My reply to John Redwood today - Deficit & Taxes
Martin Cole
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“The test is how to do it without damaging the things that matter, and without taxing the country into recession.”
The two areas so far decreed as untouchables seem the most obvious candidates, namely health and foreign aid.
Electorally unpopular once off draconian cuts or revenue raising shock taxation remain weapons in the armoury for an incoming, one party, majority government, but where is a leader who might create such a miracle, and skillfully manage the results to gain re-election some years later? Thatcher managed it!
The two areas so far decreed as untouchables seem the most obvious candidates, namely health and foreign aid.
Electorally unpopular once off draconian cuts or revenue raising shock taxation remain weapons in the armoury for an incoming, one party, majority government, but where is a leader who might create such a miracle, and skillfully manage the results to gain re-election some years later? Thatcher managed it!
posted by Martin at 6:53 AM
