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: Pensions and retirement
The Government’s aid manoeuvre. Sunak retreats to advance – as he sends a signal about the future control of spending.
By reminding backbenchers of manifesto commitments on debt control, he is squaring up for battles to come over the spending review.
Chris Whiteside: Scrapping the pensions triple lock would be wrong, but not reforming it would be a missed opportunity
We should base it on an index of cumulative change in wages.
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,
But this electoral Titan has an Achilles heel – tax rises which, rather than planning or HS2, are the real threat to future Chesham & Amershams.
Interview. Therese Coffey – “An element of a kinder politics is not calling other people bigots because you don’t agree with them.”
Here’s her take on Universal Credit, science, Liverpool, same-sex marriage – and her department. “Big thanks to the Jabs Army, we are the Jobs Army.”
Caroline Abrahams: Carers need a combination of support to fulfil their vital role – here’s how the Government can play its part
In the wake of International Women’s Day, the fifth article in a five-piece series on ConservativeHome this week.
Neil Shastri-Hurst: Like a phoenix from the ashes of the Covid crisis, now is the time for a new social contract to arise
The present social contract was written when the number of taxpayers well outstripped the number of retirees. But times have changed.
Why the obsessive focus on new tax rises when we need proper spending control – in the form of a real zero-based review?
The Treasury should hold one as the year rolls on, along the lines of that undertaken by Canada’s government during the 1990s.
Modest consolidation over decades is one thing; large increases over a Parliament would be quite another.
James Frayne: Big tax rises would make Tory campaigning impossible – in Red Wall seats as well as traditionally blue ones
The public would catch up when growth slowed and redundancies rose. It would become clear that raising taxes on employers doesn’t help anyone.
Sunak’s statement tomorrow. How much like the Old Normal can we afford to make the New Normal be – or try to?
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
The Coronavirus will punch a hole in Sunak’s sums sufficient to throw levelling-up, Boosterism, Brexit bonuses – what have you – off course.
Simply scrapping higher rate tax relief would be an act of fiscal hooliganism, but the Chancellor has other options available to him.
The fourth piece in our series this week about what the Tory Manifesto should look like.