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Economic focus: 2015, and tax will be high on the agenda

The election is the big event this year, and the outcome is unpredictable. Arguments about tax will feature heavily in the campaign, as David Smith reports

Apart from wishing Tax Journal readers a belated Happy New Year one thing I can promise for 2015 is that if you like talk about tax – and who does not? – there will be plenty of it. The run-up to the 7 May general election will be a long and often tedious one. But tax I can guarantee will feature heavily in it.

The Conservatives have already started claiming that a Labour government would be forced to raise both the basic and higher rates of tax to cover the higher debt interest bill resulting from its softer commitment to deficit reduction. Labour is of...

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