Go for Growth

Ken Livingstone said apparently that the fare reductions he would put into effect if he is elected London Mayor would be paid out of the £729 million surplus lying around in the London coffers. Such surplus does not exist according to Fact Check and that if he were to cut fares the reduction would cost £1.12 billion so that he would have to make cuts elsewhere to pay for lower fares. Sounds to me like typical Labour economics all over again. Tory economics may not be that great but they are nonetheless significantly better than Labour's. What should the Tories be doing to bring down both the deficit and the debt burden? Lower regulation and taxes are seen as essential by some think tanks in order to kick start the economy. Others would add that we cease quantitative easing and begin to raise interest rates so that saving becomes more attractive again. If the government were to lift the regulation burden on small and medium size businesses in a meaningful manner e.g. by scrapping employment, planning and health and safety laws,  freeing employers from acting as unpaid collectors of taxes and having to file annual returns and accounts at Companies House, a good start would be made. The government should also carry out real cuts rather than cuts to future increases and stick to its guns on reforms including those to the NHS. The government should also stop saying we want the euro to succeed. It won't and it would be much better to say so and to tell the eurotrash elite to sort out its orderly dismantlement with all possible speed.