Shadow Chief Secretary to the Treasury Chris Leslie was on the Daily Politics earlier today, outlining Labour’s economic plans to tackle the deficit, ahead of this afternoon’s motion on the ‘Charter for Budget Responsibility’. Sounds jolly, doesn’t it?
So, exactly what tax rises and spending cuts do Labour have up their sleeves to tackle the deficit? Well, from what Chris Leslie had to say, there are two: the 50p tax rate, and increasing the price of gun licences. Obviously! Why hadn’t anyone thought about raking in the cash from gun licences earlier?
Well, probably due to the fact that since there are currently just over 700,000 firearm and shotgun licences on issue in England and Wales, they’d need to up the price a fair bit to cover even the tiniest fraction of the deficit.
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