Some sounder lines on tax are emerging at Tory Conference. At a panel on the green transition Mark Garnier, Shadow Economic Secretary to the Treasury, raised his hand when asked if stamp duty on shares should come down. He offered:
“So all friction taxes, if you think about it, are a kind of really bad idea, so stamp duty on houses is a bad idea, shares, even VAT kind of arguably a friction tax. And by the way, the fact that I support this doesn’t necessarily mean that we are making a commitment to it now.”
Straying from the line a bit there. Chance would be a fine thing…
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