Funding tax cuts

[Martin Cassini]

Shadow Chancellor, Ed Balls, wants to raise the tax threshold. Don't we all? Balls wants to fund it by cutting VAT to raise the £12bn needed. The government rubbished the proposal. But they are just as myopic in failing to see that tax cuts for the poor and a VAT cut could be funded from traffic system reform (which at the same time would bring untold other benefits).