Portillo: the Tories won’t succeed in cutting public spending – they’ll have to raise taxes

Ever the contrarian, Michael Portillo makes a case that you don’t hear from many on the right in his interview with Andrew Neil on Straight Talk this weekend.  George Osborne has given “a fair amout of detail” about the Tories’ debt-reduction plans, he says, but that could be the wrong approach:

“I wouldn’t seek probably to give very much more detail ….  You know, I was with Margaret Thatcher when she came in to Government in 1979, we faced a big public spending problem.  It was terrible.  It was a hard slog but she didn’t cut public spending.  I was Chief Secretary between ’92 and ’94 – big public spending problem – I was trying to cut public spending; I did not succeed in cutting public spending.  I don’t think the Tories will succeed in cutting public spending.  Now this is what they won’t want to tell you.  The reason they’re not telling you the cuts is that I think the cuts are almost impossible to make and what will happen, whoever wins the next election, is not so much that there’ll be public spending cuts, there will be restraint, but that there will be tax rises.