Yesterday's Tory announcement on blocking some of the planned increases in National Insurance scheduled for April 2011 is interesting.
Although I welcome the announcement as being in line with my core Tory beliefs it does have the look of being a popularist, headline grabbing, (dare I say electioneering) policy.
We have already seen the usual suspects attacking the policy - Vince Cable has already called it "schoolboy economics".
As an aside, am I the only person who is baffled at Dr Cable's apparent popularity?
As far as I can see, his reputation is based on an especially good put down of Gordon Brown a few months ago (The Stalin to Mr Bean line) and his supposed gravitas on matters economic.
Iain Dale
had a pop at Dr Cable yesterday which is worth looking at.
Anyway back to the point - I think what convinces me of the merit in the Tory National Insurance policy is that former government advisors Dr Martin Read and Sir Peter Gershon have endorsed it.
These gentlemen aren't government advisors from years ago - they were actively involved in the review of government procurement and efficiency in 2009.
Dr Read led the Treasury's Operational Efficiency review last year.
These gentlemen are very well placed to understand the potential for efficiencies in government and the timescales that they can be delivered to.
Isn't it typical that New Labour would rather impose a tax rise on us, which will damage economic recovery and hinder business, rather than seek to make efficiencies ASAP in the bloated state bureaucracy?