Osborne’s four myths mean he hits the poor and helps the rich

George Osborne performed his main role at conference: to produce some good news to deflect attention from defection and deviance. Abolishing death taxes while targeting tax avoiders sounds good and the Tory faithful loved it. And this is good news on the cheap.

The Treasury estimates that the move will cost £150m in a total government budget which is estimated to be £732 billion in 2014-15. It does not cost much because it will only benefit a small number of prosperous pensioners. And the conference also loved the freeze on working-age benefits; which means a cut in real terms for the unemployed and those on low incomes.

Full Bog continues here on The Conversation website

Advertisements

About mk242013

Economist
This entry was posted in economic policy. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s