A Conservative government would not rule out raising taxes in order to shrink the UK's soaring deficit, shadow minister Ken Clarke has said.The shadow business secretary told the Sunday Telegraph it would be "folly" to rule out increases, including on VAT, alongside cuts in public spending. "Coming out of a recession when you have such a severe deficit, you can't rule out putting up taxes," he said.
A Conservative government would not rule out raising taxes in order to shrink the UK's soaring deficit, shadow minister Ken Clarke has said.
The shadow business secretary told the Sunday Telegraph it would be "folly" to rule out increases, including on VAT, alongside cuts in public spending.
"Coming out of a recession when you have such a severe deficit, you can't rule out putting up taxes," he said.
Coming out of a recession...
The USA's turn for dark political comedy will come in November. I have little hope it will be less of a farce. But our farce is likely to top yours if only because it is so much larger in scale. What glorious leaders we both have. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
Expect Ken to be sidelined pretty soon. keep to the Fen Causeway
