How Osborne Can Outwit Clegg Tomorrow

osbo-clegg-outwit

It is no secret that the budget is expected to see an announcement of the raising of the income tax threshold. It is no secret because Clegg is boasting at every opportunity that he can that this is a LibDem policy to help the low paid. With some justice, co-conspirators will remember that Daniel Finkelstein argued that raising the threshold was unaffordable and “punk tax cutter” Guido argued it was affordable and politically savvy. Nick Clegg joined the argument about this policy before the election – on Guido’s side. In government the policy was implemented by Osborne as part of the coalition deal. Nevertheless the LibDems get all the credit for the policy from the voters.

So how could the ever political Osborne get the electoral credit for the policy? Let Guido suggest how his speech might play out:

“Mr Speaker I have received many representations, not least from the junior partners in the government coalition, about raising the minimum tax threshold by £500, I have decided to reject these representations.

Mr Speaker it is not in the country’s interest to risk the stability of the economy…

[JEERING FROM OPPOSITION BENCHES]  

…it is for that reason that I have decided that now we are seeing balanced growth, falling unemployment and a stable macroeconomic outlook, to raise the tax threshold by £1,000 to £11,000. The Conservative Party is a tax cutting party and when it is prudent to do so we will cut taxes for everybody. This tax cut removes the tax burden from thousands more people on low pay.”

In one stroke Clegg is outbid on fair taxes, the policy is reclaimed for the Tories, Osborne is cheered by his backbenches and the lowest paid are better off. Even better, most of those on in-work benefits will see their benefits reduced by an equivalent amount. The Brown benefits dependency culture will be undone a little bit more… 




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

David David responds when asked if he’s confident he can make a success of Brexit:

“Why on earth could it go wrong?”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Labour Drops Student Anti-Semitism Probe Labour Drops Student Anti-Semitism Probe
Israeli “Plot”: Latest Israeli “Plot”: Latest
Video: Putin on Russian Prostitutes Video: Putin on Russian Prostitutes
New European: Leave Voters “Lager Louts” New European: Leave Voters “Lager Louts”
Sion Simon Deletes Pro Remain Statement Sion Simon Deletes Pro Remain Statement
John Woodcock’s Fake News John Woodcock’s Fake News
May’s Brexit Plan – Full Text of Speech May’s Brexit Plan – Full Text of Speech
May Speech: Briefed Quotes May Speech: Briefed Quotes
Labour MP in Grieving Gaffe Labour MP in Grieving Gaffe
Sion Simon Impersonates a Brexiteer Sion Simon Impersonates a Brexiteer
Oxfam Attacks World’s Biggest Charitable Donor Oxfam Attacks World’s Biggest Charitable Donor
Trump vs Corbyn: Who Said It? Trump vs Corbyn: Who Said It?
Hammond: No Deal and I’ll Make UK Tax Haven of Europe Hammond: No Deal and I’ll Make UK Tax Haven of Europe
Benn’s Brexit Committee Bunfight Benn’s Brexit Committee Bunfight
Prospective Labour Candidate is Dominatrix Prospective Labour Candidate is Dominatrix
Watch: Corbyn Not “Out of Control” Watch: Corbyn Not “Out of Control”
Real Brexit: Gove Sets The Standard Real Brexit: Gove Sets The Standard
Tristram: V&A Must Charge for Entry Tristram: V&A Must Charge for Entry
Stoke: Fierce Four-Way Fight Stoke: Fierce Four-Way Fight