Stamp duty - Jacob Rees-Mogg urges Theresa May's Tory Party to end tax
GETTY Jacob Rees-Mogg has called for stamp duty to be scrapped
The popular backbencher launched a stinging attack on the Conservatives’ “managerial” election campaign. After reports emerged the staunch Brexiteer had floated the idea he wanted to be the next Tory leader, Mr Rees-Mogg insisted he wanted to be “servant” of the Tory party rather than a “candidate”. But in a comment piece for the Daily Telegraph, which could easily be seen as a manifesto, Mr Rees-Mogg said the Conservatives must move towards a policy of “low taxation in terms of ownership”. He wrote: "The recent cuts in corporation tax, one of George Osborne’s most successful policies, has more than doubled the tax received by the government.
The world of Jacob Rees-Mogg Sun, July 9, 2017 Jacob Rees-Mogg is one of the biggest characters in the Tory party. Known for his RP diction, humorous speeches and staunchly pro-Brexit views, the MP for Northeast Somerset is firmly in the public eye Play slideshow Getty Images 1 of 10 Jacob Rees-Mogg visits the new Bagpuss Pop-up Shop at Whitelys Shopping Centre
This example ought to be applied to income tax and, as a matter of urgency, to stamp duty Jacob Rees-Mogg
“This has helped businesses afford to invest and employ people leading to a stronger economy and allowing the Government more easily to finance its expenditure. "This example ought to be applied to income tax and, as a matter of urgency, to stamp duty." It comes as Chancellor Philip Hammond is under pressure to cut stamp duty, dubbed a “tax on moving”. He also called for tax cuts for homeowners, saying the government “must go with the grain of what the people want”.
GETTY Jacob Rees-Mogg
In an impassioned plea, he added: “Generally people will spend their own money more effectually than the Government.” Despite pledging loyalty to Prime Minister Theresa May, Mr Rees-Mogg blamed a “lack of inspiration” for her disastrous election results. He also laid into the Government’s U-turn over its support of diesel. The Old Etonian said: “It was the 'Nanny knows best' approach that led to the scandal over diesel emissions.
GETTY Rees-Mogg said he was not planning to take Theresa May's job
“To risk public health today, for a carbon dioxide policy made irrelevant by emerging markets, was the worst sort of political grandstanding. "Conservatives ought to back the free market, but that is not the same as big business. "We must tackle monopolies. Big business loves regulation – and incidentally the European Union because it keeps out competition, maintains high prices and reduces the power of the individual consumer. “The role of the state here is to back the customer, not the producer."