Tory spending plans
The Economist also looks at the Tories' spending plans. It notes that in 2007/2008, so probably around the start of the third year of the a Conservative government, Labour expects to bring in 40.2% of GDP in taxation, whilst the Conservatives will take in 39.9%.This compares to the current level of 37.5%. *
* Eagle-eyed readers** note that both parties claim that they will not raise taxes after the election yet this suggests they are. I think the solution is that both claim they will not raise taxes over and above the government's plans for 2007/2008.
** Eagle-eyed readers who have little else to do on a Friday evening.
posted by Matthew @ 1/21/2005 09:10:00 PM
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