If the Tories have ‘economic credibility‘, what on earth does it mean? | Zoe Williams

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They’ve run the country into the ground and found magic money trees when it suits. Yet they’re still ahead of Labour on trustIf Rishi Sunak announced a plan to increase taxes on anyone earning more than £80, 000, how would Labour respond? It is not an unreasonable question for the BBC’s Andrew Marr to have posed to shadow cabinet member Rachel Reeves on Sunday. We’re in bizarre times where taxing the rich is so in vogue that even the rich are calling for it.Yet the immediate question is not for the Labour party, but for all of us: the Conservatives are always seen as the party of economic credibility. Even when, as now, they score lower on every other quality necessary for government – honesty, competence, decisiveness – they are still, dispiritingly, the party we trust with the chequebook. Yet, if you were asked to say who had dreamed up which policy, between chancellor Sunak and John McDonnell, very often the only way you’d know would be that the Tory plan, unlike the Labour one, was not properly costed. Continue reading... https://www.theguardian.com/commentisfree/2020/jul/14/if-the-tories-have-economic-credibility-what-on-earth-does-it-mean
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