George Osborne made a most important statement at the Treasury Committee on Thursday. He said a Conservative government if elected would not need more tax rises in the next Parliament. Further moves to get the deficit under control would be achieved by a slower pace of spending gr0wth, and by the natural buoyancy of existing taxes, not by more rises. I agree. The UK’s problem is not that tax rates are too low, or too few things are taxed.
Presumably Labour and Lib Dems will disagree with this approach. They seem to be busy trying to find more ways to tax us.