£3.1bn: Cost of Conservative inheritance tax proposals condemned by Chancellor Alistair Darling as "an example of where the Tories are making promises on tax which they can't afford to pay for" in October 2007. "If you do that, you create the very instability which is the last thing the economy needs and people in this country would pay for that."
£2.7bn: Unfunded income tax cuts proposed by Chancellor Alistair Darling eight months later. "the measures would be funded through borrowing so as not to take money out of the economy while it was slowing."
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4 comments:
Yes, but Darling's proposals were from Labour - and are therefore immune to all the accusations of public spending cuts and uncosted tax cuts that Labour have been throwing at us for years.
Snafu, genius!
Hope you don't mind but im posting that brilliant piece all over.
Here's another one for your collection. How was it that the £30m backdated police pay was inflationary, but the £2,700,000,000 tax boost was a much needed boost?
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