#fiscal-consolidation

#fiscal-consolidation

Business leaders, policymakers, and investors are growing increasingly concerned by the United States's borrowing burden, currently sitting at $38.15 trillion. The worry isn't necessarily the size of this debt, but rather America's debt-to-GDP ratio-and hence, its ability to convince investors that it can reliably pay back that debt. It currently stands at about 120%. To reduce that ratio requires either GDP to increase or scaling down the debt. On the latter end, this could include cutting public spending.

But I do think those with the broadest shoulders should pay their fair share of tax and I think you can see that from my actions last year at the budget. She added: I want the UK to remain an attractive place, but we've got to get the balance right and I do think that if Britain is your home you should pay your taxes here.

Asked about what he would do as chancellor, Tice said the party's priority would be to focus on savings and cutting regulation. "We have to focus on the savings because regrettably the finances of this country are in terrible, terrible trouble," he told BBC Radio 4's Today programme. "We will have to deal with whatever nightmare situation the government finances are in at the time of the next general election."