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Real cuts needed
A YEAR ago, I warned readers that Government policy would stall the economy, but not for the reason most politicians suppose.
The problem is not that the Government has cut public spending too much, too soon or on the wrong things. The problems we face are because we have had decades of too much public spending, far more than we can sustain.
Real deep cuts need to be made to revive the economy by growth of the private sector. We have barely scratched the surface of massive deficit spending; we borrowed £8 billion last month.
The Government spends nearly 50 per cent of GDP. This is unsustainable and 20 per cent VAT is crippling the economy, especially retailers.
We must put money back into peoples’ pockets via lower tax.
Before the usual reaction from the bloated public sector, let me show a few ways of doing it.
Immediately stop £25 million per day to “foreign aid”; £38 million per day to the EU; £12 billion per year on fake charities and £40 billion per year on quangos. Cap fatcat public-sector salaries at the town hall.
We do not need to sack nurses, teachers, soldiers or policemen to get our house in order.
Godfrey Bloom, UKIP MEP for Yorkshire and North Lincolnshire.