Monday
It’s all v odd. As far as I can tell, until this week we didn’t have any tax cuts at all and people were jolly cross about it. Now we seem to have dozens of tax cuts which we are going to have to drop and people are even crosser. What I want to know is, how did we get from having a policy of no tax cuts which definitely was going to happen, to having a policy of loads of tax cuts which possibly isn’t going to happen? And isn’t the result broadly the same in both cases? So what’s all the fuss about?? I just cannot get my head around it. The strangest thing of all is why Ken is suddenly answering his phone at weekends and agreeing to our requests to go on Sunday television programmes to talk about the economy. That doesn’t make the slightest bit of sense on any level.
Tuesday
Phew! I’m just out of a big strategy meeting with Jed and am happy to be able to completely explain everything now: when Ken said we were not going to cut inheritance tax he was, in fact, referring to a general aspiration not to cut it. It was in no way a firm pledge of a U-turn. As such our policy remains unchanged: to definitely try to probably cut inheritance tax very speedily before the end of a first term if we can at all afford it which doesn’t look at all possible at the moment but you never know what could happen so we absolutely intend to keep saying we’ll do it. After all, a promise is a promise! I knew there would be a rational and deeply moral explanation.
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