The Daily Telegraph features comments from Mark Littlewood
Mark Littlewood, the IEA’s director general, said: “The introduction of the 45p top rate of income tax does not go far enough. Any tax cut is good for stimulating the economic growth we so badly need, but the Chancellor should have been braver and cut it to 40p when he had the opportunity.
“When the rate was cut from 60 per cent to 40 per cent in 1988, tax revenues soared because it created the incentive to work and invest in Britain. This is the kind of action we need now to boost our faltering economy.
“A considerable amount of those earning over £150,000 create jobs and as we try to reform welfare to make work pay, we should also be ensuring we are creating the right environment for job creators to flourish.”
Read the full article here.