be scrapped, empowering public servants, saving money and improving services. The vast amount of waste and shear frustration from the police, teachers and the medical profession was a theme I came across time and again during the general election.

These announcements won’t take away all the pain of the cuts to come, but at least a couple of areas I wanted to see addressed, tax avoidance and wasteful beaurocracy will be included in the plan.

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