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Brown’s tax giveaway will cost jobs and retard growth

Higher national insurance payments and other taxes will cost the economy 175,000 jobs over the next four years, according to Oxford Economics, an independent consultancy.

Mr Brown has set out plans to increase taxes after the next election to fund a temporary “fiscal stimulus” package including a time-limited cut in VAT and bringing forward some spending plans. The package will add to the Government’s huge borrowing, and require national insurance and income tax to rise in 2011/12.

Any fule no that taxes on jobs mean less jobs. Except those who make government policy. What’s the matter with these people? If anyone asks “What would you do?”, we have a quick answer. Alas, nobody is asking.

Report in The Daily Telegraph