The lack of a Conservative Commons majority prevented the Chancellor from doing much more than playing it safe – which he did effectively.
Posts Tagged: Tax and Spending
It continues to clear the deficit, prepare for Brexit, and back our businesses with the support they need to boost productivity.
Hammond’s plan – from abolishing Stamp Duty for most first-time buyers, through to reforms to help Universal Credit recipients.
George Freeman: We need a new Chairman and team at CCHQ to lead a radical programme of Conservative renewal
Let’s have Policy Board outside of the constraints of the Government machine – and a commission on what Britain should look like post-Brexit.
Given the resistance of Tory MPs to spending cuts and tax rises, Hammond’s easiest course would be to push any into the future. But this wouldn’t be problem-free…
Spreadsheet Phil must become Storyteller Phil – if his Budget is to succeed where the Tory conference failed
The Chancellor needs to help deliver the sense of direction so strikingly absent in Manchester last month, and indeed since last June’s election.
Ideas for the Budget 5) James Kirkup: Ditch the surplus target. Build new towns. Raise inheritance taxes and boost universal credit.
The Social Market Foundation isn’t tied to any party. We’re centrists – our advice and ideas on offer to anyone who wants to put common sense ahead of ideology.
Diego Zuluaga: The Paradise Papers. The rich are paying more tax than ever – and tax havens are a force for good
For the most part, capital in offshore centres is invested, fetching rates of return far in excess of the value that most government expenditure can generate.
To reduce investment in infrastructure or R&D is to take away from the future – just as surely as running up unsustainable debt does.
Howard Flight: Today’s Mayite Conservatives have embraced a socialist ethic – with wishy-washy, opportunistic policies.
Mercifully, there remain a few Thatcherites, even in the Cabinet, who believe in the power of liberty, responsibility, commerce and voluntary action.
Lord Ashcroft: The general election. How the Conservatives damaged their reputation for competence without gaining one for compassion.
Nearly everything believed to exercise Labour more than the Tories was also named more often as a priority for “me and my family” than for Britain as a whole.
James Bundy: Schools, housing, social mobility – and the passionate case that Scottish Conservatives must make
Voters aren’t focusing on the constitution, but on the SNP’s record in Government. We must be ready to capitalise on this by telling then the truth.
Britain could flourish under the minimalist WTO-type settlement that seems to be his bottom line. But it is not the optimal outcome, and threatens a significant downside.
A solid but unspectacular centre-right Prime Minister, with a good economic record, is trying to fight off a charismatic, high-spending challenge from the left.
Between 1997 and 2005, public sector spending rose from £336 billion to £517 billion a year. But its output has increased little, so its productivity has fallen dramatically.