Here is part of the section on Tory tax and spending plans:
All good stuff. And note how speeches are set out like blank verse these days.Your taxes will go up under the Conservatives, and here’s why.
The Conservatives have made a series of tax promises in the last few years.
Tax breaks for millionaires with a £2m exemption from inheritance tax.
Tax breaks for married couples.
A freeze in Council Tax.
Reducing the impact of Labour’s proposed rises in National Insurance.
And another National Insurance tax break for small businesses.
Paying for all these tax promises would cost £13.5bn.
And the Conservatives have identified a paltry £100m of alternative tax revenue to pay for it.
1 comment:
The Tories are right that the increase in employer NI is a particularly ill-advised tax rise - but their plans to fund scrapping it lack credibility.
That said, the Lib Dems have got away very lightly so far with the costing of the £10K personal allowance policy. The IFS has not endorsed the costing because it says the party hasn't explained its assumptions, and the Treasury's 'ready reckoner' suggests raising the threshold to £10K would cost something like £22bn not £16bn as Nick and Vince claim.
So that would leave a £6bn black hole even if we accept the projected revenue from things like anti-avoidance measures, which sounds suspiciously like the Tories' reliance on cutting government waste.
In short, the cult of Cable and the belief that the Lib Dems will not get to implement their policies mean we have escaped serious scrutiny.
I have serious doubts about the fiscal probity of the £10K tax policy, desirable as it is...
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