Thursday, October 11, 2007

Lurching to economic growth and prosperity?

Hong Kong tax cut to boost growth:
Leader Donald Tsang said taxes would be cut by 1 percentage point, to 16.5% for firms and 15% for individuals "in a move to promote further growth and lure foreign investment".

When Conservatives call for tax cuts to "promote further growth and lure foreign investment", it's condemned as lurching to the right!

How will Alistair Darling's tax increases promote growth and foreign investment!?!


Umbongo said...

Unfortunately, the Conservatives are not calling for tax cuts: they're calling for cuts in some taxes to be paid for by increases in others. When Osborne drops his intentions to continue Labour public expenditure policy for at least the first 3 years of a Conservative administration, then I'll start to believe that the Conservatives are not just a better dressed version of Labour. Until then, don't be fooled by the hype: "David Cameron's Conservatives" are still a high tax/high spend party whose opinion poll success following the IHT kerfuffle took them as much by surprise as it did Brown.

Snafu said...

Umbongo, that's a fair point! It;s infuriating that Conservatives will not fund tax cuts by cutting welfare benefits.

It's not right that people can ever be better off living on benefits than going out to work!