Depends on the viewpoint. The planned increases in national insurance from Labour and Lib Dem will directly afect the number of new jobs I create. This will be replicated by thousands of businesses across the land. The country needs jobs to be created to get us out of this, and imho the NI increases will hamper this.
Things may not get better overall, but the policies of tax and spend have got us nowhere. Spending our way out of this mess simply will not work, not when our debt is so high already. The harsh truth is that the ridiculous levels of spending have now got to be reigned in. This has to be coupled with the relaxing of taxes in some areas to allow job growth and more cash in peoples pockets who can then spend it themselves to get the economy moving again.
Raise taxes and keep spending like we are and people shut down. They save (even though interest rates dont give them anything in return) - they put off any luxuries and they keep the cash to themselves, or pay extra off their mortgadges while the rates are low.
+1