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The despatch box

We're you thinking what the Conservatives were thinking? Did you believe the Lib Dems were the real alternative? Is Labour moving forward not back? This blog will focus on all things political. It will be irritating, agitating and maybe just maybe it will get you thinking.

Monday, June 20, 2005

Taxes on the up? (Again)

Public Sector borrowing has reached its highest levels since records began (£8.7billion in May).

Where does that leave Gordon Brown with his golden economic rule?

Reporting on BBC News Online, Gavin Rednap of Standard Chartered Bank commented, "We think it's likely that soon the chancellor will face the choice of raising taxes or breaking his golden rule- He will likely go for the former, which will be a further impediment to economic growth."

Any bets when we face the 67th Labour tax rise - or have we already had that one?


  • At Wednesday, June 22, 2005 9:34:00 pm, Blogger Bishop Hill said…

    Presumably it would have been £2bn less if Mr Brown and Ms Primarolo hadn't ballsed up the Tax Credit payments.

    Incompetent halfwits IMHO.

  • At Wednesday, June 22, 2005 9:37:00 pm, Blogger Jonathan Sheppard said…

    Yes and how un-reassuring it was to hear "Red Dawn" try to explain away this shambles!

  • At Wednesday, June 22, 2005 9:45:00 pm, Blogger Bishop Hill said…

    The Lib Dems were full of righteous indignation about weren't they...

    David Laws, the Liberal Democrat Shadow Work and Pensions Secretary, said that the reports showed that the design of the system was "flawed."

    Mr Laws added that the call to write off overpayments was "sensible and logical".

    ...His ability to sum up the anger of the ordinary taxpayer is extraordinary isn't it!


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