Oh, super. The flagship Tory policy on National Insurance is to be paid for by efficiency savings. As is the Ferrari I’m going to buy next week.
Hopi plays a wearied yet effective game of Spot the Hypocrite, and Stephanie Flanders mulls the economic implications. I’ll say just this:
If you’re going to use the money you can make in efficiency savings for tax cuts, then the only way you’ll have left to get the deficit down will be to hit real public services where it hurts.