Sep 112011
 

Alistair Darling, Back from the Brink: 1,000 Days at Number 11, p. 269:

If I could increase gradually the rate of VAT to 19 or even 20 per cent, I could scrap the National Insurance increase. I could compensate low earners with a package of measures to negate the impact of the VAT increase. On top of that, I could surprise people by cutting both the basic rate of income tax and corporation tax in order to boost growth. I tried this out with Gordon, but was met with an emphatic no. I talked to both Peter and Ed Balls, trying to convince them that we needed something big if we were to come out of this with any momentum at all. While Peter this time had an open mind, Gordon and Ed remained implacably opposed to the VAT increase. There was nothing more I could do, so we stuck with the tax measures previously announced.

Two years later, and thanks to Brown and Balls, not only do we still have their increased NI and income taxes, we also have 20% VAT.

Thanks, guys. Thanks a fucking bunch.

  One Response to “The budget that never was”

  1. Bella

    That last line sums it up.

    They have a guy who has ideas but they screw him and us.

    We have the same problem in Spain. Rubalcaba, government Vice-President for 7 years with zombie Zapatero is standing for President in November. After being the fundamental part of the worst (responsive to polls but without a single idea) governments ever in Spain, with the wrong response to every crisis they have faced, he now knows what is necessary to pull Spain up.

    Same here as there: Tax the rich (whatever that means) and that will allow the creation of 300,000 jobs for young people. Where do these guys get it from? Empty slogans to allow their parish to feel good about themselves.

    Are they incompetent, ignorant, liars or evil? Or all 4?

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