So, the News of the World claims that the Tories are planning to shelve some of their tax-cutting proposals – including the inheritance tax cut and tax breaks for married couples – to help combat the fiscal crisis. Guido suspects that the news came direct from the Blackberry of Andy Coulson, but the Tories have told Tim Montgomerie to “treat the story with a ton of salt”.
Either way, I do – like Tim – have some sympathy for the idea that commitments will have to be sidelined to overcome Brown’s debt mountain. The longer those terrible deficits remain, the more future generations will be burdened by the Dear Leader’s fiscal sabotage, and the more likely that potential investors will turn away from the UK. Simply put: sacrifices will have to be made, and the tax cuts mentioned above are likely candidates for the chop.
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