From: Justin Beament, Crediton, Devon.
The results of recent by-elections and Labour’s overturning of large Tory majorities in Mid Bedfordshire and Tamworth have revived a clamour for tax cuts among Conservative Party members. In a climate of strained Government finances and personal tax allowances fixed until 2028, this would be absolutely the wrong decision to make. Tax cuts would further exacerbate the appalling state of our public services and finances, especially in the NHS and schools.
It was only a year ago that Liz Truss’s mini-budget, which gave tax cuts to higher earners, caused near economic collapse and a run on the pound with the consequences of punitive, mortgage interest rates.
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