Cowen’s approach: what a Tory approach to the recession would look like?

Conor Ryan has an interesting observation on current problems in the Republic. This, he believes, is the kind of mess the UK would have found itself in if the Tories had continued with the economic policy they were espousing pre Lehman brothers (the detailed picture of the Opposition’s economic policies are much dimmer these days). That is to load indirect taxation whilst keeping direct and corporation taxation as low as you can get away with. Conor’s point: large and rapidly growing fiscal gap when the downturn comes…


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