Thank you everybody who took part in last week's Fun Online Poll. With a good turnout, the result was as follows:
Would you be happy for the government to eliminate the deficit by reducing spending 2003-04 levels?
Yes - 85%
No - 9%
Other, please specify - 5%
So that's the deficit sorted out then; they could keep taxes at their current levels and eliminate the annual deficit by dusting down departmental budgets for 2003-04, indexing them up for inflation at 3% a year and Bob's your uncle.
A couple of disgruntleds said they'd prefer to go even further back than that, let's say to the 1990's, when government spending was a sixth lower than in 2003-04 (the 1997-2001 Labour government did not run a deficit or increase taxes unduly), but that wasn't the question. I'm not holding the 2003-04 budget as a shining example of sensible small-government spending (it wasn't), that just happens to be the most recent year in which spending, adjusted for inflation, would match forecast tax receipts for 2012-13.
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This week's Fun Online Poll: "On a scale of one to ten, how chucklesome did you find Chris Huhne's resignation?"
Vote here or use the widget in the sidebar.
Filed under "What could possibly go wrong?"
14 hours ago
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