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: Tax and Spending
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.
Bim Afolami: The big question facing Johnson. What does fiscal conservatism mean in an age of the big state?
My view is that the only way to help square this circle is to rediscover our concern for public service reform.
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.
Ryan Bourne: School catch-up for the disadvantaged? Of course. But do all pupils need it? Not really. The Treasury has a point.
That schooling can improve earning potential doesn’t mean that ever-more schooling is good for all kids in the aftermath of a pandemic.
Today’s aid amendment. The champions of 0.7 per cent will win either way – if not in the Commons, then in court.
Which is what comes of the virtue-signalling practice of setting targets in law, rather than having MPs vote on expenditure.
Shrey Srivastava: Why young people should reject the folly of modern monetary theory. Along with everyone else.
Once inflation arises, reversing course is difficult. Businesses shut down or relocate, unemployment soars and we enter an economic contraction.
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.
Looked at in the round, over the 2010-2016 period, the UK had the joint highest growth for a G7 economy, level with the US.
Our fringe event with the TaxPayers’ Alliance, including Paul Scully MP, Minister for Small Business.
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.
The Budget was, if truly honest, a sign that the Government shuns spending cuts and embraces tax rises – which is ultimately unsustainable.