Dear Nick,
here's an idea. Instead of suggesting, in some kind of ill-thought out way, that the UK should 'tax the rich more' why not do now, what we are going to have to do eventually, anyway?
That is, why not cut expenditure. From a Treasury point of view it has the same effect on the deficit! However, there is so much more open to cut than there is to tax.
Abolish the Environment and Climate Change ministry - massive savings and lower fuel bills - gets my vote!
Of course, I know that won't build your 'street cred' at your party conference but it has a better chance of actually doing something constructive!
Incidentally, isn't the Chancellor supposed to be the one formulating economic policy?
here's an idea. Instead of suggesting, in some kind of ill-thought out way, that the UK should 'tax the rich more' why not do now, what we are going to have to do eventually, anyway?
That is, why not cut expenditure. From a Treasury point of view it has the same effect on the deficit! However, there is so much more open to cut than there is to tax.
Abolish the Environment and Climate Change ministry - massive savings and lower fuel bills - gets my vote!
Of course, I know that won't build your 'street cred' at your party conference but it has a better chance of actually doing something constructive!
Incidentally, isn't the Chancellor supposed to be the one formulating economic policy?
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