From: John Armstrong, Main Street, Stillington, North Yorkshire. Yorks
Post.
YOU reported that Nick Clegg urged the Chancellor to face up to “economic
reality” and raise taxes (Yorkshire Post, September 18).
I find Clegg’s doublespeak intensely frustrating. Workers in Yorkshire paying
the basic rate of tax are already paying (counting National Insurance) a third
of their wage to the taxman. For higher rate payers, it’s half. For our businesses
that do make a profit, almost a quarter goes to the Exchequer.
But it doesn’t end there – 20 per cent of most of the price of many of our
purchases is taxed and for every £50 of petrol I put in my car, £30 goes to
Nick. Is he trying to tell me (with a straight face) that more taxation is the
solution?
It is Clegg, not the Chancellor, that needs to face up to “economic reality”.
High taxation is already directly strangling economic growth by taking money out
of workers’ pockets. If the state cannot balance its books on its already
bloated take, it needs to curb its expenditure. Unpopular? Maybe.
Economic realist, Mr Armstrong? - Oh, yes.
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