Fraser Nelson Fraser Nelson

Cameron sells the coalition’s economic policy

David Cameron was on Marr this morning (with yours truly doing the warm-up paper review), talking about the “tough and difficult year” ahead. Others have been through the interview for its general content. What interested me was its economic content: not the most sexy subject in the world, I know, but, as Alan Johnson unwittingly demonstrated on Sky this morning, the Labour Party looks unable to scrutinise the government’s economic policy. Anyway, here are ten observations:
 
1) “Because of the budget last year, we are lifting 800,000 people out of income tax, we’re raising income tax thresholds. That will help all people who are basic rate taxpayers.” Thanks to the Lib Dems. But it’s a great claim, and I’m glad Cameron is making it. A solid achievement by his coalition government.
 
2) On VAT: “Putting up any tax has an impact on the economy – what would be the impact of not dealing with the deficit?” A good way of phrasing it, but it’s not a binary choice.



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