Lol look no one on this site knows what will benefit Britain, any answer chosen will have been done so due to a personal bias or a misguided assumption.
If they had the magic answer to solve our economic woes, i'm sure that by now they would have got it heard by the powers that be. I would assume that higher taxes would be good from a purely economic stand point, but from a moral and professional one i'm not sure that it is. People work hard and to dismiss those efforts and to negate any natural talents by taxing them loads just to get Britain's books in good order would just be plainly unfair.
I'm not knowledgable enough about borrowing and its impact to even say whether i think it would be a good idea and as to the cuts, i think that from an obvious point of view they're neccesary, especially with things such as excessive red tape and unneeded bureacracy. But it does beg the question, if they're making these cuts now and Britain's still functioning, doesn't that mean that before the economic troubles hit they were just spending completely unneccesarily? With things like the NHS having its budget cut, i'm not really impressed. Ultimately, Goverments are responsible for looking after its people, its sole reason for existence was never the pursuit of economic prosperity. The NHS is the most needed and valuable public asset in Britain and to say 'this man will not get treatment for that debilitating disease or that ward will have to have neccesary jobs such as nurses cut' is a complete and utter JOKE and it symbolises to me that we have some absurd decision makers in this government.