In 2014, total government spending fell to 35% of GDP, down from 45% in 2009-10. Economists predict that the British government will have to continue to cut spending if it would like to balance its budget by 2020. The Independent Institute for Fiscal Studies said the government would have to raise taxes by £21billion or cut welfare spending which will rise to 1/3rd of all spending by 2020.
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
Improve efficiency of public spending and cut where efficiencies can be made. Make NHS treatments for uk residents or leave to remain only and reduce free healthcare for those that can afford it on minor ailments where they are easily treated cheaply at home. Redistribute health spending into reducing health burden by increasing health of nation.
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