Gordon Brown has walked straight into George Osborne’s trap. After bleating that the national insurance tax cut is unaffordable, he has decided to make this a massive election dividing line – claiming that this teeny (1 percent of state spending) tax cut somehow poses a mortal danger to an economic recovery. Please, God, let him keep on this message through the campaign. “The Tories are proposing to cut your taxes and make you better off – stop this lunacy, and vote Labour”.
But Alastair Darling has taken it further, with a significant piece of language on the radio this morning. The Tory tax cut, he says, is “taking money out of the economy” at a vulnerable time. As he said at 7.52am in Today:
This has Balls written all over it.“If you take money out of the economy now, in a year when you’re beginning to see recovery, that is taking a great risk…”
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