David Gauke

@DavidGauke ↗

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Last Checked Sept. 28, 2022

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Fri Aug 05 21:29:58 +0000 2022

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David Gauke @DavidGauke

Second, if we’re worried about the long term sustainability of the public finances, help needs to be temporary & therefore reversible. One off handouts are much easier to reverse than tax cuts. It’ll be very difficult for a Tory Govt to put up taxes when energy prices fall. /3 — PolitiTweet.org

Posted Aug. 5, 2022

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David Gauke @DavidGauke

First, & most obviously, tax cuts will be badly targeted. The poor don’t pay income tax or NICs & would benefit least in cash terms from a VAT cut. If we’re borrowing to protect living standards (which we shd only do in exceptional circumstances) it shd be to help the poorest. /2 — PolitiTweet.org

Posted Aug. 5, 2022

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David Gauke @DavidGauke

Third, specifically on a VAT cut, it must be better to support people directly than to subsidise energy prices. We need to incentivise reduced energy use over the coming winter to keep lights on & price has a part to play. Better to give money to those who need it most. /4 — PolitiTweet.org

Posted Aug. 5, 2022