Friday 23 September 2022 12:17 AM DAILY MAIL COMMENT: Bold mini-Budget can jolt Tories into life trends now
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When Kwasi Kwarteng delivers his mini-Budget today, it promises not only to be the most significant fiscal occasion in decades. It might be the moment Conservatism awakens from its coma.
Under recent Tory governments, the party has shifted from free market principles and instead slumped into the big-state Treasury orthodoxy that drove the tax burden to an 80-year high.
Thankfully, the Chancellor and Prime Minister Liz Truss are determined to re-energise the country by taking a more radical approach – turbo-charging growth.
That is why the mini-Budget's centrepiece is the biggest tax giveaway since the 1980s. Mr Kwarteng will reverse the national insurance hike, scrap the planned rise in corporation tax and cut stamp duty.
Kwasi Kwarteng and Liz Truss are determined to re-energise the country by taking a more radical approach
And a bonfire of red tape will unlock the shackles on business and accelerate crucial infrastructure projects.
When his predecessor, Nigel Lawson, cut tax rates, productivity soared and the Treasury's tax take actually went up. Partly as a result, Margaret Thatcher won a third consecutive general election.
Low taxes work – morally and practically. They put more money in people's pockets, create jobs, and foster a climate where enterprise and wealth creation can thrive.
There will, of course, be relentless shroud-waving from the Left and the BBC, who claim Mr Kwarteng's
