Tax cuts are talk of the town
It's press conference morning here in Westminster and tax cuts are the talk of the town. with an 8.30am announcement of his plan to give employers a National Insurance holiday if they take people onto their payrolls. Gordon Brown is now arguing the case for a fiscal stimulus as I write. Nick Clegg claims they're both running to catch up with the Lib Dems.
The Tories, however, are carving out a distinctive line: alone among the major parties in Britain (perhaps in the democratic world) they are setting their face against a fiscal stimulus. They think we're borrowing enough already; so every tax cut they propose is balanced by savings or extra tax elsewhere, which means their plans do not add to extra demand.
Certainly distinctive, perhaps even bold (the Tories did promise us "sound money" at their conference). But is it right? 
Governments across the world are resorting to Kenysian pump-priming to mitigate the impact of the recession. So why are the Tories carving out different territory? That's what we'll be asking Shadow Chancellor, George Osborne this morning, along with a few other matters!
So join us at Noon for the Daily Politics on ³ÉÈË¿ìÊÖ2.
Comments
or to comment.