So rumour has it that Brown is considering two “excessive” risks with our economy and our prosperity – and even with our children’s futures.
He is apparently considering the desperate move of printing more money.
Worse still, it is apparent that Brown may consider a tax cut prior to a general election. This is more disturbing considering that no one has yet had the guts to have a proper tax cuts (i.e. on earned income) – so far all Cameron has offered is a tax cut on savings (effectively, interest on wealth) because of the short-term problem of low interest rates on bank accounts.
The Taxpayers’ Alliance long ago won the argument on tax cuts — and on the need for a sizeable cut in the basic rate of income tax — but it’s clear the Tories don’t have the guts or the ideology to offer this. Bigger fools they if Brown beats them to it.
Mountjoy
scop said
Printing money is just ridiculous. Tax cuts can work but they have to get the sums right to make it work and give confidence. This can be for individuals and/or business. Which ever will get the money moving around.
Mountjoy said
When these £1 trillion bailouts fail, they will end up printing money .. or the government defaulting on the debt .. worrying.