David Gauke

@DavidGauke ↗

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Last Checked Dec. 17, 2022

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Mon Oct 17 07:44:20 +0000 2022

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David Gauke @DavidGauke

Reversing the 1p cut in income tax may not be enough. Very likely that the new Chancellor will have to pull one of the big tax levers - income tax, NI or VAT - to raise more revenue. — PolitiTweet.org

It is evident that the public finances are in a mess and very tough decisions are needed to put them on a sustainab… https://t.co/soS6zz3Y9D

Posted Oct. 17, 2022

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David Gauke @DavidGauke

@oflynnsocial I agree with that. But the energy support package is temporary which is why the markets appear to be less worried about it. This also means making savings here (as we should) isn’t sufficient to restore confidence. — PolitiTweet.org

Posted Oct. 16, 2022

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David Gauke @DavidGauke

This will come as a shock to Conservative MPs but to recover credibility it will be necessary (but not sufficient) for the HSCL to be implemented (that is, a NICs increase) or for higher VAT or income tax rates to be announced this morning. — PolitiTweet.org

Posted Oct. 17, 2022