I can understand why borrowing money for infrastructure projects can be argued. Can some please explain to me how cutting taxes with borrowed money can do anything other than extend our expectations of living beyond our means for a further period.
Am I missing something ..... I just can’t do the maths!
Do we need tax cuts?
The shadow chancellor has suggested that the Government offers tax cuts when it releases the Budget next month.
Ed Balls believes that a VAT cut, a 3p income tax reduction and moving forward plans to increase personal allowance to £10,000 could help to boost the economy. So is this the best way forward, or will it just push the UK further into debt?
Tell us your thoughts.
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John Bignall
