tag:blogger.com,1999:blog-30881067.post-50568966952179989122008-05-14T08:08:00.004+01:002008-05-14T08:20:25.863+01:002008-05-14T08:20:25.863+01:00Alastair Darling's announcement yesterday about the new tax measures have only been able to do one thing, and that is destroy Labour's one and only <span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">argument</span> against the <span class="blsp-spelling-corrected" id="SPELLING_ERROR_1">Tories</span>. The cost of the new tax measures are around £2.7 billion, and the <span class="blsp-spelling-corrected" id="SPELLING_ERROR_2">government</span> is covering that cost by borrowing it.<br /><br />Yes, that's right at a time of a global credit crunch our government is taking on another £2.7 billion of credit. Also, the fact that they are borrowing the money means that this tax cut cannot be bu funded by the treasury. Or in <span class="blsp-spelling-corrected" id="SPELLING_ERROR_3">layman's</span> terms it is an "unfunded tax cut".<br /><br />Never again will they be able to throw that line against the <span class="blsp-spelling-corrected" id="SPELLING_ERROR_4">Tories</span> with out showing pure <span class="blsp-spelling-corrected" id="SPELLING_ERROR_5">hypocrisy</span>.The Last Boy Scouthttp://www.blogger.com/profile/16404137282451389896noreply@blogger.com