Conservative party

The Tories now have a clear message on personal taxation, ‘you’ll pay less under the Conservatives.’ Their announcement today that they will reverse, for seven in ten workers, Labour’s increase in the tax on jobs is welcome news. As I said in the Mail on Sunday, turning the spotlight on the National Insurance hike shows that Labour’s tax rises aren’t just going to hit people who earn more than £150,000 a year who are going to buy a house costing more than a million but anyone who earns more than £20,000 a year. Some are questioning whether National Insurance is the most effective tax to cut since  it is a

George Osborne has just set the scene for tonight’s Chancellors’ debate by announcing something neither Darling or Cable will be able to match: a tax cut. It’s a real one, it will benefit some 20m workers and (best of all) it will be paid for by spending cuts. While the amount is not huge – everyone on under £43,000 will be £150 better off – it indicates the route the Conservatives would go down in government.   Trusting people with their own money, and stoking the recovery by cutting the tax on jobs. Here are the main points: 1) Osborne would raise National Insurance threshold in Apr11. One of the

There’s little doubting it: the Tory plan to (at least partially) reverse Labour’s national insurance hike has handed George Osborne a high-calibre weapon for tonight’s TV debate.  It is, I suspect, an attractive and attention-grapping policy in itself.  But it also helps the shadow Chancellor paint the Tories as the party of aspiration.  Or, as Tim Montgomerie has put it: “Seven out of ten working people will be better off if Cameron becomes Prime Minister.” But announcing the policy this morning has also given Alistair Darling and Vince Cable a chance to very publicly denounce it later today.  We’ve already had a preview of what’s likely to form the central

One of the most eye-catching stories this morning comes courtesy of ConservativeHome: “As part of the pre-election package, ConservativeHome expects Mr Osborne to announce that a Tory government will cancel Labour’s National Insurance tax rise. The Tories will announce an alternative way of plugging the hole. Earlier this week Policy Exchange argued that the NI rise was a very damaging way of raising extra revenue.” Sure, Cameron has hinted at this before, and there will be questions about how the Tories would fill the fiscal gap.  But that doesn’t make this anything less of a smart move.  Not only does it makes sense economically, but it would give the Tories

I was all set up to Fisk the post-Budget analysis which Darling normally gives to the Today programme after the Budget – but he wasn’t there. The Treasury refused to have him debate with Osborne which is what Today (unusually) seems to have assumed. Well, we’d best get used to hearing Osborne post-Budget day. At first, I thought it was a coup for the Tories – but as Evan Davis sharpened his claws, it soon appeared to have been a net negative. Osborne just didn’t sound confident. A series of exchanges left him looking unprepared. His line – that he will eliminate ‘the bulk’ of the annual overspend over the

Strange days, indeed.  While most of the frontpages today are unflattering for Labour – particularly, and unsurprisingly, those of the Telegraph and the Sun – I imagine that Brown & Co. will be quite pleased with the general tone of the Budget coverage.  Much of it mirrors the Independent’s view that Darling “played a weak hand well”.  Or, elsewhere, there’s a kind of detached indifference about what is described as a “boring” Budget. Yes, if you like, you can take that as proof that the Darling-and-Mandelson approach to the public finances is less politically toxic, and a good degree more sensible, than the Balls-and-Brown approach.  But, to my mind, it