Tax and Fiscal Policy

Short-term fixes are no substitute for a long-term economic strategy

Mark Littlewood writes for The Times

IEA Director General Mark Littlewood has written for The Times criticising Chancellor Jeremy Hunt’s autumn budget.

Mark wrote:

“it is disappointing that the chancellor has leant more towards a short-term quick fix than any longer-term economic strategy.”

After criticising the Chancellor for increasing taxes, Mark emphasised his disappointment in the lack of supply-side reforms, writing:

“Most worryingly of all, the growth section of the autumn statement was depressingly weak. (…) Investment zones have been scrapped. No mention of planning reform was made. There will be some investigation into legacy EU regulations in some sectors, but not with any indication that there will be a presumption in favour of repeal.”

The full article can be read here.