UK general government gross debt was £2,365.4 billion at the end of Quarter 1 (Jan to Mar) 2022, equivalent to 99.6% of gross domestic product (GDP). UK general government deficit (or net borrowing) was £15.8 billion in Quarter 1 2022, equivalent to 2.6% of GDP. In 2022 British government debt rose to its highest level in almost 60 years. Government borrowing increased to 20 billion pounds in September, 2.2 billion pounds more than in September 2021 and 5.2 billion pounds more than forecast in March by the independent Office for Budget Responsibility, the ONS said.
No increase taxes on the rich and corporations eliminate loopholes, reduce corrupt foreign aid and reduce Mp salary and benefits in line with average or minimum wage.
@9LNSGGB1wk1W
yes, by reducing salaries of officials. also tax corporations and reduce military spending for a more mixed solution
@9LH5NBG2wks2W
debt for capital infrastructure is good. Not for anything else, so depends on what we're going in to debt for.
@9LG823B2wks2W
No, increase tax on large corporations, close tax loops and increase tax slightly across all brackets bit significantly for richer brackets.
@9FV53687mos7MO
Reduce Government salaries, reduce military spending, tax the rich, increase taxes on multinationals
@9FJZ92G7mos7MO
No, the government should create nationalised services to compete with private companies with the profit supplementing government budgets.
@9FJDTR37mos7MO
Yes but focus on cutting welfare before all other services
@9FDZHZN7mos7MO
Revise foreign spending to countries that don't require funding
@9DQ5V3T8mos8MO
No, focus on eradicating the corruption and the loopholes
@9DNKNMB8mos8MO
I think an increase to military spending and a reduction in bureaucratic operation is need. Government officials should take massive pay cuts and their staff should be slashed
@9D7GRBK9mos9MO
No, consistent with the Modern Monetary Theory framework
@9D76PBH9mos9MO
Depends on the severity of the national debt
@9D579WW9mos9MO
No debts so big nothing we can do can pay it off
@9D3SWV69mos9MO
No, reduce military spending, end tax evasion, and increase taxation on large multinational corporations.
@9D2TB3SConservative9mos9MO
Yes. But not to education, NHS, military or public transport. These should be checked regularly to see if any money is being wasted though.
@9CYFBXS9mos9MO
It depends upon circumstanced
@9CH8XDCCount Binface10mos10MO
No, raise taxes on wealthy and corporations and reduce military and police spending
@9C5K8VF11mos11MO
Slightly but mainly focus on ending tax evasion and increase tax on wealthy
@9C369XV11mos11MO
increase taxes on large multinational private corporations and the wealthy instead and focus on ending tax evasion
@99ZX9JK1yr1Y
No, just wait for a global financial crisis and default on our debt then.
@99Y66PN1yr1Y
Yes, Reduce payments to benefits and social care
@99WVTY51yr1Y
Yes but ensure the NHS does not go away.
@99W72D51yr1Y
Tax the rich, stop tax evasion, tax large corporations, reduce politicans spending on the tax payer
@99VBMXG1yr1Y
No, increase taxes on the wealthy, and on multinational corporations, and reduce military spending instead
@99T36271yr1Y
Reduce tax evasion and cut waste.
@99G7XQ41yr1Y
No. There are much better ways to save money by reforming public services and reducing costs like foreign aid and government salaries
@99DYGS51yr1Y
No, but focus on cutting uneccessary overspending such as military spending, and prevent tax loopholes.
@99D64CK1yr1Y
No, increase taxes on wealthy, large corporations and end tax evasion and avoidance
@9956PHJ1yr1Y
Yes, all funds for public spending should be put towards a universal basic income
@994ZCFM1yr1Y
Yes, by drastically reducing the benefits and salaries of government officials, reducing the number of government officials, and reducing military spending.
@98WPQDS1yr1Y
No, their should be greater taxation on corporations, the highest earners, the Royal family and governmental projects should be paused and money moved to support the public sector.
@98WG4GF1yr1Y
No, but it needs a total overhaul, and management system in place
@rosball220501Labour1yr1Y
No. Cutting public spending might help reduce the debt slightly, but it will cause more problems in the long run; it is akin to kicking the can down the road. Taxes should be raised on the wealthy and corporations, to ensure they pay their fair share.
@98QMPP51yr1Y
No - reduce military spending, increase taxes on the wealthy, and end big business tax evasion.
no, increases taxes on the rich, stop letting them jump through loopholes, stop letting politicians do what they want with taxes, and increase taxes on multinational, multimillion/billion companies
@98G8SSC1yr1Y
Yes, but only on unnecessary investments (e.g.HS2) or welfare benefits for people who could be in work. Not cutting funds to health care or education.
@98BB8NS1yr1Y
No reduce military spending, reduce MP and ministerial salaries/benefits, increases taxes on the wealthy and increase corporation tax
@98243CW1yr1Y
No, increase taxes on the rich, increase taxes on large multinational corporations, reduce military spending, reduce benefits and salaries of government officials until the debt is eradicated then slowly reintroduce these policies. [lowering taxes/spending more on the military and so forth]
@97ZC8B21yr1Y
@97PXSY51yr1Y
No, increase the taxes on the wealthy and large multinational corporations and end tax evasion
@97LR76W1yr1Y
fyes and you might as well solve tax evasion and tax loop holes
@974V27WConservative1yr1Y
No, cuts to public spending hurt the economy and decline the quality of life
@9742XXX1yr1Y
Agree with all of the 'no' boxes
No, higher taxes and reducing tax evasion would fix the problem.
@96X5V8M2yrs2Y
No, increase taxes on the wealthy and large, multinational corporations instead
@96QXS7K2yrs2Y
Stop wasting £5 million a day on housing and catering for illegal immigrants.
@96Q59YL2yrs2Y
Yes, and increase taxes for the short term
@96PFBMP2yrs2Y
Stricter means testing on benefits.
@96NWMXD2yrs2Y
Lower bonuses paid to government officials as a start
@96NW5T72yrs2Y
No cuts to public spending will negatively affect the economy, instead:
reduce the benefits and salaries of some government officials and reduce their numbers only where considered necessary
reduce military spending
end tax evasion
increase taxes on the wealthy
increase taxes on large multinational corporations
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