Tory party pension plan – Let’s cut a tax

August 27, 2006

The Tory party has given up on it’s recent attempts at economics and has gone back to simply suggesting they’ll slash taxes again.

George Osborne, the Tory’s shadow Chancellor, reckons that scrapping Stamp duty on share trading will give a big boost to the major share holding pension schemes. Of course, it’ll also rob 4 billion quid from the treasury.

Osborn also talked of removing lower-paid workers from tax altogether. In fact, he’s talked about a number of ways in which he’d get rid of lots of money that’s currently going into the treasury; possibly he just wants to make the job of Chancellor slightly easier. It’s clearly left Gordon knackered.

Of course, the whole thing is just a ludicrous and transparent attempt to lure greedy voters away from New Labour. It’s just getting to the point where I wish the Tories would admit they stopped being a serious political party some time in 1992, and just bugger off. Every time they elect a new leader, they end up going through the same process of completely failing to do anything with the party and then go to the election on a raft of tax cuts that aren’t fooling anyone. It’s crap opposition that’s allowed Blair to get away with murder for the past nine years, and unless one of the other parties shows us they’re competent he’ll continue to do so.


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