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Cameron 'faces £20bn tax cut row' | Cameron 'faces £20bn tax cut row' |
(20 minutes later) | |
David Cameron is reportedly facing a showdown with his own policy-making body over its call for £20bn tax cuts. | David Cameron is reportedly facing a showdown with his own policy-making body over its call for £20bn tax cuts. |
The Tory leader's Tax Reform Commission - set up last year to create new policy ideas - wants cuts in income and inheritance tax, the Spectator reports. | The Tory leader's Tax Reform Commission - set up last year to create new policy ideas - wants cuts in income and inheritance tax, the Spectator reports. |
But such a move could torpedo Mr Cameron's pledge to increase spending on schools and hospitals. | But such a move could torpedo Mr Cameron's pledge to increase spending on schools and hospitals. |
The Tories say the Commission's report is not finished - and they will not speculate on its contents. | |
The leaked report is likely to be seized on by Labour as evidence that the Conservatives are planning cuts in public services. | The leaked report is likely to be seized on by Labour as evidence that the Conservatives are planning cuts in public services. |
The tax commission, chaired by Lord Forsyth, is reported to have come under pressure from Shadow Chancellor George Osborne to water down its proposals ahead of their publication in October. | The tax commission, chaired by Lord Forsyth, is reported to have come under pressure from Shadow Chancellor George Osborne to water down its proposals ahead of their publication in October. |
They are thought to have been leaked to the Spectator in an attempt to head off further criticism. | They are thought to have been leaked to the Spectator in an attempt to head off further criticism. |
'Green taxes' | 'Green taxes' |
The tax commission was set up by Mr Osborne before Mr Cameron became leader and began distancing the party from a tax-cutting agenda. | The tax commission was set up by Mr Osborne before Mr Cameron became leader and began distancing the party from a tax-cutting agenda. |
Mr Cameron has said economic stability and "sharing the proceeds of growth" are more important than cutting taxes. | Mr Cameron has said economic stability and "sharing the proceeds of growth" are more important than cutting taxes. |
Some of the proposals reportedly contained in the commission's report - such as the abolition of stamp duty on share transactions - have already been backed by Mr Osborne. | Some of the proposals reportedly contained in the commission's report - such as the abolition of stamp duty on share transactions - have already been backed by Mr Osborne. |
But his plans to raise more money through "green taxes" are not included and there is no mention of council tax reform, despite Tory attacks on Lib Dem plans for a new local tax. | But his plans to raise more money through "green taxes" are not included and there is no mention of council tax reform, despite Tory attacks on Lib Dem plans for a new local tax. |
Speaking earlier, Shadow Paymaster General Mark Francois said: "The message from this year's [Lib Dem] conference is clear: a vote for the Lib Dems is a vote for a 5p in the pound local income tax and an average two grand tax on your house on top." | Speaking earlier, Shadow Paymaster General Mark Francois said: "The message from this year's [Lib Dem] conference is clear: a vote for the Lib Dems is a vote for a 5p in the pound local income tax and an average two grand tax on your house on top." |
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