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3 January 2009

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Jackson slams Chancellor's Christmas tax bombshell

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Following the Pre-Budget Report, local MP Stewart Jackson has slammed Chancellor Alistair Darling for reckless borrowing, storing up massive tax rises in the next few years.

Stewart Jackson MP

He commented: “However Brown and Darling wrap it up, it’s still a Christmas tax bombshell.

“Because Gordon Brown thought he had abolished boom and bust, he failed to fix the roof when the sun was shining. Now we are all paying the price. He has left the British economy the least well prepared in the world to deal with the downturn. Now, the Government has made it clear that it is going to add to Britain’s borrowing problem with a massive tax con. That will create a long-term borrowing bombshell.

“The British public are not fools - they can spot the difference between a tax cut and tax con.

“It is quite astounding that Darling does not propose to balance the budget until 2015. The national debt will rise to over £1 trillion.

“The Conservatives argue for spending restraint. We will reduce the growth rate of spending in 2010-11, the first full year of any likely Conservative Government, and for future years, below the levels currently forecast by the Government. So the choice is between tax cons now and tax rises later with Labour, or fiscal responsibility and funded, permanent tax cuts with the Conservatives.” 

Stewart Jackson was elected in May 2005 to represent the Peterborough constituency in the House of Commons. To find out more about him, his views and activities, visit his website at www.stewartjackson.org.uk

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