More Indian bicycle marketing...

From the BBC:

Cutting inheritance tax would not be a high priority for an incoming Tory government, Ken Clarke has said. The shadow business secretary told the BBC its main economic goals would be to cut public debt and restore growth. The Tories' pledge to take millions of families out of inheritance tax in September 2007 was seen as a key moment in reviving their political fortunes. Labour said the more Conservative economic policies came under scrutiny "the more they fall apart".

Recent indications that the Tories will not reverse Labour's planned tax rises for the rich have already caused internal ructions. Increasing income tax for top-earners to 45% from 2011 would be "difficult to avoid", shadow chancellor George Osborne has said - a stance backed up by Mr Clarke and foreign secretary William Hague...

In recent weeks, senior Conservatives have stressed the party will face extremely tough choices if they win the next election given the state of the public finances. The Conservatives insist cutting the overall burden of tax for families remains a long-term objective and have pledged to freeze council tax bills for two years among other proposals. But they have declined to rule out tax rises after the next election.

1. Given that The State wastes £100 billion a year, why can't tax cuts be a short term objective?

2. Given that there is so much scope for tax cuts, why not focus on cutting the really damaging taxes on turnover, employment and production before promising to freeze a minor tax on property ownership?