Cameron tells businesses to throw away wish lists
CONSERVATIVE leader David Cameron yesterday warned firms not to expect a “wish list” of tax cuts and spending on infrastructure because of the dire state of the public finances.
“I cannot give you the wish list of every piece of infrastructure spending and every tax reduction you would like because, to put it frankly, the government has run out of money,” he said at the annual conference of employers’ organisation the CBI.
Cameron said the party’s main concession would be to cut the headline corporation tax to 25 per cent by cutting other tax reliefs and allowances.
“This is a tax rate we’re going to drive down,” he said.