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Britain’s three main parties are failing to come clean about the tax and spend trade-offs ahead

This election campaign represents a missed opportunity to set out a credible vision for the economy

By Paul Wallace  

An entrance to the Treasury building. Photo: Kirsty O'Connor/PA Archive/PA Images

Tax and spend usually comes to the fore in elections and this winter poll is proving to be no exception. The tension between politicians’ eagerness to promise higher spending and their reluctance to divulge the tax bill is all the greater this time because it follows a decade of austerity. How far that should now be reversed is a central political question, determining in turn how much taxes must rise. It comes at a time when the fiscal…

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