We keep being told that Gordon Brown has been a brilliant chancellor. It's something that even many of the general mpublic seems to have swallowed. Conservatives should start fighting this ridiculous assertion. Far from being prudent, he has squandered the proceeds of 12 years of econominc growth to the extent that he will have the embarrassment of announcing in Wednesday's budget that the level of taxation is now at its highest ever. Of course, it won't figure in his speech, it will be hidden away in the small print. But the fact remains that in 2009-10 the Chancellor will riase £616 billion in taxes, more than double the level he inherited in 1997 allowing for inflation. This equates to 38.1% of the economy and £10,000 for every person in the country.
What an admission of failure. If the economy was in such good shape he'd be cutting taxes, not increasing them. Hattip News of the World.