March 11th, 2013

Fox’s “Right Approach For Britain’s Economy”
Tells Osborne to Cut Tax and Spending

Guido headed down to the IEA this morning to hear Liam Fox’s much-trailed speech on “The right approach for Britain’s economy”. Naturally on his best behaviour, Fox called for tax and spending cuts, criticising the government for not doing enough to help wealth creators: “although the progress of the coalition is encouraging, we have spent and continue to spend too much. We need to encompass the concepts of aspiration and opportunity”. 

In that vein, Fox took two minutes to quote Thatcher’s classic “socialists always run out of other people’s money”. There was plenty of policy in the speech: freezing public spending for five years in order to save £345 billion, the “systematic dismantling of universal benefits”, a stamp duty discount for under 30s, and most interestingly a temporary five year abolition of Capital Gains Tax. His suggestion of “making socialism illegal” was, he admitted, unconstitutional. 

There were some choice words for the Chancellor; his reversal on the Tories’ inheritance tax pledge is by implication “deeply immoral”. The harshest criticism was for the Prime Mentalist: “History will judge Gordon Brown harshly. He spent with abandon, rolling out the socialist ideal, pushing the drug of welfare addiction. His tax and benefit system was an impenetrable labyrinth. The great socialist coup of the last decade was to make wealth an embarrassment. There is only taxpayer’s money and the government should keep its greedy hands off it”.

Fox flirted with UKIP’s Stuart Wheeler afterwards: Wheeler praising the speech as “terrific” and Fox gushing that he was enjoying the “consensus” between them. He took a conciliatory line with Cable, suggesting that they agreed on looking again at ringfencing departmental spending. Cable has since replied saying Fox’s speech was part of the Tory right’s “jihad” on public spending. Faced with questions about his leadership ambitions, Fox sighed that “the sheer inevitability if it makes it depressing”. He didn’t give an answer, though…


130 Comments

  1. 1
    LB says:

    So why don’t they make the state pension and state second pension a contractual right?

    Like

    • 3
      Fox's Israeli handler says:

      Go Liam!

      Like

      • 5
        Anonymous says:

        Bedroom tax. I think that the councils tenants and housing association tenants should understand that they don’t own these houses and others are paying for it.

        When the property is more than they need they should be moved off. In expensive parts council and housing association properties should be sold off at open market rates. In UK we had ended with a culture that make some think that others have to work harder and pay for their living.

        Tax is too high on poor and middle classes, tax has to be cut.

        Like

        • 27
          Anonymous says:

          For years parts of London were no go area for most working people. It was only go area for rich and people on benefits, what is wrong in changing it?

          We ended up with a system where office cleaner can afford to rent within 15 mins travelling time but the office manager has to travel 3 hours a day as he / she cannot afford to live near the office he / she works.

          Like

          • V1le, vicious Labour ruined my Country says:

            All housing benefit recipients excluding the diasabled and pensioners should be rehoused in cheap properties up North or put in caravans.

            Like

        • 57
          Neo-Plato says:

          Where is the verity in this?

          Like

        • 81
          Bob Diamond says:

          Too true the problem is Fox and his neo-liberal pals are not interested in Middle Class they want to cut taxes further for corporartions and the super-rich ( as these two groups were not rich enough already). We neither need Fox or Labour tax and spend we need someone to bring down the burden on teh squeezed majority.

          Like

          • Who Want's Some! says:

            Very true Fox is as corrupt and self serving as they come, but his open attack on Cameron’s economic policy is just the first signs that the existing tory elite are waking up to the fact that they have no real answers if they just trot out the same old crap. Be a long war to get rid of the current political elite who’s only policy is to f_ck the real working working class and the middle class.

            Like

    • 8
      Anonymous says:

      Why did Fox resign?

      a) Letting his friend make money using Fox’s ministerial job.

      b) Letting his friend stay in taxpayer funded flat for free

      c) Running a charity that wasn’t a charity.

      Like

    • 10
      Anonymous says:

      Fox only wants to give cuts to super rich. He is not talking about giving tax cuts to millions that work hard but unable to afford to pay their bills.

      Like

    • 20
      Lord Stansted says:

      They are already. The contract is: you pay the stamp; they give you a pension (of sorts).

      Like

    • 110
      It's a bit strange says:

      I would much more agreeable if Foxy was to forgo his mp salary and all those lovely expenses in fact why not say salary on the lot of them forgo their salaries and expenses the HoL reduced to 300 hundred and they must put in 95% attendance rate except for serious illness and then that should be accompanied by a doctors certificate, that would also apply to the HoC, they should be paid by results so they will work together and not perform like a bunch of Bullingdon boys or teenagers on the rampage. I am not holding my breath

      Like

    • 128
      Liar.Politicians says:

      Like

  2. 2
    The Watcher says:

    Vicki Pyrce is in jail

    Like

  3. 6
    Pompous Pontificator says:

    He’s still fiddling.

    Note the age-specific stamp duty reduction, CGT scrapped but within a time frame.

    It’s Gordon Brown in angry suit.

    Like

    • 43
      Gordon Skidmark says:

      Not angry. Today I am wearing a onesie. Must say it’s made me a bit frisky. Prudence (the cat) has just hidden under the stairs.

      Like

      • 77
        V1le, vicious Labour ruined my Country says:

        Is everyone feeling enriched today in this multicultural shithouse of a Country.

        Like

        • 95
          Residing in 96.97% white Merseyside says:

          Only when I occasionally visit my fairly local Chinese take-away.

          Like

  4. 7
    Ed Dafty, LimpDim MP, Climate Change Chieftain says:

    Like

    • 11
      Butch blackmailed traitorous arsebandit Dave says:

      It’s not Global Cooling, it’s manmade Global Warming-caused ‘Weird Weather’ – that’s the official line from my handlers.

      When we say up is down, black is white, and your own fecking eyes are lying to you, believe us. Pay your Green taxes, plebs!

      Like

      • 49
        Eeyore says:

        DO keep up with your briefs, Dave!

        Ever since the temperature stopped rising a decade ago it’s been branded DANGEROUS CLIMATE CHANGE. We’ve told you many times; now will you listen?

        What – drop the whole idea? Are you mad? We’re too deeply committed ever to row back; we just have to keep the show on the road until something turns up to let us off the hook. Like running out of money to give to corrupt foreigners, or to pay GPs over £130,000 a year for 9-5, five days, for example.

        Like

    • 22
    • 24
      Raving Loon says:

      Remember, it’s not global warming, it’s climate CHANGE. If the climate changes for whatever reason, it’s those naughty capitalists’ fault with their evil factories.

      Like

  5. 9
    Anonymous says:

    Apparently cutting the top rate of tax and cutting corporation tax isn’t enough for the Jihad Right in terms of helping wealth creators.

    Oh no.

    More must be done to punish the poor.

    Like

    • 15
      Bankers' media mouthpiece says:

      Oy vey! will no one think of the poor dual-national billionaire bankers, before Beppe Grillio and others expose our criminality and the plebs finally wake up and lynch us?

      Like

    • 17
      Benny Fitz-Clements says:

      Hear ! Hear !! I’m entitled to receiver as much Taxpayers’ money as I want. It grows on Labour’s Money Trees.

      Like

    • 34
      It's Right says:

      Only loony lefties can suggest encouraging the long-term feckless back to work “punshing the poor”!

      Why are they convinced it’s only the poor out of work? I know many middle-class over-fifties who are looking for work who would welcome this!

      Like

      • 40
        A. Chav Esq. says:

        Making pore people work is crual and unusual punishmunt. Tax the rich more, their the ones who voted for Laybur and coused the nations’ finanshial meltdown. Make them leeve Britain – we dont kneed them hear.

        Like

        • 45
          Owen Jones says:

          I completely agree with your sentiments. Bankers are scum and chavs are the salt of the earth.* see my book “Chavs” still on sale at all good bookshops.

          Like

  6. 13
    old git says:

    Cable using the word ‘jihad’? Doesn’t he realise how offensive that is? Both to Left and Right?

    So much for ‘Liberal Values’ … oh sorry, what was I thinking …

    Like

    • 18
      M'Lard Rennord says:

      If Cobble says Liam is a Jihadi, Master Fox can expect warm support from Baroness Jenny Ponge within the hour.

      Like

  7. 14
    Shocked of Sheen says:

    History will judge Gordon Brown harshly. He spent with abandon, rolling out the socialist ideal, pushing the drug of welfare addiction. His tax and benefit system was an impenetrable labyrinth. The great socialist coup of the last decade was to make wealth an embarrassment. There is only taxpayer’s money and the government should keep its greedy hands off it.
    Can’t argue with that.

    Like

    • 25
      Anonymous says:

      Spot on put it on the fuckers gravestone…………or erect a monument in Kirkaldy

      Like

    • 48
      They're all the same says:

      What Fox means: wealth extracted and hoarded from others (be they economic migrants, offshored sweatshop labour or rent accrued from ordinary workers) should remain ours, all ours. And if you don’t like it and agree, we’ll send the bailiffs and cops round from the state we profess to hate to teach you a lesson.

      Like

    • 104
      Little Lord Fondlebum of Boy says:

      ‘The great socialist coup of the last decade was to make wealth an embarrassment.’
      You know, it’s a funny thing – I’ve yet to hear of a Socialist who is even the tiniest bit embarrassed by wealth.

      Like

  8. 16
    SP4BS says:

    “Fox flirted with UKIP’s Stuart Wheeler”

    You’re at it again, aren’t you.

    Like

    • 51
      Eeyore says:

      A misjudgement by Wheeler, then. If Fox (or May, or Hannan, or amyone credible) takes over from the Heir to Bliar s/he would adopt most of UKIP’s very impressive list of policies and make the Tories re-electable once more – at UKIP’s expense.

      Like

    • 75
      arseholes says:

      Did he spit or swallow?

      Like

    • 118
      It's a bit strange says:

      Foxy, flirting, hmmm I think someone might be getting a little jealous

      Like

  9. 19
    egghead says:

    battyman returns

    Like

  10. 21
    Any Mouse says:

    I hope Stuart’s back was against a wall!

    Like

  11. 23

    Slotgob and I believe in cutting tax and especially capital gains tax

    That will allow us to bring millions into the UK which are now sitt7ng offshore with friends in Qatar and other dictatorships

    Like

  12. 26
    Jimmy says:

    “the sheer inevitability if it makes it depressing”

    Only if you’re a rightie. Some of us quite enjoyed the Redwood leadership campaign the first time around.

    Like

  13. 28
    Fox & Friends says:

    Notice how the profligate trolling socialist cockroaches come out of the cracks on here when on a rare occasion a Tory suggests something that’s obvious!

    Like

  14. 31
    Gordon Brown says:

    The gold’s mine, mine!! Keep printing money George, you know you can do anything if you do that.

    Like

  15. 32
    Anonymous says:

    Presumably cutting public spending would also mean Fox cutting back on his expense claims? Or would he still find the cash somehow to pay his close pal Adam Werrity?

    Like

  16. 33

    I agree in principal wi4h cutting taxes

    But will the markets accept it?

    We are very exposed already to rate increases which could be disastrous

    Like

  17. 35
    Dave says:

    I said I would bring back Fox hunting.

    Like

  18. 37
    Dick the Butcher says:

    Dear Cantuar,
    I note your concerns re benefit changes harming children.
    Perhaps you could give a sermon next Sunday advising your flock that bringing up children is an expensive business, and that perhaps they should only have as many children as they are able to afford.
    Hope this helps.

    Like

    • 42
      Ladyboy Bollox says:

      Bringing up children is indeed an expensive business. That is why the state should pick up the tab for the hordes of brats our supporters pop out each year in order to avoid employment and to access accommodation and benefits.

      Like

    • 55
      The outgoing pontiff says:

      And also stop your people fiddling with them

      Like

  19. 38
    Blowing Whistles says:

    I am going to review Stuart Wheelers JR taken against the then Government over the Lisbon Treaty. Methinks it was all a very crafted piece of showmanship – giving the impression that the challenge was bona fide.

    Like

  20. 39
    One Term Dave says:

    I am unconcerned about all these rumours about challenges to my leadership. As long as shirtlifting windfarm-scammers are on my side I will be victorious.

    Like

  21. 44
    widescreen2010 says:

    Disgraced former minister says…

    Like

  22. 45
    Justin Welby Archbish of canterbury Labour Party Activist says:

    The lord came to me in a dream last night, “behold and begat” he sung, “the fool who is the Milliband will occupy a residence numbered 10″

    Like

  23. 52
    Amanita Phalloides says:

    He should stick to funning around with his loathsome chum Werritty.

    Fox is a complete idiot, and lacks any ability to analyse what has happen outside his own narrow world of sleazing and generally vile behaviour.

    For example, how can anyone with 2 little grey cells even begin to think that New Labour “made wealth an embarrassment”? One need look no further than Blair, Mandelson, the chumming up with anyone with a few bob, a yacht or a place in the West Indies. Brown himself seems to be no slouch in accumulating wealth.

    One presumes that all of us will be reduced to penury in this brave new Fox world; apart from, of course, politicians, their rich chums and anybody else that they think might help them fill their pockets.

    Fox is a chancre on an already pox-ridden Tory body.

    Like

    • 79
      arseholes says:

      “anybody else that they think might help them fill their pockets”.

      And their arseholes – haven’t the bumboys suffered enough?

      Like

  24. 54

    He will surely be cambasted for his postulations from his master.

    Like

  25. 56
    Calamity Clegg, Chief Cockroach says:

    It would be an absolute travesty if ████ Hoon is released from Belmarsh before May 2015.

    Like

    • 59
      Nick 'La Cucaracha' Clegg says:

      Chris was an amazing MP for his constituency and a brilliant Minister

      Like

      • 65
        Bill Quango rt hon mp says:

        I am thinking of joining the Liberal Democrats.

        Their supporters seem much more gullible than the average.
        Should be able to be leader in no time.

        Of course, socially, being a Liberal Democrat leader rather than Tory backbencher is a step down. But looking at his salary and expenses, financially it’s a step up.

        Like

        • 73
          Nick 'La Cucaracha' Clegg says:

          Bill we are always willing to accept people with experience, just send your CV over to me. Can you use one of those new fangled abacus thingies? as we may need someone who understands numbers

          Like

      • 101
        Butterfly says:

        Compared to Clegg, he may well be, but it still isn’t saying much.

        Like

      • 114
        New Balls says:

        FFS.

        Like

  26. 61
    Stella's pissed again says:

    Ex scout and Family centric MP displays gutter mouth

    Like

    • 103
      Everyone in Chingford says:

      Its not what she says that is interesting about Stella Creasy, it is what she doesn’t say. She has bever uttered a word in public about the corruption, waste and endemic mismanagement at Waltham Forest Council, while she is still willing to tell everyone about having been the mayor. Millions have gone missing.

      Like

  27. 62
    Moby Dick says:

    House of Commons

    600+ MPs

    slash to 400

    That will save loads

    won’t happen-RIGHT WING –HYPOCRITES

    Like

    • 99

      Fox should have been in Southwark Crown Court a long time ago but it seems a speeding ticket is much more important than having an unvetted US/Israeli funded ‘adviser’ sitting inside the ministry of defence.

      Like

    • 111
      Catty Comment (Ms) says:

      Do keep up Moby!!!

      Dave and the gang tried to do that a few weeks back but the ever loyal Clegg and his bumbandits threw their toys out of the playpen and refused to play ball so the matter had to be kicked into the same place that Clegg and Co should be.

      Like

  28. 63
    Bill Quango rt hon mp says:

    Fox in socks in box with Knox.
    Hand on cox in box with locks
    Clocks, tick tok tick tok tick tok
    Fox has pox, from fun with Knox
    If it was still 1950,
    Be in dock, for wearing frock
    Breaking rocks ,
    Make him strong as Ox,
    And extra attractive to “friend” of Fox.

    Like

  29. 64
    A little Titter ran through the court says:

    BEFORE THE HONOURABLE MR JUSTICE SWEENEY (2)
    SITTING AT 02:00 PM

    For Sentence
    T20127076 HUHNE Christopher

    PRYCE Vasiliki

    Order made under Contempt of Court Act 1981

    http://www.courtserve.net/courtlists/current/crown/sthwk_T130311.01.htm

    Like

  30. 67
    Judge Dave by his actions says:

    All you need to know about Dave is:

    He prefers homosexual expenses cheat LibDem David Laws to Liam Fox.

    Like

  31. 76
    Anonymous says:

    we should definitely pay attention to yet another dodgy politician, removed from office for being corrupt.

    Like

  32. 78
    JDave is more Bonkers than Brown. Drax that if you can says:

    So. Dave’s new cunning plan. Is to convert the largest power station in Europe, sat on the largest coal field in Europe, producing the cheapest electricity in Europe with CO2 emissions that have halved over just ten years into the largest wood burning power station in the world, producing the most expensive electricity in the world from wood chip grown in the largest man made forest in north America and processed and exported to the UK by massive amounts of fossil fuels.

    And all because electricity produced by woodchip does not have its pollution of the atmosphere taken into account because of pressure by the EU green Eco loons.

    Nice one Dave.

    Like

    • 84
      Dave is Dangerous says:

      Meanwhile the Dutch and the Germans are quietly shutting down their subsidised biomass power stations and quickly replacing them with coal fired stations with politically correct titles of coal/biomass generators that only use coal.

      Like

    • 85
      old SHEP says:

      and I thought coal was compressed wood.

      Like

    • 88
      Anonymous says:

      It is the fault of the voters for installing technology challenged MPs. But since most of them are significantly “consequence” challenged and delusional, science/engineering based MPs seem a distant luxury.

      It was certainly not my fault. I was not allowed to vote because of the corruption in the voting system.

      Like

    • 102
      Eco-Criminals says:

      The crooks are not even trying to hide their corruption anymore.

      Follow the money and see who is getting all the contracts.

      Like

  33. 80
    The Treacherous Tosser in No 10 says:

    I’m missing Chris so very much! Apart from Being One Of Us Wealthy Chaps, he was my WindMill Scam Czar . . . THAT’S the way to get the economy moving!!! . . . . What?

    Like

    • 89
      old SHEP says:

      They were cutting edge technology in the 17th century for grinding corn, hopeless at producing electricity though.

      Like

  34. 90
    Pawn Sandwich says:

    One more hour of freedom for the speedcam2.

    Like

  35. 94
    Cringle says:

    The only way of curtailing spending by our three liberal democrat parties will be when the lenders don’t rate their chances of getting their money back. At this point high interest rates will hit the spendthrift UK lifestyle and cuts will have to be made. Until then the party is still on.

    Like

    • 105
      The LabLibCon Alliance says:

      Liberal?

      All three are all collectivist, politically correct ( social Marxism ) tax and spend, planned economy, rigged markets, cartel supporting, eco-loon, crony corporatist supporting, socialist parties.

      Just as their masters in Brussels demanded.

      Like

  36. 116
    Not a millionare politcian says:

    I wonder which political party will be “brave” enough to raise the issue of stopping universal benefits for pensioners prior to the next election and make it a manifesto pledge, or will it be brushed under the carpet brought in by whichever of the wasters forms the next”government”.
    Its a pity the political commentators refuse to push this issue.
    Make sure you know where your candidates stand before you cast your vote.

    Like

  37. 119
    Jimmy says:

    Will he get credit for time served in Butch’s cabinet?

    Like

  38. 120
    Yvonne from the Colliers Arms Clydach says:

    Before that slimey little man opens his gob can he please show me the invoice for those business cards and the source for the payment thereof.

    if he things he can lie low and then come out of the woodwork he is dafter than Chris Huhne.

    Like

  39. 121
    Clown Shoes says:

    Enough with this “wealth creator” bullshit, please. If you pay a man to build a house, you’re called a wealth creator. If you build a house yourself, you’re just called a labourer.

    It never ceases to amaze me how many wealthy people have no understanding of how wealth is created. If all you did was spend some money and then cross your fingers, you are not a wealth creator – at best, you’re a necessary evil for the real wealth creators.

    Like

  40. 122
    Ed "Twelvety" Balls says:

    Everyone knows six times nine is forty two. I don’t get Douglas Adams’ point.

    Like

  41. 124
    Brown's Doormat for another decade. I don't think so!. says:

    The Banks need to be addressed. Time for the toxic debt issue to be addressed once and for all. Small businesses shouldn’t have to struggle to get loans. This status quo with the banks is preventing growth kickin in. Sort it out. Mr Fox!

    Like

  42. 125
    Anonymous says:

    “Fox took two minutes to quote Thatcher’s classic “socialists always run out of other people’s money”

    Pretty sure it was the banks that ran out of other people’s money.

    Socialism for the billionaires!

    Like

  43. 127
    James says:

    Fox is the kind of unappealing idiot who is making the Conservatives unelectable and who simply doesn’t understand how the world has changed. I am afraid to say that Labour will win the election unfortunately.

    Like

  44. 129
    Anonymous says:

    as to bedroom tax move out we have so many productive new immigrants to house.

    Like

  45. 130
    Civil Servant says:

    I sincerely hope Liam Fox’s vision forms the core of the next Tory manifesto

    Like


Seen Elsewhere

The School That Proves Michael Gove Was Right | Toby Young
Full Jenkin/Beckett/Straw Letter to PM | Politics Home
The ‘Buckingham Bonaparte’ is Cornered | Speccie
Coalition: The Movie | Indy
Lefties Moan About Messina Working For Cameron | MSNBC
Karen Danczuk V Louise Mensch: Round 48 | Sun
Jack Straw Slams Bercow | Sky News
Putin Shuts Down Red Square McDonalds | Telegraph
Paper Trail Suggests Ashcroft Still Funding Tories | Indy
Bradford Bun Fight Coming | Speccie
Former Minister’s Join ‘Canberra Caterer’ Outcry | The Times


new-advert
Westbourne-Change-Opinion hot-button


Lord Glasman tells it like it is:

“The first thing is to acknowledge that Labour has been captured by a kind of aggressive public sector morality which is concerned with the individual and the collective but doesn’t understand relationships.”



Owen Jones says:

We also need Zil lanes.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,420 other followers