[Re: Labour’ prepared to drop support for HS2, yesterday]
We already have an alternative to HS2. It is called the East Coast Main Line. With careful investment to improve pinch points at junctions and bridges, its capacity and speed could be significantly improved at a fraction of the cost of building a new line. The West Coast Main Line received huge investment recently, and does not have capacity problems. Linking London with the East Midlands, Yorkshire, North East England and Scotland with a fast and efficient service will see lasting benefit. We must not waste money on this trophy project.
Open for business
[Re: Labour’s plot to hike corporation tax is short-sighted nonsense, yesterday]
Labour’s pledge to cancel plans to cut corporation tax to reduce business rates for smaller firms is the latest in a series of ploys to pitch itself as the party of small businesses. But Ed Balls has overlooked some important details. First, coalition corporation tax cuts have spread a key message globally: that Britain is open for business. Secondly, already the majority of these punitive rates are being paid by larger businesses. And finally, small firms are often heavily reliant on larger ones for business that they do not get from the general public directly.
BEST OF TWITTER
Ed Miliband energy price freeze and zero CO2 pledge are an act of political desperation.
Brilliant speech by Ed Miliband. Unfortunately most of his policy ideas are dangerous, socialist nonsense.
Chuffed Ed Miliband has promised the next Labour government will give all 16 and 17-year olds the vote.
Energy price freeze will postpone renewables and won’t reduce consumption. Cheap shot.