Finally a Labour party policy we can agree with…cutting taxes…oh wait it is UK Labour not the Labour party in NZ.
George Osborne should cut income tax in next week’s Budget to kick-start Britain’s economy, the shadow chancellor tells the Daily Telegraph.
In an interview with The Daily Telegraph, Ed Balls insists that a cut in the basic rate of income tax — funded by a temporary rise in borrowing — would ultimately pay for itself as it would spark economic growth.
He says “something must be done now” as Britain is facing an economic depression “like the 1930s”. Read more »