Bold Seagull
strong and stable with me, or...
Of course it isn't, running a country is fraught with difficulties. As an electorate, what you are asking yourself is who would make less of a balls up. It's all very well people posting articles from 2001, or 1976, but of course Labour were never a perfect government, neither have the Tories ever been. All we can ask is who would make less of a mess of things?
At the moment, I don't get why our tax revenue is one of the lowest in Europe at just 34% of our GDP when our services are crying out for investment. I don't buy this whole lower tax rates brings in more revenue, in the short term it can boast the economy, but nothing other than short term, and our extremely low tax rates in comparison to Europe still only brings in 34% of our GDP. So economics of low tax = more revenue just doesn't stack up. It is a falsehood that too many believe.
As the world gets smaller, multinational corporations get bigger and more powerful, governments have to stand strong over tax. If we go down a continued path of undercutting tax rates to make one country more attractive than another, then we condemn ourselves to perpetual bankruptcy because economies will always crash. We have to stop undercutting our corporate and higher tax rates, and maintain a comparable tax strategy to similar sized economies. Cutting CT to below 19% is obscene given the cuts and in comparison to other countries tax rates. It is time for a change of thinking because it is an unsustainable economic model at present.
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