We can already see the damage being done to the Tory vote by the uncomfortable prospect of a near-permanent twilight state of austerity.
Posts Tagged: Fiscal Policy
“We both value public services. The difference is, on this side of the House we know you have to pay for them.”
Garvan Walshe: The Taylor review is a distraction. The real problem facing Britain is that our Welfare State is bust.
Uncomfortable though it is to admit, we run our public finances like a Ponzi scheme. The only way out of this mess is to improve our terrible productivity.
Politicians who support fiscal discipline are not protecting their own interests – they’re guarding the interests of others.
Daniel Hannan: Sooner or later, you run out of spending other people’s money. And it’s young people who foot the bill.
The left cries “Growth not austerity”. Seriously, comrades, if it were that easy, don’t you think someone would have done it by now?
The Prime Minister mounted a defence of the Government’s record on the public finances.
Detoxifying the Party never meant moving to the left – this year’s manifesto was well to the left economically of anything we advocated.
According to the originators of the Labour policy, the owner of a £300,000 house would be liable for tax of £4,950 a year.
WATCH: Ici Londres – All taxes fall on people. Obvious? Not to the Labour Party, says Daniel Hannan.
Tax isn’t paid by companies, any more than the television licence is paid by televisions.
The Labour manifesto isn’t just full of bad ideas, it’s based on dubious or non-existent costings. At least it makes their grassroots happy.
“In light of what has emerged as a clear view among colleagues and a significant section of the public, I have decided not to proceed…”
Ben Roback: Trump should turn his attention to passing his budget, instead of stumbling from crisis to crisis
Republicans will need the support of some Democrats to get a budget through Congress
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?
The first piece in our mini-series on reducing the deficit explores ideas from addressing ‘grey welfare’ to closing Whitehall departments.