Public Finance ‘Black Hole’ Set to be Filled by Tax Rises
2 August 2024
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In the Media
Len Shackleton quoted in The Telegraph
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In the Media
Economic Theory
15 August 2024
Julian Jessop quoted in The Mirror
IEA Economics Fellow Julian Jessop has been quoted in The Daily Mirror commenting on the £22bn shortfall in public finances revealed by new Chancellor Rachel Reeves.
The article said:
“[Julian Jessop] suggested that the estimates for the size of the black hole ‘may be suspect’, but applauded the increased scrutiny of spending during each financial year.
“However, taking the figures at face value, the immediate savings identified will only reduce this year’s shortfall from £21.9 billion to £16.4 billion. This suggests that substantial tax rises in the autumn Budget will be needed to close the gap.”
Read the full article here.
Julian was also quoted in This Is Money, The Birmingham Mail, The Shropshire Star, The Daily Mail, LincsOnline, The Lancashire Times and The Northeast Post.
The article said:
“[Julian Jessop] suggested that the estimates for the size of the black hole ‘may be suspect’, but applauded the increased scrutiny of spending during each financial year.
“However, taking the figures at face value, the immediate savings identified will only reduce this year’s shortfall from £21.9 billion to £16.4 billion. This suggests that substantial tax rises in the autumn Budget will be needed to close the gap.”
Read the full article here.
Julian was also quoted in This Is Money, The Birmingham Mail, The Shropshire Star, The Daily Mail, LincsOnline, The Lancashire Times and The Northeast Post.
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