Lib Dem shadow chancellor Vince Cable has criticised the tax plans of his Tory counterpart, George Osborne:
“Any expectation that the Conservatives had a radical and meaningful plan for fairer taxes has been blown out of the water with this utterly feeble set of half promises and unfunded commitments.
“The Tories have apparently made a large open-ended commitment without explaining how it will be paid for.
“They have borrowed from the Liberal Democrats the idea of taking action on non-domicile residents in the UK, but their proposal is completely inadequate and seems to be entirely voluntary.”
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2 Comments
And all the tax cuts are for the better off. At least under Thatcher they cut the standard rate of income tax from time to time. No such luck today. Is this a sign of how far the Tories have lurched to the right?
I remember clearly Matthew Taylor & Vince Cable proposing a restriction of non domicile tax rules back to around 2002.
Inevitably Conservatives and Labour said this was impossible.