We take to Buchanan St to ask Glaswegians what they think about tax rises in the government’s recent budget.
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00:00I'm not a Labourite, but you could say they actually kept their manifesto, which was a load of nonsense anyway.
00:06I would say they're more trustworthy than the other lot.
00:09The other lot kept a lot of things hidden.
00:12And that's not to say Labour will do the same, but they've at least surfaced a lot of the things that were wrong
00:17and that could have been dealt with differently.
00:20And hard decisions have to be made, and because of the current state, somebody's got to do it.
00:26So I haven't a problem with that.
00:28Well, they haven't increased taxes.
00:30They haven't increased the ones they said they wouldn't increase, but they have increased...
00:33They've increased national insurance, which is the employer's contribution,
00:38which is not the same as increasing taxes.
00:41One would argue that it's going to have a knock-on effect to the worker
00:45and or the prices that people purchase from that company.
00:48And at the end of the day, as in all these things, it'll be the average punter that ends up paying for that.
00:53But in comparison to what you've actually said about increased taxes, that's not the case.
00:58The terminology and the actual reality is two different things.
01:03Will it have a knock-on effect to prices?
01:06Yes, of course it will, because at the end of the day, people don't want to get rid of...
01:10Companies don't want to get rid of... People don't want to lay them off.
01:13Therefore, the only way to survive is to increase prices.
01:16Yes, that's going to automatically happen.
01:18Is that a good thing or a bad thing?
01:20I think it's a shame that Labour, which is a socialist-type party, has done this.
01:25But the amount of coppers that are left within the government funding
01:30to go ahead and fund the projects that the government want to fund, if Labour that is,
01:34is now no longer there, so they're going to have to get their money's in some way.
01:38So they either increase taxes, they increase national insurance, or they increase something.
01:43So either personal tax, company tax, and or through taxation through other means such as petrol,
01:49which they actually did do, and or fuel.
01:53Or through the justice services provided through hospitals, social care, education.
01:56And they're not going to do that either.
01:59And I think one would argue that they actually, because they do want to support the NHS
02:04because of what it stands for, would suggest that they have to get their money from somewhere.
02:09There is a massive deficit.
02:11The other thing that people have generally forgotten is that they've actually increased the amount of borrowing they did.
02:17To offset the amount of taxation.