Hard to imagine a “worse combination” than VAT cut followed by tax rises
23 June 2020
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In the Media
Professor Philip Booth writes for City AM
23 June 2020
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20 January 2026
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.
“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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