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Tuesday, 2 September 2008

Who's paying for the cut in stamp duty?

It looks as though Gordon Brown has indulged in yet another unfunded tax reduction in yet another attempt to save his skin. Even the BBC's Nick Robinson asks:
"Meanwhile the bills rack up. You may remember the government found £2.7bn from nowhere to give us a tax cut this month. Now this package is costing £600m upfront and another billion is being raided from future spending plans. One day, somebody will have to pay the bills. I hear rumours that it's the regional development agencies that have had their budgets raided."
Do follow the link from Nick Robinson's blog to see his interview with Alistair Darling; doesn't Alistair look uncomfortable and does he truly believe that "we are better placed" to get through this "difficult time" - or you can watch it here.

If you have a strong stomach you can watch Hazel Blears bleating about "families" here with a smug little "I've got a nice public sector final salary scheme pension and my mortgage paid for by the taxpayer" smile on her lips the whole time. That reminds me, I was going to have a "which Government minister makes you feel the most unwell when you see them interviewed?" poll on this blog, maybe I should do so...

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