The last thing Britain needs is tax rises, Rishi
As you reported last week, former Cabinet Minister David Davis is leading a Tory rebellion to stop Rishi Sunak unveiling a tax-raising Budget – and he is right to call for a US Reaganomics-style recovery.
We need a strategy of reduced taxes and red tape, strong defence against bullying dictatorships, renegotiated trade deals, repatriation of manufacturing, jobs and offshore billions, selfsufficiency in energy, and strengthened borders.
Roy Daniels, Luton
The Government should take the money from those with millions. I am in my 80s and have always been very careful with money. I have a pension and pay tax but I will honestly struggle if my taxes are increased.
Y. Barton, Somerset
Reaganomics led to the US government buying growth by pumping vast amounts of borrowed money into the economy. We’ve already pumped billions into our economy and it’s smaller than it was before Covid. It’s a card we’ve already played and we are going to struggle for many years to repay the debt. To suggest we double down is reckless in the extreme.
K. Roberts, Gloucestershire
In an uncertain situation like this the sensible option for the
Chancellor is to defer from making any drastic moves to save U-turns or, worse still, doing further damage to the economy. Instead he should observe, check, test, move slowly and prepare to speed up when the strategy for tackling the pandemic is more certain.
E. Lee, Oxford
It’s about time the Chancellor helped the ordinary and poor people rather than the rich. People have worked really hard to keep their jobs and help fund furloughed workers. Yet they receive nothing and now are threatened with tax rises too.
T. Peters, Surrey
I criticised Mr Davis during Brexit but this is a sensible approach. Taxing people to such a high degree is simply counter-productive.
I. Wright, Leeds
When stamp duty was reduced, the housing market took off in many parts of the country. As a result, builders, decorators and tradesmen of all sorts have been busy. I think a substantial, temporary reduction in VAT would be a massive boost to shops, restaurants and other businesses and eliminate the need for direct Government support.
M. Hughes, Brighton
Cutting taxes means cutting services. Which services does David Davis want to see cut? The police? The Army? The NHS?
B. Smith, Shropshire
All of the money that has been splashed about by the Government is going to have to be clawed back – they will creep in tax rises just about everywhere they can and if you don’t believe it, you’re deluded.
D. Knight, Cheshire