Convincing voters that tax cuts are for real is no easy task when the budget deficit is on course to be around £100bn this year
David Cameron and George Osborne had a plan when they arrived in office in 2010. They would castigate Labour for leaving the economy in a mess; announce remedial action for the public finances; and ensure that the economy was growing strongly by the time of the next election. Finally, they would promise voters that their reward for stomaching the pain made necessary by Labour mismanagement would be tax cuts.
Parts of the plan have worked. Labour is blamed for causing the recession. A plan was announced to bring down Britains record peacetime budget deficit. The economy is growing at 3% a year and creating lots of new jobs.
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