Belfast Telegraph

Monday 22 September 2014

PM hints at post-election tax cut

The PM's desire to 'give people back some of their hard-earned money' follows comments by Chancellor George Osborne

David Cameron has indicated that taxes could be cut as the economy recovers after the 2015 general election and said he looked forward to being "liberated" in a Conservative-only government.

The Prime Minister's desire to "give people back some of their hard-earned money" follows Chancellor George Osborne's commitment that the Government's deficit reduction plans can be achieved without further tax rises following the 2015 poll.

But Mr Cameron appeared to go further, saying: "I think your economy does better if you say to people, 'You've worked hard, you've done the right thing, here is some of your own money back in a tax reduction'."

Mr Osborne said earlier this month that "tax increases are not required" to achieve his economic plans beyond 2015/16, as he intended to bring the nation's books into balance by imposing more spending cuts.

Mr Cameron said: "What George said, and what he's absolutely right about, is that our plans as set out and announced, that show (a) further need for spending reductions in order to meet our deficit targets, they don't include any plans for tax rises."

Asked on BBC One's Andrew Marr Show if that was a pledge to voters, the Prime Minister said: "I'm a low-tax Conservative. I think as we start to see the economy healing - and it is healing; as we start to see the economy grow stronger - and it is growing stronger; as we start to see the country improve, actually I want to give people back some of their hard earned money and try to reduce their taxes.

"That is what drives me as a Conservative. I think your economy does better if you say to people you've worked hard, you've done the right thing, here is some of your own money back in a tax reduction."

But he added that "no government can ever give a blanket assurance about every single thing under the sun".

The Prime Minister said he believed securing an outright Conservative majority in 2015 was an achievable goal.

"I'm aiming for victory and I'm going to fight all out for victory, and I think victory is achievable if we really roll up our sleeves and deliver," he said.

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