This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/uk_politics/5397426.stm
The article has changed 13 times. There is an RSS feed of changes available.
Version 0 | Version 1 |
---|---|
Cameron faces policy tax demand | Cameron faces policy tax demand |
(about 2 hours later) | |
Tory leader David Cameron is facing new pleas to commit the Conservative party to a policy of tax cuts. | Tory leader David Cameron is facing new pleas to commit the Conservative party to a policy of tax cuts. |
The Thatcherite No Turning Back Group is to publish a pamphlet setting out the case for the move. | The Thatcherite No Turning Back Group is to publish a pamphlet setting out the case for the move. |
The call by the group, chaired by the former minister John Redwood, focuses on longer term aspirations rather than setting out specific policies. | The call by the group, chaired by the former minister John Redwood, focuses on longer term aspirations rather than setting out specific policies. |
It comes as Mr Cameron rebuffed tax cut demands, saying economic stability had to be the party's first priority. | It comes as Mr Cameron rebuffed tax cut demands, saying economic stability had to be the party's first priority. |
Mr Redwood denied he was at odds with his leader and Mr Cameron would accept the longer term case he was proposing. | Mr Redwood denied he was at odds with his leader and Mr Cameron would accept the longer term case he was proposing. |
Mr Cameron told the first day of the annual conference in Bournemouth: "While people wanted, more than anything, stability and low mortgage rates, the first thing we talked about was tax cuts." | Mr Cameron told the first day of the annual conference in Bournemouth: "While people wanted, more than anything, stability and low mortgage rates, the first thing we talked about was tax cuts." |
Economic stability | Economic stability |
And he told BBC's Sunday AM programme: "Those people who say they want tax cuts and want them now - they can't have them." | And he told BBC's Sunday AM programme: "Those people who say they want tax cuts and want them now - they can't have them." |
He has said that economic stability must come first and has only gone so far as to pledge to share the proceeds of growth between public spending and tax cuts. | He has said that economic stability must come first and has only gone so far as to pledge to share the proceeds of growth between public spending and tax cuts. |
Mr Redwood said he backed Mr Cameron's call for any proceeds of growth to be shared between spending and tax cuts. | |
He said he saw the pamphlet as part of the continuing development of policy. | |
He told the BBC's Today programme reports he was at odds with his leader were "nonsense". | |
"We entirely agree with him," he said. | |
He said they agreed they should not take risks with economic stability and believed in "sharing the proceeds of growth". | |
"All of the proceeds of growth have been taken by the state and wasted," he said. | |
Should the current tax levels remain under a Conservative government, it was likely there would be some economic growth as there had been under Labour "but I am also going to argue today that if you are able to reduce tax rates you get faster economic growth". | |
He pointed to the Republic of Ireland which had seen growth "three times" more than the UK over the same period. This, he said, was because of lower tax levels. | |
But the proposal may add fuel to the row and could overshadow what Mr Cameron hopes will be a positive, optimistic and forward-looking rally. | But the proposal may add fuel to the row and could overshadow what Mr Cameron hopes will be a positive, optimistic and forward-looking rally. |
Tax reform commission | Tax reform commission |
The debate is also likely to be intensified when the party's tax reform commission reports back later this month. | The debate is also likely to be intensified when the party's tax reform commission reports back later this month. |
That group, created by shadow chancellor George Osborne and headed by Lord Forsyth, is also expected to call for tax cuts of up to £19.5bn, including a cut in the basic rate of tax. | That group, created by shadow chancellor George Osborne and headed by Lord Forsyth, is also expected to call for tax cuts of up to £19.5bn, including a cut in the basic rate of tax. |
Mr Osborne has restated his support for Mr Cameron's line. | Mr Osborne has restated his support for Mr Cameron's line. |
He declared at a conference fringe meeting that, while he believed in lower taxes, his first priority would be to guarantee economic stability, keep interest rates and inflation low. | He declared at a conference fringe meeting that, while he believed in lower taxes, his first priority would be to guarantee economic stability, keep interest rates and inflation low. |
He said: "If it was a choice between economic stability and tax cuts, I will choose economic stability." | He said: "If it was a choice between economic stability and tax cuts, I will choose economic stability." |