Tax and Fiscal Policy

Fiscal restraint is welcome, but it should not come from higher taxes

Mark Littlewood quoted in The Mail

IEA Director General Mark Littlewood has been quoted in The Mail responding to the reversal of Liz Truss’ planned tax cuts.

Mark said:

“There is a clear need to improve the government’s fiscal position to calm the gilt markets. It’s disappointing, however, that so much of the heavy lifting will come from higher taxes.”

Mark also warned that raising taxes may “put Britain back on the path towards a high-tax, low-growth economy”.

The full article can be read here.