“Tax rises may be necessary”? Not an auspicious start to the new year
We have become accustomed to regular bad news ever since ‘Age of Austerity’ style conference speeches. We need hope, not accountancy speak about cuts, pain, and deficit reduction.
But, while John Redwood has highlighted the need to cut tax on enterprise (I would add to that the working people who need to be incentivised to keep working, or to survive financially in the current climate), Iain Martin has demonstrated how the Conservative leadership doesn’t seem to know what its policies are on tax and is in a ‘tangle’.
I’ve thought long and hard about how to respond to Cameron’s new year speech and statements such as “tax rises may be necessary” from the Abominable Yes-Man* himself, Ken Clarke. Such sentiments are simply an inauspicious start to the new year and it is not what many people like me have been campaigning for when we have been delivering Conservative leaflets.
Since I am not a Tory myself, but a unionist, (the word ‘Tory’ has Irish baggage related to brigands, outlaws and the like), I am befuddled by the fuzzy logic that leads Clarke and the Nothing Hill set to come to the conclusion that tax rises will somehow bring the economy back to its glory days.
But, after all, it was the Europhile wing of the Conservatives that caused Black Wednesday by forcing Maggie to enter the ERM at the wrong rate. It was Lord Lamont, however, who famously sang in the bath that we had extricated ourselves from decades of economic collapse under the ERM and eventually the ECU/Euro that followed.
Never mind the historical precedents about what happens when you listen to Clarke and his ilk, it seems that the leadershipis taking advice from experts such as wealthy bankers and Ken Clarke. They say that accountants would slash and burn, whilst also raising taxes on already hard-pressed electors.
Is that the manifesto that is going to be offered to the country? Surely it is a recipe for a Hung Parliament – and, as much as we would like to see certain MPs with fraudulent expenses hanged, it would not be good for the country.
The Taxpayers’ Alliance had already won the debate on taxes. But along comes a bunch of idiots advising the Conservatives and those lessons are forgotten.
Why prioritise inheritance tax cuts for the wealthy, whilst raising taxes for middle- and lower-income people? Has the 50p tax rate made it acceptable to raise taxes?
What about the Laffer Curve? What about the economic fact that lower taxes stimulate economic growth, entrepreneurship, innovation, job creation and so on?
I do not know why they think tax rises and the age of austerity is going to appeal to the voter who has a difficult time paying the mortgage, raising kids, maybe health worries etc, and that there is no hope? Just more money out of yer pocket to pay the increasing social security and welfare budget?
In these tough economic times, taxes should be slashed – not raised – the lessons of Crewe & Nantwich were that lower taxes appeals to the voter. It is morally and ethically right and it makes life better for everyone.
And, as for the “class war”, well let me just say this. Had David Davis or someone else from a working-class background been Tory leader, he would not have even contemplated raising taxes on working people, while reducing inheritance tax. That says a lot about the state of society, the class divide, and the “Tories.”
We need Labour out, that’s for certain, but the alternative Government needs to get its act together for the sake of our country. Sorry to be so harsh but this needs to be said, and I say this as a warm friend, although one who thinks that a dear ally has somewhat lost its way.
* Clarke is a Yes-Man in the sense of “Yes to Europe”. I could live with it if he was a No-Man.
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