Thursday, October 19, 2006

Scam anyone?

Only a few weeks ago, we had David Cameron announce dramatically to the Tory conference that his main priority was "N.H.S"! The Tories oppose holding any trust to budget discipline and think they should be bailed out with more cash. They have also promised a whole host of other things - more occupational therapists, more prisons, more border patrols, more drug rehab, more money for social workers, etc etc which implies they’ll spend more than Labour.

Then their their tax commission reports and proposes £21 billion in tax cuts, with no indication how they are to be funded.

And Osborne tries to fudge with vague promise of green taxes to pay to pay for it (which arn’t mentioned at all in the tax commission’s package and in any case would only raise at most about £3bn). And then they say (I'm paraphrasing) "We are not committed to any tax cuts, but we are in favour of some of the proposals and not others, but we’re not saying which” - which recalls to mind the company during the time of the South Sea Bubble which issued a prospectus that said ‘A Company for carrying on an undertaking of great advantage, but no one to know what it is.’

Scam anyone?

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