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Old 04-10-2006, 13:01   #25
Macca371
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Re: Tory economic policy (or lack of?)

I think having a big public sector and good public services is really good but you have to keep in mind that we need to keep our economy competitive. There is now a global economy, businesses are deciding where to locate. If you tax businesses to death, they will not locate in this country, and may relocate abroad if they are already here. With China and India emerging as big powers and offering a more skilled and cheap labour there are less reasons to locate into this country, so higher taxes are generally worse for the economy in the longer term. I think if the Tories get in they will definitely bring in tax cuts, it's what Tories do, this is one of the reasons why they are supported by big business. They have been hinting on 'making the economy more competitive', I don't know how they can do that without tax cuts. I just hope they don't do it so it becomes unfair for people.

I think the Lib Dems have got the right idea on tax - they want to reduce overall direct taxation and then introduce green taxes onto things to discourage activity which is harmful for the environment, and also abolish all taxation for those earning less than £10,000 a year. It's a shame they're unelectable lol
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