Dear Larry Elliott – What Race To The Bottom On Tax?


A line from Larry Elliott’s latest piece showing that of course the Tories are wrong on the economy:

Even so, the race to the bottom on tax is in some sense welcome.

If only we’d had such a race:

Tax to GDP

We have historically high taxes for the UK economy. More of everything goes through government than normal. So, what tax race to the bottom?

For a start, it validates the use of tax and spending as an economic tool.

What I assume Larry means is that this set of promises of lower tax is indeed a validation. Which is fine then, of course. Because lower taxation would indeed be a validation of the idea that less government is beneficial.

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