More from the bunker

The Downfall video's continue.

This time David Cameron is not happy with Ken Clarke's interjection on inheritence tax and it appears that George Osborne calculates policy using crayons

Bagehot on why Tory fiscal policy may not be safe

There has been much said and written about the so called divisons which have appeared in Tory Fiscal policy over the last few days satrting with David Cameron's pledge to honour Labour's 2011 top rate of tax increase.

The Economist's Bagehot takes a look at the dilema that the party has over whether to

cultivate a strategic ambiguity, saying they will only be able to reveal detailed policies on taxing and spending after a victorious election, when they see the books.

and thinks this is not sensible for two reasons.

1.Labour will portray such an opaque stance as an omen of brutal Tory cuts and

2.that they have already offered some specifics. These make it very difficult to stick to the ambiguity formula without looking shifty and imbalanced. adding that

The options therefore may be to scrap the existing pledges, or provide some more clarity on medium-term policy.

A pledge on inheritance tax

I think that Steve Richards makes a very good point in his Indy column this morning.

He suggests that if the Tories want to make it clear to the electorate that they are serious about managing the economic crisis then they could pledge to stop thinking about making changes to inheritance tax.

It would show how serious they were about repaying debt and doing so in a way that was fair. It would be dramatic, make every front page, top every news bulletin and throw Labour into turmoil.

After yesterday's pronouncements on raising the top level of income tax thsi would firmly set the Cameron Tories away from the tax baggage of previous policies whilst at the same time showing them to be serious about tackling public debt.