Tax cut beauty contest could turn ugly

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An ageing society and a shrinking workforce could overshadow intended tax policies. …

There is obviously a wider political canvas here. This leadership contest is to impress at first Conservative MPs and then its membership. In theory that would suggest an appeal to low tax, small state thinking. But that is not always the same thing as the fiscal conservatism of balanced budgets. And how coherent all that is, with the appeal to former Labour areas won at the last election for example, is another interesting question.

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