Osborne to signal tax rises in Tory counter attack

, the shadow chancellor, will today signal tax rises under a
Conservative government in a counter-attack against a ‘tax con’ short-term cut
by Gordon Brown’s government.

The Tories are concerned the prime minister is using the recession to prepare
a toxic financial legacy for an incoming David Cameron premiership after a June
2010 election, the Financial Times reports.

Osborne is expected to stage a counter-attack in an effort to redefine the
political dividing lines over the economy in ways that put the onus on Labour to
account for the future state of the public finances.

In a speech to the London School of Economics, the shadow chancellor will
warn that the choice of ‘borrowing without limit’ which Brown ‘appears to be
making’ would hit taxpayers in the medium term.

Further reading:

the Financial Times story

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