Former chancellor says politicians under increasing pressure not to raise taxes because public is overwhelmingly against it The inability to raise revenues and the ease with which the ultra rich can avoid paying tax,has keep “an nearly impossible constraint” on chancellors, the veteran former Conservative minister Ken Clarke has said.
As a result, and the onus has fallen heavily on cutting spending. Speaking before the spending review,which will determine the role of the state over the next four years, Clarke said the pressure of an ageing population will mean it will become the norm to work until the age of 75.
Continue reading...
Source: theguardian.com