Stimulating Growth

The problem with our piecemeal taxation regime is that it does not provide an effective rudder to steer the economy at times of stress. Had the government had the guts to reform it to a single rate of income tax, as a constituent part of three linked but flexible core elements of taxation, income,vat and personal allowances, it would now be able to do something positive, without risking a debt led boom.

All the details are set out in the appropriate chapter of my book 2010 A Blueprint For Change. I know for a fact some of them read it. Whether they understood is another matter.

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