Cuts Ahead

Summary


TODAY'S REMARKS by Shadow Business Secretary Ken Clarke highlight the continuing unease within the Tory leadership over the party's tax and spending plans. In an interview with the Financial Times, Mr Clarke makes clear that he believes additional taxes should not fall on businesses, hinting that they should instead target individuals. He adds that the prospect of setting out detailed spending plans as part of an election campaign fills him "with the greatest horror".

Mr Clarke has a well-known reputation for such plain speaking: this is largely why his return to the front benches last January raised eyebrows. Nevertheless, his admission risks putting the Tories on the back foot over spending. Earlier this week he accused Gordon Brown of a "lack of candour" for postponing the next spending review; now his comments will fuel Government accusations that the Tories plan deep spending cuts and tax rises.

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Cuts Ahead

Yet his comments are only r...

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