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The Bunker – News without the nonsense

Are the Tories Mad to Cut Taxes?

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.61K Ratings

🗓️ 17 July 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

As Tory leadership hopefuls pledge tax cuts galore, we ask if this would make any sense. What impact would these moves have? What else could they do instead? Andrew Harrison speaks to Giles Wilkes, a senior fellow from the Institute for Government and former special adviser to Theresa May on industrial and economic policy.  “I suspect they’re hoping the Tory membership don’t have a memory of the 70s and 80s.”  “These people running for the leadership are thinking in a three month timescale.”  “It’s a terrible idea to pump money into the economy right now.”  https://www.patreon.com/bunkercast Written and presented by Andrew Harrison. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold and Jelena Sofronijevic. Assistant Producer: Kasia Tomasiewicz. Audio production by Jade Bailey. THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved

0:05.5

photography but I turn it into earning a living at 60. I enrolled on a day course.

0:11.8

Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?

0:13.0

I loved going to college.

0:14.0

It's good you can retrain and do something.

0:16.0

Yeah, yeah.

0:17.0

Let's talk about working, learning, saving and making the most of living longer.

0:22.0

Phoenix Group is the UK's largest long-term savings and retirement business.

0:28.0

Search Phoenix Group living longer.

0:30.0

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0:32.0

From those happy greetings at the door to the warm cuddles on the sofa

0:36.7

so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so

0:55.3

look after theirs with dental life. Pick'm your host for today, Andrew Harrison.

1:12.4

Tax! It's top of the tax averaging 46 billion pounds with only the vaguest idea of how to pay for them.

1:25.4

Rishi Sunach's warnings about financial fairy tales are cutting little ice with

1:30.2

MPs who've labeled the most Thatcherite MP in the race as a socialist.

1:33.8

But amid vague talk of 20% efficiency savings and precious little mention of the

1:38.2

precious on health, education and other priorities that the Office for Budget Responsibility says has put public debt on an unsustainable path,

1:46.0

very few are asking the biggest question.

1:49.0

Does it make any sense to cut taxes and inject money into the economy during a

1:53.4

want-in-a-generation inflation crisis. Wouldn't you just stoke that inflation

1:57.5

further? Luckily I have Giles Wilkes, former economics special advisor to

...

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