Britain's CBI warns against further tax cuts

Another fiscal stimulus on 22nd April is not likely to work warns the employers organisation as reported in the Daily Telegraph this morning, linked here. This blog has repeatedly warned of the consequences of the Brown/Darling mismanagement and is thus better placed to properly address the policy dilemmas facing an incoming administration such as the Tories. Kenneth Clarke, Boris Johnson, David Cameron and George Osborne have been tying themselves in knots over the weekend on the question of taxation and public spending, because they have refused to confess their crimes in endorsing New Labour policies over many years and joining the fools paradise of an entirely illusory one-time boom economy. Their dilemmas over inheritance tax, the top rate of income tax, priorities for drastic public spending cuts etc., etc., will continue until they collectively experience a genuine "Road to Damascus" conversion, if they believe they cannot win an election after such a publicly confessed change then they will continue to under-estimate the sound common sense of Britain's active electorate and any victory enjoyed on the back of continuing untruths will likely prove Pyrrhic