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
Lifestyle Economics
15 November 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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