0:00
Yeah, I mean Vicki, on that trust in
0:01
politics point, it does feel like
0:02
everyone was, as I say, marched up to
0:04
the top of the hill for an intact in
0:05
income tax rise and then marched back
0:07
down again. Would it actually be more
0:09
honest and actually better for the
0:10
public finances if Labour, as they have
0:12
proved, incapable of cutting spending to
0:14
have just raised taxes in a broad-based
0:16
way in an honest and transparent way and
0:18
what would the impact of that be on the
0:20
Well, absolutely. I think if uh we had
0:22
raised or she had raised um income tax
0:24
by 2p in the pound uh along the all the
0:28
the tax um brackets then that would have
0:31
meant 20 billion for um just the basic
0:35
rate. It would have meant about an extra
0:37
4 billion for the high rate for the 40
0:40
uh% rate and then an extra half a
0:43
billion thereabouts for the 45% one.
0:45
That would have been very easy. And the
0:47
interesting thing for me on the
0:47
political and trust issue is that she
0:50
had already got most people convinced
0:52
that that she was going to do it.
0:54
And what is more, she was prepared or
0:58
because she was talking about it uh or
1:00
was considering breaking the manifesto
1:02
commitment, the real one which was about
1:04
not raising the the rates um in order to
1:07
meet her fiscal rules. And then when she
1:10
felt for whatever reason, you know, we
1:12
have to really look at those figures in
1:15
that she didn't need this any longer um
1:17
because the OBR said whatever, which we
1:19
really need to understand a little bit
1:21
Uh then she backed away from it. But of
1:23
course, she had already declared that
1:25
she was prepared to do it, but she
1:26
wasn't doing it simply because the
1:28
figures she didn't need anymore. So
1:29
there isn't anything that that is there
1:31
that says I'm going to stick to my first
1:34
comms. You know, if I need to, I will
1:36
perhaps break it. So next year, yes, you
1:38
could come and do this very easily.
