Tax cuts are essential for combating social breakdown

Fraser Nelson, writing in the most recent issue of The Spectator, observed that the Tories are seeking to focus on social policy, rather than the economy. The thinking behind this is that Labour’s opinion poll ratings are already sliding as its record for economic competence has been lost.

However, it would utterly foolish of an incoming Government not to tackle the economic problems that underlie much of the country’s social breakdown.

Tax cuts for lower-income workers, and abandoning the absurd commitment to sticking to Labour’s spending plans, are advocated by Tim Montgomerie in an excellent article in today’s Telegraph. Tim demonstrates again why he should be an MP, if not in 2010 then at least in 2014/15, and a future Cabinet Minister. His proposals should become Conservative policy.

Many public sector low-income workers (e.g. £13k a year), as trade unionist Mark Serowtka rightly pointed out last night on Newsnight, are suffering from rising prices and the impact of Bank of England interest rate policy on their mortgages, and are understandably demanding wage increases - possibly indicating a number of strikes.

The danger is that high-tax statists could dictate the policy and preclude tax cuts in favour of increased public spending (and, therefore, by implication lower economic growth, real income and living standards), leading to a failure to get out of the economic morass that Brownian policy has created). There’s no point Osborne (or whoever the next Conservative Shadow Chancellor is) becoming another Alistair Darling.

Source: thewiltedrose

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.