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The Economy and Welfare Reform

The point is that we are heading in the same direction as Germany if we continue to raise taxes and regulation. The Chancellor always compares our record with that of the countries of western Europe. He never compares our record with the other developed countries of the world—the English-speaking economies—in comparison with which we are performing much worse. My point is that while we are heading towards higher taxes, those in the rest of the world, including Germany, are reducing their taxes.