This election has found the next generation as committed to spending other people’s money as their elders. This will catch up with them in the end.
Posts Tagged: Deficit
“Austerity is not a choice. Austerity is what happens when you have a deficit. And we still have one of £50 billion.”
She cannot be a stationary establishment figure when faced with the restless mood of the voting public. She must move forwards – or we risk a 1997-style wipeout.
Labour’s handouts must be exposed as a self-defeating deception – as must the danger of what happens when “there is no money left”.
Her new administration would be on the right side on the big issues – Brexit, immigration, Islamism; and would likely feel its way towards the right answer on the economy and trade.
The second article in our mini-series series focusing on the topic of intergenerational fairness argues that none of us cannot afford to neglect the young.
John O’Connell: The Tory Manifesto. It should commit to scrapping HS2, ending the triple lock – and reforming the NHS.
This first piece of a mini-series on what should be in the manifesto argues that the Conservatives must get serious about living within our means.
James Cartlidge: The devastating truth at the heart of the NICs row. We’re palming difficult decisions off on the next generation.
We may be rowing back to defend one promise. But another more fundamental promise to the future is actually at stake.
David Gauke: This is a Budget for resilience, skills and fairness – and our changes to NICs are fair
Self-employed people earning less than £15,900 a year will still see a reduction in their NICs bill, and also benefit from the increased income tax personal allowance.
Only a constitutional referendum lock, safeguarded by the Queen, can protect us from the left-wing coalition that could take power in 2020.
Our survey. Over half Tory member respondents back Hammond’s deficit reduction timetable. Almost one in three want it speeded up.
If our survey’s findings are representative, this majority either agrees with the Chancellor or is in unity mode or both.
Our current deficit could easily double in a less benign economic climate. Failure to take tough action would be reckless.
Plus: Is Hammond’s deficit reduction strategy right? Is Trump a good or bad thing? And should May call a snap election?
Ryan Shorthouse: Balancing the budget. Make private schools pay VAT. End ring-fencing. Charge for missed GP appointments.
The second piece in our pre-Budget series on how to eliminate the structural deficit.
Hammond was right to postpone the date by which he aims to achieve a balanced budget. But whether or not Tory MPs really have the appetite for one is doubtful.