Chancellor scoffs at 'foolish' tax cutting ploy

THE Chancellor, Kenneth Clarke, last night brushed aside backbench demands for a giveaway election Budget, insisting that the Tories' re-election hopes rested on the sound management of a growing economy. In a candid admission, Mr Clarke had earlier said that the Government had failed to delive...

Full description

Saved in:
Bibliographic Details
Published inThe Guardian (London)
Main Author ALEX BRUMMER RICHARD THOMAS IN WASHINGTON
Format Newspaper Article
LanguageEnglish
Published Manchester (UK) Guardian News & Media Limited 30.09.1996
Online AccessGet full text

Cover

More Information
Summary:THE Chancellor, Kenneth Clarke, last night brushed aside backbench demands for a giveaway election Budget, insisting that the Tories' re-election hopes rested on the sound management of a growing economy. In a candid admission, Mr Clarke had earlier said that the Government had failed to deliver the tax cuts it promised before the 1992 election. He said voters would remember the Tories had promised tax reductions four years ago, and had failed to deliver. "Frothy tax cuts won't win a vote," he told GMTV's Sunday programme. Speaking after a meeting of the IMF's policy making group, Mr Clarke said: "A government that intends to win an election does not create problems for itself by behaving foolishly a few months before."
ISSN:0261-3077