Tax and Fiscal Policy

Hard to imagine a “worse combination” than VAT cut followed by tax rises


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In the Media

IEA research quoted in The Daily Telegraph

In the Media

Professor Philip Booth writes for City AM

Lifestyle Economics

IEA expert quoted in The Daily Telegraph

In response to reports that the Chancellor, Rishi Sunak, is said to be considering a VAT cut followed by tax rises over the longer term, IEA Economics Fellow Julian Jessop told The Daily Telegraph:

It’s hard to imagine a worse combination than a temporary VAT cut to stimulate spending that is likely to happen anyway, offset by the threat of future tax rises that would cast a long shadow over the economic recovery.

Read the article in full here.



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