BKL tax partner David Whiscombe comments via the UK200Group on the political parties’ approach to tax policy in the run-up to the general election on 7 May.
“They are all to a man bribing us with our own money, of course, which is insulting. But this gambit is not only insulting but also irresponsible: no-one can know what economic squalls we will have to weather over the next five years and to tie a Chancellor’s hands in this way is foolish. That said, the chances of any party having an overall majority seem slim – so expect every promise made by any of them to be cast aside in the name of realpolitik and coalition negotiation.”