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David Gauke @DavidGauke

Quite a lot of commentary that Hunt has gone further than expected. But such is the size of the fiscal hole that most of the work still needs to be done. This will probably include another big tax increase and I don’t think Conservative MPs are remotely prepared for that. — PolitiTweet.org

Posted Oct. 17, 2022
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David Gauke @DavidGauke

RT @George_Osborne: Congrats to Jeremy Hunt for taking big bold steps to restore U.K. fiscal credibility - reversing most of mini budget &… — PolitiTweet.org

Posted Oct. 17, 2022 Retweet
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David Gauke @DavidGauke

Sensible move to scrap 1p cut in basic rate of income tax. But as the Chancellor hinted, there will probably have to be further revenue raisers on 31 October. — PolitiTweet.org

David Gauke @DavidGauke

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

It was a fair point. — PolitiTweet.org

Emily Ashton @elashton

Reading back our Truss profile from when she became leader - just six weeks ago. 'The risk is she will too often ba… https://t.co/vegu8trAYu

Posted Oct. 17, 2022
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David Gauke @DavidGauke

If the Chancellor does increase the rates of one of the big taxes (probably necessary to reassure the markets, I would argue), this will be a real test of Tory MPs especially on the right. If they refuse to back him, this runs the risk of undermining market confidence. — PolitiTweet.org

Posted Oct. 17, 2022
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David Gauke @DavidGauke

Here's the view of someone who has spent many years advising Ministers on tax policy. https://t.co/ciPK0V0yhO — PolitiTweet.org

Edward Troup @edwardtroup

Using VAT to fill the hole is less anti-growth than a NICs rise. We purists would prefer it. And the ground has a… https://t.co/edF5E4TJ7U

Posted Oct. 17, 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
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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

David Gauke @DavidGauke

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

It is evident that the public finances are in a mess and very tough decisions are needed to put them on a sustainable footing & reassure the markets. Yet both main parties favour reducing the basic rate of income tax. Can’t see how that is affordable. — PolitiTweet.org

Posted Oct. 16, 2022
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David Gauke @DavidGauke

@redhistorian Very good point. I don't think the Labour issue gets enough attention given the probable result of the next election. (I think nearly everyone recognises that the Tory system is wrong & damaging for the country but just not applied the same thinking to Labour.) — PolitiTweet.org

Posted Oct. 15, 2022
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David Gauke @DavidGauke

RT @redhistorian: @DavidGauke Labour's processes are actually worse on this point: under Labour's rules, Boris Johnson could have been re-e… — PolitiTweet.org

Posted Oct. 15, 2022 Retweet
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David Gauke @DavidGauke

Absolutely right - including the fact that Labour also has this flawed process. — PolitiTweet.org

Oliver Kamm @OliverKamm

It will be obvious to all but dogmatists that Labour & the Tories (the only parties from which a PM will come) have… https://t.co/0AE2D…

Posted Oct. 15, 2022
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David Gauke @DavidGauke

RT @GavinBarwell: It shouldn't need saying, but one of the lessons of the last few weeks is that being Prime Minister, particularly in diff… — PolitiTweet.org

Posted Oct. 15, 2022 Retweet
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David Gauke @DavidGauke

Just as the PM’s statement was inadequate in tone and substance, Jeremy Hunt’s interview on #r4today was very good on both counts. — PolitiTweet.org

Posted Oct. 15, 2022
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David Gauke @DavidGauke

RT @HeleneBismarck: Tory MPs who supported the hardest of Brexits, the prorogation of Parliament&the Internal Market Bill, tolerated Johnso… — PolitiTweet.org

Posted Oct. 14, 2022 Retweet
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David Gauke @DavidGauke

RT @SkyNews: "There was a need to say sorry." Former Tory MP David Gauke tells Sky News that the Prime Minister's news conference today ha… — PolitiTweet.org

Posted Oct. 14, 2022 Retweet
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David Gauke @DavidGauke

@DJSkelton It didn’t go well. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

Remembering how chaotic it felt when England had four Test captains during one series against the West Indies in 1988. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

RT @ProfTimBale: Truss's press conference earlier today really was a 'Go Big or Go Home' moment. As others (eg @DavidGauke) have pointed o… — PolitiTweet.org

Posted Oct. 14, 2022 Retweet
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David Gauke @DavidGauke

@ProfTimBale Not the worst mistake made on Twitter this week, you Tory apologist!😉 — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

@ProfTimBale Indeed - see my next post on the thread. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

This was before the press conference. Matters did not get better. — PolitiTweet.org

Times Radio @TimesRadio

“The prime minister is now the prisoner of the markets.” Former Treasury minister @DavidGauke says it will be “gam… https://t.co/ChbdjzlH8r

Posted Oct. 14, 2022
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David Gauke @DavidGauke

Her audiences were Conservative MPs, the public and the markets. None have been convinced. That won't do. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

She really needed to throw everything at reassuring the markets - this was no time for half measures. But she didn't do anything else on tax (leaving her with £25bn of unfunded tax cuts) but made vague promises on public spending. Don't see how she's going to deliver that. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

There was no real acceptance of responsibility, no apology. Then, when it came to the policy issue - how to deliver sustainable public finances - she needed to convince the markets that she had a plan. Dropping her corporation tax policy had been priced in - what else was there? — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

Why didn't it do? The PM's statement failed both in tone & substance. For the last 3 weeks, people have had sleepless nights worrying about paying the mortgage, their business going under etc because of avoidable mistakes made by the PM and Chancellor. Some contrition was needed. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

This is from yesterday for @NewStatesman. In policy terms, the PM is getting there but I suspect she is still relying on implausible levels of spending cuts. And there needs to be at least some empathy & contrition. https://t.co/2veIj59avg — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

That won’t do. — PolitiTweet.org

Posted Oct. 14, 2022
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David Gauke @DavidGauke

My piece for ⁦@NewStatesman⁩ from yesterday on why it was only a matter of time before there would be a reversal of the Government’s tax policy. By the looks of it, matters now moving very quickly - this explains why. https://t.co/2veIj59avg — PolitiTweet.org

Posted Oct. 14, 2022