The overseas aid and Universal Credit decisions suggest that, for the first time in a while, the cause of fiscal conservatism is gaining the upper hand.
Posts Tagged: Budget
David Gauke: Is Britain really set to become a low tax, less regulated, free trading, buccaneering country?
Despite a surprisingly liberal migration policy, the bulk of the post-Brexit evidence so far suggests not.
The Government can’t deliver levelling up without more supply-side change, localism and public service reform.
Providing small businesses with technology and training will accelerate our recovery from Coronavirus.
Japan, Korea, Taiwan and now China, have all invested heavily in new technologies – through government support for new industries.
And the Chancellor’s score survives the Budget relatively intact: his score is down, but there is no sudden collapse.
Fifty eight per cent think was good or very good; 34 per cent a mix of good and bad.
Iain Dale: The EU has no interest in Northern Ireland’s future prosperity. It just sees it as a mechanism to exert its power.
Plus: Say what you like about Trump, but he had a better slogan than Clinton. And: Sunak’s budget was disappointing.
The Budget was, if truly honest, a sign that the Government shuns spending cuts and embraces tax rises – which is ultimately unsustainable.
The Prime Minister listened supportively, but jiggled his right knee up and down in a manner suggestive of unbearable mental tension.
“I do want to be honest about what I mean by sustainable public finances”. Sunak’s statement. Full text.
His three part plan: protecting jobs and livelihoods. Securing the public finances. And laying foundations for the future.
Sunak is clearly the politician that alarms Labour – and the Opposition leader went for him personally over Covid and lockdowns.
WATCH: “These are significant decisions…I recognise they might not be popular.” Sunak presents his tax rises.
“Let’s consider the alternatives. The first is to do nothing. To leave our deficit problem untreated. Our debt problem for someone else in future to deal with.”
Warwick Lightfoot: Today’s Budget. Conservatives should not be afraid of public borrowing to ensure a rapid recovery.
Preventing as much long-term damage to the economy as possible now should be the Chancellor’s priority.
Ryan Bourne: Why is Sunak so taken with tax hikes – when the tax burden is forecast to be its heaviest for 70 years?
Conservative messaging implies an implicit belief that there are no major state functions ripe for reform in any fiscal repair.