The Budget: fiscal triangulation
Makes to much sense for the Legacy Party’s to think of it.
Most political parties, including UKIP, agree that the UK needs to cut the budget deficit. And to the extent that George Osborne’s new budget seeks to do that, he deserves half a cheer. The main thrust of UKIP’s criticism is not that he’s cutting the deficit, but that there was no mention of the immigration issue which is causing massive wage compression at the bottom of the income scale, and damaging the living standards of unskilled and semi-skilled workers. We also argue that while cuts are necessary, he’s cutting the wrong things — attacking the living tree while ignoring the dead wood.
But there’s also a fundamental misunderstanding out there amongst some of the old parties, especially Labour and the Lib-Dems. They see the need to cut the deficit, but they regard that as a simple, binary, either-or proposition. You can cut spending, or you can increase taxes. Take your…
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