Boris Johnson says UK should follow Trump on taxes
Britainâs former foreign secretary Boris Johnson says the UK should follow Donald Trumpâs example and slash taxes to create a âhappy and dynamic economyâ.
Mr Johnson, who has faced a furious backlash after comparing Theresa Mayâs Brexit strategy to a âsuicide vestâ, has used his regular column in the UKâs Daily Telegraph newspaper to argue that income tax, stamp duty and capital gains tax should be cut.
This latest intervention, which proposes measures that will appeal to Tory voters, is fuelling speculation about his leadership ambitions.
âInstead of canvassing tax rises, we should say that tax henceforward will not go up. Thatâs it. No new taxes and no increase in rates,â Mr Johnson wrote.
The ex-cabinet minister has been in the headlines in recent days after the break-up of his marriage to Marina Wheeler and his extraordinary attack on Ms Mayâs Brexit plan.
His claim that her Brexit plan âwrapped a suicide vest around the British constitution â and handed the detonator to Michel Barnierâ provoked condemnation from senior Tories.
Foreign Office ministers Alan Duncan and Alistair Burt criticised their former secretary of state.
Sir Alan said the comments were âone of the most disgusting moments in modern British politicsâ and should mark the âpolitical endâ of Mr Johnsonâs career.
Home Secretary Sajid Javid â viewed as a potential leadership rival â rebuked his former Cabinet colleague, saying: âI think there are much better ways to articulate your differences.â
In the column, Mr Johnson set out an alternative economic plan.
He attacked a GBP55.7 billion ($101 billion) high-speed rail project, claiming its cost will exceed GBP100 billion.
âWe do need to spend more on the NHS. We must find the extra GBP20 billion that the Chancellor has rightly promised.
âWe do need to step up our investments in the police and schools and other vital public services.
âBut I am afraid I am not convinced that the answer is immediately to turn to the hard-pressed taxpayer, when Britain is now by no means a low-tax economy compared with several other jurisdictions in Europe.â
In a reference to US President Trumpâs policies, Mr Johnson said: âThe United States currently boasts economic growth rates far in excess of this country, at about 4.5 per cent, and with record low unemployment â and that growth is being driven not just by the US governmentâs decision to cut taxes and regulation, but perhaps even more by psychology: by the sense that the government wants to cut taxes, wants to liberate and energise people.
âDo we send out that signal, here in this country? I am not so sure.â
-AAP
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