IEA Director General responds to Chancellor’s speech
Mark Littlewood writes for The Times
His response to the Chancellor’s speech:
“It’s disappointing to hear the Chancellor not only rule out short-term tax cuts but also refuse to rule out further tax rises.
“If the government wishes to be judged by job creation, continuing to tax businesses and entrepreneurs at a near-record level will have the reverse effect.
“While it may be politically popular in the very short-term to extend job support and apprentice subsidy schemes, in the long term they fail to produce net increases in jobs – and at considerable cost to the taxpayer.
“The Chancellor purports to have free market principles, but his actual policy announcements indicate an enthusiasm for state interventionism.”
Notes to editors
Contact: Emily Carver, Head of Media, 07715 942 731
IEA spokespeople are available for interview and further comment.