July’s Emergency Budget: Voters would swap support in later years for tax cuts today

29th June 2015


With just over a week to go until 8 July when Chancellor George Osborne unveils his emergency budget, new research from reveals how the British public wants the nation’s finances to be spent.

The research, which more than 10,000 people from across the country took part in revealed that on average, people are happy to receive less financial support from the Government in their golden years in favour of more financial freedom and lower taxes today.

It found on average, Britons would cut state support for older people, including pensions, by over £48bn while increasing the size of tax cuts by 156% to £17.9bn.

And, while Osborne is expected to announce a controversial £12bn cut to the welfare bill in his emergency budget, SunLife’s research revealed that the UK public would actually like to see him go further and cut benefits by a further £15bn, taking overall spend on welfare down by almost 25% from £110bn to £82.7bn.

Dean Lamble, managing director at SunLife said: “As the Chancellor prepares to announce his emergency budget, these findings shows that the British public has a clear view on how they think the UK’s finances should be spent.

“With an ageing UK population, pressure on areas such as welfare and state pensions will only increase. But voters – even the over 50s – told us that their biggest priorities for the new Government are to reduce spending in these areas in favour of lower taxes and more generous health, education and environment budgets. The Chancellor and all MPs could benefit considerably by taking these views into account.”

Overall the analysis revealed that the nation wants the new Government to:


More than double spending on tax cuts from £7bn to £17.9bn, an increase of 155%


Cut spending on welfare (unemployment benefit, job seeker’s allowance, child benefit and the minimum wage) by a quarter from £110bn to £82.7bn, a cut of £27.3bn – £15bn more than Osborne’s planned £12bn cut due to be announced in the emergency budget


Slash spending on older people (pensions, concessionary travel, the Winter Fuel Allowance and social care) by almost a third from £150bn to £101.7bn


Increase spending on healthcare (the NHS, social care and mental health) to £138.3bn, overtaking older people as the Government’s biggest Budget expenditure


Boost education spending by 12% to £101bn, overtaking welfare to become the nation’s third biggest spending priority


More than double the UK’s environment budget (renewable energy technologies and green subsidies) from £11bn to more than £26bn


Almost double the transport budget (spending on HS2, roads infrastructure and plans for renationalisation of the railway) from £20bn to £34.4bn


Increase the defence budget (armed forces and the UK’s nuclear deterrent, Trident) by 14.5% rise from £36bn to £41.22bn


Boost the foreign aid (supporting developing countries through grants and bilateral co-operation) spend by just under £1bn, taking it from £10bn to £10.94, a 9.4% rise


Increase the budget for front line policing, emergency services and justice spending, including the UK court system byalmost £16bn, a rise of 53%


3 thoughts on “July’s Emergency Budget: Voters would swap support in later years for tax cuts today”

  1. Jive Bunny says:

    Looks like the British public doesn’t know what it wants!!

    Cut social care on the elderly but then increase social care in health care?? Do they even begin to comprehend that most social care expenditure is via the NHS on the elderly!!!??

    We have the smallest class numbers in Western Europe, how much smaller do they want classes???!!!

    It’s time parents took responsibility, making sure their child arrives at school punctually and well fed. Their child should be made to do all their homework with no school absences so they can have a cheap holiday!! In this way, class sizes could be increased, classroom assistants dispensed with and immense savings made at no detriment to the quality of education!!!

    1. David Lilley says:

      I might write about Greece but just mention education and I am all there. Leave the room Michael Gove.
      Universal state education was introduced in 1838 at a cost of £30,000 pa. The only argument against it was “its imprisonment”. The reply was that, yes, but you get the three “Rs” and that is a net benefit. What is the net benefit from staying in education until 18? If you stay there until you are seventy you will not learn anything as valuable as the three “Rs”.
      Learn skills and concepts. Do not learn stuff. You can get stuff with a few clicks on your mobile. Learn how to use your mobile. You can get through life not knowing the capital of France is Paris. Knowing stuff should be on a need to know basis.
      Class size it immaterial. The age of the building is immaterial. Just equip pupils with life skills.
      Education, education, education magnified the gap in achievement between the public and private sector. £3,000 pa per child became £6,000 and even £10,000 in East London. That is, you could teach three children for eight months pa for less than 30 hours per week and get more than the average wage.

      1. Jive Bunny says:

        I don’t want this to turn into a Public sector vs Private Sector argument. I believe each is as wasteful as the other in different ways so no one will ever convince that one is better than the other.

        My comments relate purely to amount of social care expenditure and it’s origination, the hopeless task education has set itself trying to replace poor parenting and the overall stupidity of the British public.

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