Tories Want Drivers to Subsidise Marriage

The Tories are scrabbling a bit to justify their marriage tax allowance plans, they will always be scrabbling to justify themselves on tax during this campaign unless they start making a more optimistic case for tax revenue growth based on policies that kick start the economy rather than just putting taxes up.  They are playing a zero-sum game devised by Brown and Balls, so they have to go through a charade of finding some way of funding the plan.

They have fallen back on green taxes on motorists, yet again.  How many times have they reached for green taxes to fund a spending commitment?

1.8 million voters signed a petition against more green taxes on car users.  Drivers already pay huge amounts of tax, more taxes would be extremely unpopular – when you go green, you lose votes. Think again.

UPDATE : Osborne just denied they were going to put up car taxes on the Today programme. Good. Time for a coffee.




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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