Tuesday, 7 August 2007
New Conservative 'tax' policy
Well this is a small one, but at least something to take a look at in a post. The good news is that the party sees the benefit of tax cuts; the down side is not for the taxpayers but lenders (i.e. banks) for the 'Social Sector.' The announcements were made by Greg Clark, pictured left.
Still there is a lot of merit in the longer report that has been produced. Not only that but it is quite well presented and argued. The tone is not overly combative against the Government, although critical in parts.
The nub of the issue is that the Conservatives are suggesting that the way to help re-build community (yes the C word, one for Croydonian's banning list) cohesion, is through encouraging 'businesses' that invest in the community through projects. It argues that the current government has failed to do this by imposing too much red tape and stifling innovation.
To this point, so far so good. The more challenging part is the solution. A community trust bank to oversee the approvals of applications and loans too the various Local Authorities. This appears though to add more red tape. I could not see where they proposed reducing the current plethora of Government initiatives. Thatcher's enterprise zones were about true private sector investment; real jobs, real businesses. The Social sector, although clearly with many benefits, is more of a support service for deprived areas rather than true regeneration. It strikes me as disease management rather than cure, but I am no expert
So will it work, I am not sure about the conclusion to the report. The report identifies the need to help broken communities and the failure of the Government's many well intentioned policies to make much difference; but there is no wonder solution and no radical ideas like really renewing the Thatcher Enterprise zones that were successful.
Posted by CityUnslicker