"The Americans keep telling us how successful their system is. Then they remind us not to stray too far from our hotel at night." - An un-named EU trade representative quoted during international trade talks in Denver, Colorado, 1997.
Friday, September 03, 2010
“In my view, we should have taken a --- ------ way out of the economic crisis: kept direct tax rates competitive, had a gradual rise in VAT and other indirect taxes to close the deficit, and used the crisis to push further and faster on reform.”
Can you guess the missing words and whom the quote is from? No? Failed? Well, the missing words are New Labour and it’s a quote from “his highness” Tony Blair, arguing for lower taxes, increases in indirect taxes such as VAT (that hit the poor the hardest) and less government. That my friends from the most successful leader the Labour party has ever had.