Well CityUnslicker's really.
(Bill Quango is at home claiming the last of his expenses after yesterday's shock annoucnemnt)
- End public sector pension schemes from today onwards and announce that any new public sector worker will be on a defined contribution scheme like in the private sector.
- Move MP's to defined contribution pension scheme from beginning of next parliament.
- There are over 1000 quango's, promise to close at least 250 throughout the course of this budgetary year.
- Re-impose stamp duty and do not support the housing market. next year, when prices have stabilised will be the time to support this action.
- Increase VAT back to 17.5% as this policy clearly failed.
- Small rises in alocohol and tobacco taxes
- End child benefit for higher earning couples
- Do not encourage people to buy more cars
- Do not raid private sector pensions again when the 1997 raid destroyed the best system in the Western World.
- Don't raise any extra taxes on income, allow people to spend what they have.
- Do not encourage saving this year by raising isa thresholds more than the minimum. Announce a large increase for next year.
-Do not move tax bands with wage inflation, leave them the same, 'reward' those in work.
- Use the savings/tax rises to pay down potential borrowing and at least try and balance the books. Do not issue £200 billion of long-dated guilts that will saddle my toddler children with debt.
That is what I would do, I will not be surprised to see this as the diamtetric of what Darling proposes