Give Parliament a year?s recess!

Perhaps we would have been better off without a Queen’s speech at all. Parliament could go on holiday for a year. However, if we are to have government impose contingent liabilities on the next generation, how about some deferred tax cuts – for example, legislation to index all tax thresholds to the higher of RPI increases and wage increases to prevent the bracket creep that this government has used to increase its tax revenues? How about more planning reform and profit-making free schools? And how about time-limiting benefits and the imposition of work and training requirements for all those in receipt of benefits who do not have a reasonable contribution record? In addition, a really imaginative government would not be increasing state pensions and abolishing contracting out of state pensions and into private pensions (thus abolishing the most successful post-war pension privatisation in Europe with which even the extreme left of the Labour Party were content) but would be extending opportunities to promote private pension provision in place of state provision and thus reduce the fiscal burden on future generations.

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Source: http://www.iea.org.uk/blog/give-parliament-a-year%E2%80%99s-recess

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