Fiscal headroom could be used for tax cuts
27 April 2023
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Economics
Economics
Jamie Whyte writes in City AM
27 April 2023
Society and Culture
8 July 2024
Julian Jessop quoted in The Daily Express
IEA Economics Fellow Julian Jessop has been quoted in a Daily Express piece by writer Leo McKinstry arguing that the lower-than-expected borrowing in the year ending in March 2023 could free up funds for tax relief.
The article said:
“The amount borrowed by the Government in the financial year to March was £139billion, much lower than the £152billion predicted by the Office for Budget Responsibility.
“‘Cut taxes now,’ declares the former Cabinet Minister Sir John Redwood. In a similar vein, Julian Jessop, a fellow at the Institute of Economic Affairs, argues that Mr Hunt now has ‘more headroom for pre-election cuts and sweeteners’.”
You can read the full article here.
The article said:
“The amount borrowed by the Government in the financial year to March was £139billion, much lower than the £152billion predicted by the Office for Budget Responsibility.
“‘Cut taxes now,’ declares the former Cabinet Minister Sir John Redwood. In a similar vein, Julian Jessop, a fellow at the Institute of Economic Affairs, argues that Mr Hunt now has ‘more headroom for pre-election cuts and sweeteners’.”
You can read the full article here.
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