Osborne needs to recast his policy for the new era

Now that even Nigel Lawson says tax cuts are not the right way to go, why am I calling for them in my column? Lord Lawson did not issue a fatwa on all tax cuts, but warned against “massive tax cuts.” He is wary of so-called Keynesian fiscal activism – borrowing massively, to cut taxes. As am I. You can argue it’s better than Keynsian spending, but both still do more harm than good. I am arguing that the new era of deficits (I don’t expect we’ll see a balanced British budget for five years) need not lead the Tories to abandon tax cuts. They need a new argument for a new era. One could separate the eras into Before Crash (BC) and After the Downturn (AD). Osborne needs to realise the difference, and recast his policy. And here are my thoughts:-

1) Osborne’s policies and his role on the party was planned in the BC era, both need to be updated now.