Sunday, 24 Nov 2024

Tory leadership BOMBSHELL: Michael Gove pledges to SCRAP VAT as he gets PM bid on track

Setting out his manifesto in The Sunday Telegraph, the Environment Secretary said he wants the UK to be “the best place in the world to live, learn, raise a family, achieve your potential and start, grow and run a business”. He claims that his economic plan is “driven by the need to increase investment, productivity and wages across the country, with a special focus on helping those areas and regions where productivity is lower – the South West, Midlands and the North, as well as Scotland, Wales and Northern Ireland”. Mr Gove vowed to take on Labour leader Jeremy Corbyn’s “Marxist message with a smart pro-business economic plan” which would make the UK the best for “ensuring free markets, free enterprise and competition” and “spread more wealth to every individual”.

In his column Mr Corbyn was also accused of being the “real enemy of business” who would “wage war on opportunity and attack enterprise”.

He wrote: “It would mean reducing the regulations which hold business back, cutting and reforming taxes – such as business rates – which put pressure on small businesses and undermine our high streets, using the opportunity of life outside the EU to look to replace VAT with a lower, simpler, sales tax, ensuring our business tax structure is the most competitive in the G20 and reducing marginal tax rates for the poorest families to reward work.

“I would be rigorously pro-competition, innovation and new start-ups.

“I’d review competition law to tackle cartels and over-mighty monopolies, put curbs on the power of lobbyists to erect barriers to new business, and change the rules on digital provision to allow more new entrants into the market and ensure faster, wider 5G coverage across the country.”

Mr Gove is one of 11 candidates currently running to become the next Prime Minister of the UK.

He is currently in hot water for admitting to taking cocaine while working as a journalist around 20 years ago.

The shock admission sparked a flurry of fellow leadership runners into opening up on whether they had used class A and B drugs.

Mr Gove made the confession ahead of a publication of a book about him by journalist Owen Bennett.

The book “Michael Gove: A Man in a Hurry” makes the claim that he owned up to use of the class A substance when put through his paces by advisors during the last leadership contest in 2016.

The Environment Secretary told The Daily Mail: “The book is correct, I did take drugs.

“It is something I deeply regret. Drugs damage lives.

“They are dangerous and it was a mistake.”

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