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).
Funding tax cuts
by Martin Cassini
Feb 19, 2012
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).