Darling said:
Take £21 billion out of the economy and it's bound to have an effect.Does the Chancellor really think that the economy consists solely of the state sector? What's being proposed is the transfer of money from the less productive part of the economy to the more productive part with a resulting increase in overall welfare.
(Needless to say, I don't believe for a moment that the Tories actually would cut the level of taxation.)
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Colin Finlay
Leftists justly despise the British citizens whom they dupe and gull with impunity. However, as the appalling defacement of British society remained undisturbed by years of Tory rule, we must conclude that the only thing which the Conservative Party is capable of conserving is money.
26 August 2007, 01:11:46 GMT+01:00
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David Gillies
The Inland Revenue count untaxed income as foregone revenue. And of course a socialist counts a pound fructifying in your pocket as a pound he can't spend on Lesbian Hang-gliding Outreach Counsellors. They need bayoneting, every man jack of 'em.
22 August 2007, 06:56:51 GMT+01:00
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David Farrer
Chris
I wrote it down as soon as I heard it as I was quite shocked to put it mildly.
Then I decided to check it out. It was still on the BBC recording of the news last night and that's indeed what he said.
19 August 2007, 12:43:27 GMT+01:00
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chris
This is breathtakingly stupid. Even within bog-standard Keynesianism, tax cuts are regarded as an injection into the economy.
I know of no theory that says tax cuts take money out of the economy.
If you heard him right, he's not fit to be an A-level student, let alone Chancellor.
19 August 2007, 10:31:41 GMT+01:00
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Title: Why don't we just abolish the income tax?
Excerpt: Whew! In a bold statement of intent, the Tories said today they will consider cutting taxes. Wear them medals with pride, boys. You've earned them. Predictably Labour are calling proposals - mere proposals, not policy mark you - to trim a mere £14b...
Blog name: The Debatable Land
17 August 2007, 14:31:26 GMT+01:00
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