Sky News reports on Liam Fox's speech at the IEA
In an address to the Institute of Economic Affairs, Dr Fox said: “I believe that in leaving money in people’s pockets, economic activity will follow. People will buy houses, invest for their future or just go shopping.
“Whichever is the case, it’s creating a society that is sustainable for the future in the way that our current – welfare dependent and debt-ridden – economy is not.
“We should gradually move towards the reduction – or even abolition – of the taxes where the state not only taxes the same money on multiple occasions but discourages the very behaviour that would lead to a more responsible society.”
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