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: Corporation Tax
David Green: Wealth extraction, not wealth creation. The Morrisons takeoever – and why government should be prepared to intervene.
A careful reading of Hayek and Adam Smith will confirm that neither was invariably opposed to state action.
The problem is that spiralling spending demands quickly use up the options which voters don’t notice. Eventually you need other big sources of revenue,
Matt Kilcoyne: The G7’s aim to establish a global tax cartel is at odds with national independence. It deserves to fail.
Why should a Conservative want to create a ratchet effect that only ends up with higher rates?
The centre isn’t where he or ConservativeHome or anyone else wants it to be. It’s where it is – “Far From Notting Hill”.
What we need is to promote a higher wage, higher productivity economy. Our economic targets should reflect those aims.
The Conservatives should think about the implications of what would happen if Labour got serious on this issue.
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.
Evidence does not suggest Britain is at the sweet spot on the Laffer Curve where raising it will cut revenue, nor that doing so will harm investment.
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.
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.
The Budget should be a big reset moment for post-Brexit, post-Covid Britain. It risks being lost amidst a rush to tax rises.
It will probe whether or or not Sunak can prepare the country for that future – and perhaps succeed Johnson himself, “one fine day”.