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The Guardian view on budget tax cuts: stealing from the public | Editorial

The Guardian view on budget tax cuts: stealing from the public | Editorial

The Guardian view on budget tax cuts: stealing from the public | Editorial
Feb 29, 2024 48 secs

Reducing the tax burden for the less well-off undoubtedly has a place in an even-handed approach to Britain’s economic challenges.

But renewed backbench calls for cuts in personal taxes in advance of Jeremy Hunt’s pre-election budget reveal a party that has learned nothing.

It is only 18 months since Liz Truss and Kwasi Kwarteng brought the UK economy to its knees by pursuing exactly this approach.

Sterling crashed to its lowest level against the dollar in half a century after they declared their tax-cutting budget was just the start.

Desperate gestures of this kind seem increasingly typical of a party which, as Rishi Sunak’s ludicrous warnings of mob rule show, seems to possess a bottomless capacity for fixating on the wrong things.

Much of this is due to a rewriting of Conservative history under Margaret Thatcher, in which tax cuts have come to be treated as the litmus test of true Toryism and as a surefire guarantee of electoral success.

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