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Tory Leadership Runners and Riders

Yep. From a skim of the papers on Google News, the old chestnut of 'a bonfire of red tape' is being wheeled out as the means by which tax cuts can be afforded, along with the usual blather about 'stimulating growth' and 'unleashing the power of small businesses'. But even the most woefully awful tabloids can't gloss over poll results that show that voters' main concern, overwhelmingly, is the rising cost of living, and, in particular, energy bills. Tax cuts come way down the list.
 
Sajid Javid and Rishi Sunak have both vowed to reduce corporation tax from 25% to 15% if they become prime minister, which, by a bizarre coincidence, is exactly what their wealthy corporate donors want them to do.
I know what you mean, but it should be remembered that it is not a bizarre coincidence, it is conditionality. And a consequent conditionality of our economic model has to be cuts to public spending or increased taxes elsewhere.
 
How depressing that with the current state of the country, rate of inflation, people likely to starve and not able to heat their houses this winter candidates are offering:
Tax cuts
Bonfires of red tape
God help us.
 
Jeremy Hunt reading through the crib sheet of neoliberal economic lies

……promises
…….Immoral…..
……….load in debt
…….….future generations….
…….…….jam today
….…..…….tough decisions
………………..responsible government
…………….…….There is Not Alternative
………………………Freedom!!!
………………………..WE’LL FIGHT THEM ON THE BEACHES…..
 
How depressing that with the current state of the country, rate of inflation, people likely to starve and not able to heat their houses this winter candidates are offering:
Tax cuts
Bonfires of red tape
God help us.
Isn’t there a policy opportunity somewhere in between people not being able to heat their houses, and, a bonfire of red tape?
 
World at One says that all candidates are using “integrity”, “honesty”, and “truth” as an election strategy

As they are all making the same claims about tax cuts, without saying which public services will be cut to pay for them, there is an obvious opportunity to question that statement and expose the tip of a lie.
 
Yep. From a skim of the papers on Google News, the old chestnut of 'a bonfire of red tape' is being wheeled out as the means by which tax cuts can be afforded, along with the usual blather about 'stimulating growth' and 'unleashing the power of small businesses'. But even the most woefully awful tabloids can't gloss over poll results that show that voters' main concern, overwhelmingly, is the rising cost of living, and, in particular, energy bills. Tax cuts come way down the list.

If they wanted to help small businesses they could introduce a tax free allowance instead of taxing from penny number one. Of course, the Tories don't like small businesses, witness the recent legislation punishing small landlords that left larger landlords untouched.
 
Sajid Javid and Rishi Sunak have both vowed to reduce corporation tax from 25% to 15% if they become prime minister, which, by a bizarre coincidence, is exactly what their wealthy corporate donors want them to do.

IIRC Sunak is not going to cut taxes? Hunt and Saj are. Saj tapering CT from 19% to 15% over time but Hunt lowering to 15% this Autumn. There’s a hell of a difference between CT at 25% or 15%.
 
Sajid Javid and Rishi Sunak have both vowed to reduce corporation tax from 25% to 15% if they become prime minister, which, by a bizarre coincidence, is exactly what their wealthy corporate donors want them to do.
It might well be a red herring anyway. Corporate tax is a waste of time for the most part because it doesn't hit the shareholders. And then the corporation just shunts it down the line to employees/customers.
 
None of them will consider cutting VAT, as that’s a tax that hits the poorest hardest.

PS The Tory’s ‘cost of living crisis’ has gone absolutely batshit crazy, a bog standard can of Heinz soup is £1.40 in Asda now. One pound and forty pence FFS! How high does a can of soup need to be priced before it causes riots on the streets? That is the key question here.
 
If they wanted to help small businesses they could introduce a tax free allowance instead of taxing from penny number one. Of course, the Tories don't like small businesses, witness the recent legislation punishing small landlords that left larger landlords untouched.
It's worth remembering that in a situation where the problem is actually supply not meeting demand, as a result of shocks (and not everyone has an actual spending power problem), the mere reduction of taxes is not helpful. Of course targeted tax relief can be useful, but unless it is met by actual production it is just impotent. The ideology that imagines this all leads to small businesses taking out credit lines and powering the economy lives in cloud cuckoo land.
 
IIRC Sunak is not going to cut taxes? Hunt and Saj who are. Saj tapering CT from 19% to 15% over time but Hunt lowering to 15% this Autumn.

He did, though before the leadership thing.

He sure as hell won’t be announcing increased government spending though, which is what is needed to get us out of the crisis we are in.
 
Here’s some comment from the FT as to just how economically illiterate Hunt and Javid are by targeting massive cuts to CT, their proposals aren’t even legal under international law (Twitter)! No more or less than I’d expect from third rate candidates of a consistently economy-wrecking party.
 
Here’s some comment from the FT as to just how economically illiterate Hunt and Javid are by targeting massive cuts to CT, their proposals aren’t even legal under international law (Twitter)! No more or less than I’d expect from third rate candidates of a consistently economy-wrecking party.
The whole ideology is economically illiterate. Government spending is the *only* way out of the crises we’re in. Nothing else will. There Is No Alternative.

TINA got us into this mess, TINA will have to get us out.
 
What would happen if each of the leadership contender, when talking about tax cuts is asked, “isn’t the honest answer that the only way to tackle the crises we’re facing is by increased government spending?”?
 
Are we venturing into the realm of whoever it is being worse than Johnson? Certainly seems like it.

Ironically maybe he has done them a favour, they can now crack on with being even more devious and despicable.
 
Here’s some comment from the FT as to just how economically illiterate Hunt and Javid are by targeting massive cuts to CT, their proposals aren’t even legal under international law (Twitter)! No more or less than I’d expect from third rate candidates of a consistently economy-wrecking party.

Ireland seem allowed to get away with a lower CT rate. Nobody seems bothered about that. The good old tiger economy.
 


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