Do today's comments in the Sunday Telegraph, by the Shadow Business Secretary, Ken Clarke about tax rises not being inconceivable if the Conservatives win the next election, undermine the Party?
On the one hand, the answer would seem to be yes. As Conservatives the last thing we want to be told is that we may have to pay more tax. Conservatives are the party of lower taxes....................aren't we?
Historically speaking, not in every year of a Conservative government. As two prominent examples there was Howe's budget tax rise in the April 1981 budget and then the upping of VAT under Lamont in 1993.
When Cameron talks of collective pain for collective gain, this is not a party political necessity. Conservatives will have to swallow the bitter pill of the June/July 2010 budget for the tax burden to come down over the course of a first term Conservative government.
To this end, Clarke has confirmed what senior Tories are considering and what senior economists believe is crucial to Britain's economic recovery.
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