{"id":28429,"date":"2015-03-31T08:06:36","date_gmt":"2015-03-31T07:06:36","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=28429"},"modified":"2015-03-31T08:09:37","modified_gmt":"2015-03-31T07:09:37","slug":"camerons-cutting-1-in-every-100-claim-does-not-stack","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2015\/03\/31\/camerons-cutting-1-in-every-100-claim-does-not-stack\/","title":{"rendered":"Cameron’s cutting \u00c2\u00a31 in every \u00c2\u00a3100 claim does not stack"},"content":{"rendered":"

Cameron keeps on saying<\/a>:<\/p>\n

The government needs to find \u00a31 from every \u00a3100 it spends.<\/p><\/blockquote>\n

This is total government income and spending next year:<\/p>\n

\"Screen<\/a><\/p>\n

 <\/p>\n

For the record, income is \u00a3666 billion and spending \u00a3745 billion so there is a forecast deficit of \u00a379 billion.<\/p>\n

And Cameron says he needs to cut spending by 1% to close the gap. That's \u00a37.45 billion. Now, let's assume he does that every year, and cumulatively, because he likes five year figures right now<\/a>, that figure becomes \u00a337 billion. Or a sum that is still well under half the deficit.<\/p>\n

Now, I know George is making some heroic growth assumptions that will create extra tax revenues, but this is stretching credibility in a whole host of ways.<\/p>\n

First, he he is not cutting by \u00a31 in \u00a3100. That cannot work. He is cutting by very much more than that.<\/p>\n

Second, if that was all that was required then we would not need cuts to social security of \u00a312 billion.<\/p>\n

Third, this pattern of conflating single and multiple years is plain straight forward deceitful.<\/p>\n

Fourth, a little honesty really does help credibility and this claim is simply not honest.<\/p>\n

Fifth, is the election to be riddled with claims as dubious as this? If so, you can see why I feel like this<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cameron keeps on saying: The government needs to find \u00a31 from every \u00a3100 it spends. This is total government income and spending next year:  
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-28429","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/28429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=28429"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/28429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=28429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=28429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=28429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}