over budget
Dr Pirie predicts that the higher tax-rate will yield less than is gathered at the moment. Mr Redwood says Mr Darling’s 2011 deficit-busting boom is a myth. Labour, he says, plans to borrow more in two years than all previous govts. did in a millennium. Dr Pirie again: “Government has to cut its waste and its spending, and boost its efficiency. It is what businesses do when they encounter a rough patch, and it is what governments should do.” [Adam Smith inst.] Another Adam Smith writer points out that, if we could put up with the level of public “services” (my ironic quote-marks) that we had in 2000, we would have lower corporation-tax and absolutely no:
- VAT
- council-tax
- national debt.
And does anyone believe our public sector delivers any better than it did nine years ago?
