Priti Patel

Tax Freedom Day, which falls today, is cause for celebration. It marks the point in the calendar when someone's income stops paying for their tax bill and they start keeping the money they have earned. It is an annual reminder that people who work hard and play by the rules deserve to keep their hard won earnings. It is why cutting tax has always been a priority for Conservatives. Four years ago we inherited a tax system that was designed to be as complicated as possible. Gordon Brown's stealth taxes doubled the revenue the Treasury raised through taxation and National Insurance. In total, Labour put up taxes 178 times, and the myriad of extra charges was as complicated as the methods used by corporate tax avoiders today - and as morally compromising.

Money passes hands. Allegations are made. A would-be MP is suspended, only to be pardoned once evidence is mysteriously withdrawn. Such is the murky world of Labour’s relationship with the trade unions. Since the revelations of vote rigging in the Falkirk candidate selection the Westminster bubble has become obsessed by a number of questions. How much funding does Labour get from trade unions? (too much), what exactly did they get in return? (Ed Miliband) and will Red Ed will be able to stand up to paymasters? (he won’t). As Ed Miliband travels to Bournemouth the unseemly brawl of student politics are being writ large in one of the UK’s largest political parties.

Yesterday’s economic news reminds us of the need for the Government to continue to focus relentlessly on getting our economy moving – dealing with the debt crisis, boosting bank lending to the real economy, and ensuring sustainable long-term prosperity through radical economic reform. One of the key planks of the Government’s reforms is to make Britain’s tax system more competitive, ensuring that Britain is open for business, that we are a dynamic and an attractive place to invest in and to work in. Cutting corporation tax to the lowest rate in the G7 is one element of this plan. Cutting the top rate of income tax to level the playing field with our main competitors like New York is another. These market dynamics are lost on Labour.