The chancellor said “decisive action” to raise VAT and cut spending would boost confidence in the economy.
He also said spending cuts might be reduced if more savings could be found in the welfare budget.
He further added;
“But by increasing the personal income tax allowance for people on the basic rate what I have done is tried to protect low and middle income earners, people who are in work, I wanted to reward work.”
So the dismantling of the welfare state is to continue, those less able to defend themselves are under a sustained Tory attack to support middle class families. Do you realise that someone earning over £30,000 a year, that’s around £600 a week are still getting Tax Credits from the state, while the unemployed and those on other benefits are to be subject to cuts! Hell even the yearly increase in benefits have been fiddled to ensure those on the breadline stay there, by changed from the RPI rate to the CPI which is the lower of the two.
The hidden agenda the Tory LibDEm coalition has is to punish the poor and those not in work, it’s almost like a return to the workhouse where conditions were intentionally made unbearable to dissuade the poor from seeking help.