Hague: No deficit funded tax cuts
William Hague’s just been on Dermot Murnaghan’s Sky show. They shot the breeze for a bit, gabbing about foreign affairs and the recent targeted assassinations on Taliban and al Qaeda leaders, then the conversation moved on to tax cuts as an economic stimulus. Hague laughed off the suggestion, saying that the US is in its current crisis because for years it has concentrated on offering tax cuts rather than controlling its deficits. Britain will not make that mistake, he said. ‘No deficit funded tax cuts’ was a line first pursued by David Cameron ten days ago in a speech to the Canadian parliament (although, as Fraser has noted, it has
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