In an interview with News’ Sunday Morning Paul Johnson, the director of the Institute for Fiscal Studies, stated on the Trevor Phillips show that the size of the financial issue before the next government was a topic that neither of the major parties wanted to discuss.
Following the much-discussed Tory assertion that Labour would raise taxes by £2,000, the election commitment was made.
The Conservatives claim that following tax increases in recent years, they are now lowering taxes, and as part of their election campaign, they plan to make additional cuts.
However, Mr. Johnson stated: “I do hope they would stop ruling things out because when they take office, they could find that they regret it.
“I guess what concerns me is that, because the basic taxes have been ruled out, we will eventually be left with complex taxes that could be detrimental to the economy.
“Whether it’s on companies or on investment or what have you, which people can’t see.”
He then on, “I just wish they would quit talking about things they won’t do because they get themselves into a lot of trouble.”
The more they promise not to raise income taxes, alter national insurance contributions, raise council taxes, or do any of these other things, the more they pay.
