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.
Grand theft Labour
33 minutes ago
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