The Express discusses David Laws' article in the new IEA Journal
Mr Laws, former Chief Secretary to the Treasury, said that giants of liberalism, such as Gladstone and Lloyd George, would be shocked by state spending at 40 per cent of national output and warned against “too much waste and inefficiency”.
It should be nearer 35 per cent, he said, with just health, education and pensions protected.
He also called for “lower marginal rates of tax at all income levels” as well as a rise in the tax-free personal allowance. Mr Laws was in his post for 17 days after the 2010 election.