Electoral desperation is never a good place from which to make major decisions on the future of our tax system. There are better, more cost effective, ways to show the Government is aligned to the public’s priorities.
We all like lower taxes and backing British business – but that is no excuse for not delivering on getting inflation down and delivering on economic growth.
We are a services superpower second only to the US. That doesn’t just mean banking, but also the creative industries, legal services, architecture and consultant engineering.
Hunt may not be looking for tax rises. But tax rises might be looking for him, as borrowing costs may continue to soar.
The fourth part of our series on reducing demand for government, in which we set out a programme for change – focused on families, civil society and government.
It really should not need pointing out but it is less than a year ago that the UK became an international laughing stock when we pursued a policy of unfunded tax cuts and spooked the markets.
The sad truth is that until Tory MPs – and members – get serious about the trade-offs required for the long-term sustainability of the public finances, tax cuts will remain a pipe dream, and Britain’s economic position will continue to deteriorate.
The measure is just the tip of the British state’s anti-family iceberg. But as with so many of our other problems, it commands strong (if short-sighted) public support.
When he became Chancellor in 1983, he inherited an income tax system that had its roots deep in the 19th Century. It was crying out for reform.
The Government needs to cut taxes and do more to support domestic producers, not strangle the economy to master inflation.
“I’m a low-tax conservative”, the Prime Minister says in response to a question from one of our readers.
A hypothetical, perfectly average 58-year-old could have increased their wealth by 40 per cent between 2017 and 2022, and paid very little tax, all by following the rules.
“Why do we still impose VAT on domestic fuel when domestic fuel is too expensive, and then give people bigger subsidies?”
Have we got to the stage where it is now considered beyond the pale to employ the services of an accountant or advisor to minimise one’s tax bill?
Why should a tiny minority of taxpayers domiciled in other countries pay the Treasury for money they earn elsewhere?