“Cut taxes to close the deficit” 2

John Rentoul

22 Old Queen Street Cut taxes to close the deficit 2The sequel to my post yesterday was a discussion (audio here) I had at the Spectator’s beautiful wood-panelled offices in Westminster with Fraser Nelson, the editor, about his belief that any marginal rate of income tax higher than 36 per cent loses the government more money than it raises.

He cheated slightly at the end, when Sebastian Payne asked us what George Osborne should do in the Budget next week. He said: cut taxes for those on lower incomes. (I said: “Nothing.”)

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  • frances smith

    The scientologists have a nice office near where I live, where they meet regularly, and give talks on their belief system, doesn’t mean I go there.

  • Pacificweather

    It is not only politicians who selective memories when it comes to tax. Afghanistan was the more interesting story.

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