A tough one

[Bagpuss]

All this spending on the banks, someone wil have to pay. Add to that falling tax receipts from the shirinking economy, rising unemployment/bancrupcy/repos.
Say the Tories do get in. Allmost certainly they will have to put up taxes in some significant manner, probably indirectly, or make some stark choices i.e. slash benefit spending. A new economic reasoning is called for. When times get hard we can't continue to maintain the lifestyles of those who do not even want to work/never have, not when the QOL of honest working people and families may fall to a level below that.

[Cyberman]

People voted for a Labour government despite a trip to the IMF in 1976 under similar circumstances. They deserve what they get.

[expat]

All this spending on the banks, someone wil have to pay. Add to that falling tax receipts from the shirinking economy, rising unemployment/bancrupcy/repos.
Say the Tories do get in. Allmost certainly they will have to put up taxes in some significant manner, probably indirectly, or make some stark choices i.e. slash benefit spending. A new economic reasoning is called for. When times get hard we can't continue to maintain the lifestyles of those who do not even want to work/never have, not when the QOL of honest working people and families may fall to a level below that.

So the poorest will have to become poorer still, to pay for the excesses of the wealthy. With regret, of course. It's only fair.

[TheBigYinJames]

Say the Tories do get in. Allmost certainly they will have to put up taxes in some significant manner

Definitely, the first Tory term is going to be austere indeed, so don't expect any measure which reduce revenue, such as abolition of IR35 in the short term.

[BrilloPad]

Do what the tories did in 1982. When policies make it look like you will lose election - start a war.

[BrilloPad]

So the poorest will have to become poorer still, to pay for the excesses of the wealthy. With regret, of course. It's only fair.

I still think that the great depression was caused by inequality of wealth. And there could be alot of equalization soon. To the lowest level.....

[AlfredJPruffock]

Definitely, the first Tory term is going to be austere indeed, so don't expect any measure which reduce revenue, such as abolition of IR35 in the short term.

How can the Tories possbily win as the entire UK Banking system has been Nationalised ?

With the death of the FreeMarket the reality is - for the Tories - the election is already over.

[sasguru]

Any party that gets in will have to create demand by spending - this is not an ideological issue but an economic one. In all previous serious downturns in different countries, it's the government that got things moving again.
Roosevelt's New Deal, the Nazi autobahn program etc. Obviously a world war would help too.

[d000hg]

The rich still have a lot of money... maybe we'll see the high income tax rate rise to 75% (it was Labour who had it at 98% or some crazy amount once?)

[BoredBloke]

Definitely, the first Tory term is going to be austere indeed, so don't expect any measure which reduce revenue, such as abolition of IR35 in the short term.

Does IR35 actually produce a net gain in taxes. I'd have thought that regular cour cases, often leading to defeat mean that the small amount it raises gets eaten away by the costs of enforcing it - although I suppose it does keep a few people in 'work'