On BBC Radio 4’s World at One programme today I commented on the Tories’ plans to block some of next year's planned National Insurance rises.
Here is what I had to say:
- “We won’t get out of this [deficit] by raising taxes.”
- “Whilst the cut is probably the right direction, it’s the credibility of the spending cuts that have to go alongside it which is really in question here, and I don’t think anyone will be regarded as credible until they ‘fess up’ to the terrible truth that some of the services will have to go, in terms of jobs and projects.”
- “We’d like to see where the cuts are going to fall. Gordon Brown has made pledges along the lines of it won’t fall in education or in health or in policing, which, given that’s about 40 per cent of the budget is literally incredible.”
- “The single most important objective is the reduction of the deficit, that’s true. If we don’t have a credible plan, one will be imposed on us by the market; the bond markets, the foreign exchange markets, will force probably more drastic action.”