17 November 2008

Recipe for Economic Disaster

I am becomingly increasingly concerned about the Government's plans to get us out of this recession. There is no sensible way the Conservatives should be working and supporting the Government.

What concerns me is the inevitability of medium term tax rises to pay for higher levels of borrowing. As the world is coming out of recession, enterprise and investment will be stifled in the UK because of higher taxes. At the same time, demand for oil will rise and we start to see the price of oil rising above $150 per barrel. The combination of those two will see us plummet into recession again.

The most annoying part of where we are is that anyone who has just a small amount of contact with National Government knows absolutely that it is inefficient and over-bureaucratic. There is huge potential for savings in order to fund investment and tax cuts. That should be the Conservative agenda.

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