Boris tells George to cut tax and the 50p tax band

An unapologetic backer of the City, Boris Johnson, in the Daily Telegraph out tomorrow, urged George Osborne to cut National Insurance and reduce the 50p tax band.  If you believe that we need to boost the economy, and you want to know how, Boris is your man.

In a proper democracy, it is the patriotic duty of every politician to speak out if they believe they have a better solution.  The UK economy isn’t goingwell and it’s clear that George can use some help.

The Telegraph reported tonight:  “The Mayor of London said a cut in taxes, including the scrapping of the 50p   higher income tax rate, was essential to encourage entrepreneurs and “send a signal” that Britain was “open for business”.

His demand came amid growing pressure on George Osborne to develop new   policies to boost economic growth. The Daily Telegraph disclosed that there was impatience among No 10 advisers, who wanted the Treasury to be more   imaginative in kick-starting the economy. The Chancellor said yesterday that   there was underlying growth in the economy and that the Treasury’s tactics had “provided stability in a very unstable world”.

Official figures showed that economic growth between April and June was 0.2   per cent. Over the past year, the economy had risen by just 0.7 per cent —far less than ministers expected.

Mr Johnson is an increasingly outspoken critic of the Coalition and is seen as   the main rival to challenge Mr Osborne for the Conservative leadership when   Mr Cameron eventually steps down.

“You’ve got to look at ways of stimulating growth now, and certainly I think   you should look at National Insurance,” he said. “You should look at ways of   stimulating consumption confidence in the market.”

He said the abolition of the 50p rate would be “a signal that London is open   for business”. He described London as a “great international competitive   capital”, but it was competing against capitals with much lower tax rates.

“That’s the right direction to be going in,” he said.”  Read the rest of this article which makes headlines in the DailyTelegraph tomorrow.

6 responses to “Boris tells George to cut tax and the 50p tax band

  1. We need to boost the economy and that has to come first. We can’t keep spending money we don’t have.

  2. This is just common sense from Boris and what is holding George O. back?

  3. Pingback: COMETH THE HOUR, COMETH THE MAN. GEORGE IS NOW IN BORIS’S SHADOW | CYBERBORISjohnson

  4. Pingback: GEORGE! CUT THE 50P TAX, URGES BORIS | CYBERBORISjohnson

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  6. Pingback: George attempt to dump on poor might be defeated | CYBERBORISjohnson

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