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.