The public have submitted over 44,000 ideas to reduce Government Spending and waste though the Treasury’s Spending Challenge website, and now it is time to vote on the best ones.
As far as tax goes suggestions range from the “do more” type which include, more compliance checks on directors and the self-employed, a stamp down on umbrella companies and general anti-avoidance measures to the “lets be inventive” type which include a new tax on packaging, legalisation of drugs (presumably so that you can then tax the proceeds) and nationalisation of the National Lottery.
Voting is open up until 31 August 2010. The most promising ideas will be taken forward as part of the Spending Review process on 20 October which will set budgets for public services for the next four years.
Get voting: http://spendingchallenge.hm-treasury.gov.uk/