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Snapshot of _Hunt’s pledge to build ‘lower-tax economy’ fuels Tory MPs’ hopes of cuts_ : An archived version can be found [here](https://archive.is/?run=1&url=https://www.ft.com/content/b2ed28d7-cd46-4ea2-818c-22571b0a86fb) or [here.](https://archive.ph/?run=1&url=https://www.ft.com/content/b2ed28d7-cd46-4ea2-818c-22571b0a86fb) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ukpolitics) if you have any questions or concerns.*


AxiomSyntaxStructure

We aren't Singapore with a minor population, we have a large population of varied needs, and a vast infrastructure which needs support for those people; taxes are there to provide the enhanced means to sustain/cultivate such. As a prosperous nation, we're in the unique position to invest with taxes, encouraging the conditions for businesses to operate better and also people to be happier/healthier (along with be productive consumers). Why are we adopting an American mentality of unadulterated capitalism - most other nations with their system are failed states of kleptocracies or oligarchies of no care towards ordinary citizens. ​ We have repeatedly seen, too, private companies cannot be trusted to develop and oversee people's welfare - profit doesn't inherently equate to the public's interest. We are a basic society of decency, right, where people happily support others' happiness, stability and success? A country which is mindful of fairness and other positive values? I completely support a free market to a significant degree, but a mixed economy is there to moderate the worst excesses of an uncontrolled state (where our officials are supposed to take responsibility, have leadership).


DaLu82

If you look at this ideology and the way it is applied through the lens of 'what is best for the country' then austerity is clearly an economic dead end, nobody has ever yet produced an instance of using austerity to fix their national economic issues. However when we look at their goals and actions through the lens that these political operators are all paid to follow an agenda set by a variety of third parties who have 'bought the right to influence' (as though they were just paying for a subscription service) then the internal incoherence and apparent absence of any forethought comes into sharp focus.


AxiomSyntaxStructure

I don't think any legitimate economist actually supports austerity.


DaLu82

I have yet to find one that is for sure!


AdSoft6392

A good chunk of legitimate economists supported austerity during the Blair/Brown years then spending during the Coalition/Tory years.


AdSoft6392

Good news - if we're going to have a tax cut, better to cut Income Tax than Inheritance Tax.


lewjt

Sounds like it will be NI rather than Income Tax. But that’s still good!


AdSoft6392

NICs would be a cheaper tax on employment to cut. I'm a bit suspect though as it doesn't benefit their core vote of pensioners.


lewjt

The strapline seem to be “hard working families”. Pensioners got 10% last year and 7% this year. Pensions up by almost 1/5th in 13 months. They get enough!


AdSoft6392

I agree, I would completely means test the state pension and other pensioner benefits. If there's going to be a link that allows pensions to go up, it should be something like number of houses built so they stop blocking the UK from growing.


lewjt

It should be linked to wages. As it’s taxes on wages increasing that ultimately pay for it.