Osborne promises or is that threatens further cuts

Do you trust this man?

Op-ed: British Chancellor George Osborne in China on another trade mission has delivered a warning to folks back in the UK to expect more cuts in his next budget scheduled for Wednesday March 16, 2016.

There are likely to be existing cuts in the pipeline. With each budget some changes are announced for the next financial year or another date in the future and most of the electorate have soon forgotten what may be just around the corner.

Last year was a bumper year for Tory budgets; that was at least one "growth industry."

When to the surprise of the Tories they won the 2015 general election an emergency budget was quickly scheduled.

Friday Osborne told BBC political editor Laura Kuenssberg, viewed by many as a Tory mouthpiece, that he may have to make fresh cuts to public spending in the upcoming budget.

BBC News reports he told her that "global economic turmoil and slower growth meant "we may need to undertake further reductions”.” Mr Osborne slowed the pace of spending cuts in his November spending review" apparently.

That would have been for politically selfish reasons.

Osborne along with his cabinet colleagues plays the British public to suit. In the autumn statement he "dramatically ditched controversial plans to raise £4.4billion from tax credits paid to the poorest working families" after a cross party outcry and protests from around the UK about his planned reforms.

He also did a U turn on police spending cuts instead making wild promises on the back of terror attacks in France.

Osborne claimed he was able to do all of this because of better than expected growth forecasts and higher tax receipts.

Now Osborne is citing a shrinking UK economy as reason for further cuts.

The talk now is of his rainy day plan even though figures already indicate it is bucketing it down with rain. About a spending plan that is based on what we can afford but will no doubt include hefty military costs due to our involvement in conflicts abroad, lower taxes for the wealthy, less financial help for the poor and vulnerable and Tory party donor payback at the expense of us all.

You can read Osborne's exclusive BBC interview here.

In that interview Osborne explains the Tory plan, at least in a fashion, and says "So that's what our plan is rooted in and it may require further reductions in spending. I'll address that in the Budget but people should know this of me: I will do what is required to keep our country safe and secure."

Please note a few headlines and mainstream media reports:

• MPs are to receive a 1.3% pay rise from April, taking their salary to £74,962. This is on top of a 10% rise decided in August and backdated to the general election.
• Corporation Tax-The CT main rate for 1 April 2016 is set at 20%. This measure reduces the rate to 19% for the financial year beginning 1 April 2017 and sets it at this rate for the financial years beginning 1 April 2018 and 1 April 2019. The CT main rate will be reduced by a further 1% to 18% for the financial year beginning 1 April 2020.
• Value added tax is an 'unseen' tax often called a tax on the poor-the standard rate of VAT increased to 20% on 4 January 2011 (from 17.5%) and could increase again.
• Google and HMRC, the tax authority agreed that the company will pay an additional £130 million tax for the last decade but several experts have said that this, along with the tax it has paid, represents only around 3-5% of the profits that they think Google should be taxed on. They say that Google doesn’t pay as much tax as it should because its advertising sales are counted as taking place in Ireland rather than the UK. Their calculations have in turn been criticised for “wishful thinking” and not taking account of how the tax system works.

• July 2015- Queen set for a huge 18% pay rise with a £16MILLION payout - as public sector workers face wage freeze.
• Then in November 2015-Spending review hands the Queen a 7% pay rise despite cutting billions in public money-that represents £42.9m next year she will get this year.
• Restoration work needed to the Houses of Parliament is quoted at £7bn.

And on and on it goes.

Little wonder people distrust some politicians and also call the Tories, the Nasty Party.

Check out:
HS2 now as Osborne hands China the keys to Britain
Nothing pretty about Priti Patel as she attacks ESA

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