Tax and Fiscal Policy

Pursuing growth is crucial, but we must explain why

Mark Littlewood wrote for The Times

IEA Director General Mark Littlewood has written for The Times on the importance of clearly communicating the benefits of economic growth.

Mark wrote:

“The public can easily grasp what it means to make improving education your key objective but growth in GDP is a far more nebulous concept.”

Mark went on to highlight the scale of the problem facing free marketers:

“A 2020 study supported by the Office for National Statistics showed how unfamiliar many people were with relatively straightforward economic terms. Fewer than half were able to identify what GDP stood for from a list of options. Even among those who could, few were able to explain that gross domestic product is the total monetary value of goods and services produced in a country in a given time.”

The full article can be read here.