Tax and Fiscal Policy

British Chambers of Commerce’s call for expansionary fiscal policy “reckless, not bold”

Julian Jessop quoted by City AM

According to British Chambers of Commerce (BCC) president Baroness Ruby McGregor-Smith, the government must sustain high levels of public spending to help the private sector recover from the coronavirus.

Quoted by City AM, IEA Economics Fellow Julian Jessop argued that “Government should not shy away from sustaining high levels of public spending in order to restart and renew our communities and the economy in the short and medium-term, while not tying the hands of future generations.”

“An expansionary fiscal policy, including a commitment to transformative infrastructure investment, will be needed in order to generate the returns that will help to pay down the national debt in the longer-term.”

Read the full article here.