Posted tagged ‘UK Budget’

Virtual UK Budget

April 22, 2009

Here is my UK budget.

Tax those earning more than £200,000 per year at 50%.

End occupation of Afghanistan and Iraq, saving £4.5 Bn a year.

Scrap Trident nuclear weapon programme, saving £70 Bn.

Scrap ID cards, saving £9 Bn.

Pass the baton on the Olympics. Use the savings to properly regenerate East London.

The UK government will issue bonds using money generated by itself, not borrowed from the Bank of England which then has to be repaid with interest.

Public sector cuts: Abolish all political Special Advisors, saving £6 million per year.

Don’t re-inflate the housing market. Let average house prices come back into line with the hirstoric level of three times av. earnings.

It’s a start.