Stagnating Economy is the ‘Big Story’ of the Budget
2 March 2024
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In the Media
In the Media
Christopher Snowdon quoted in The Times
4 March 2024
Housing and Planning
Tom Clougherty quoted in The i
IEA Executive Director Tom Clougherty’s analysis of the upcoming budget has been quoted in The i.
Tom said:
“If there is fiscal headroom for tax cuts, priority should be given to reforms that could have a meaningful growth effect.
“The Chancellor could make some helpful changes to corporation tax and business rates at limited cost to the Exchequer.
“The real prize, though, would be the abolition of stamp duties. There would be a fiscal hit from abolishing Stamp Duty Land Tax, but the distortions it causes in a tight housing market are so destructive that the cost is clearly worth bearing.”
Read the full article here.
Tom said:
“If there is fiscal headroom for tax cuts, priority should be given to reforms that could have a meaningful growth effect.
“The Chancellor could make some helpful changes to corporation tax and business rates at limited cost to the Exchequer.
“The real prize, though, would be the abolition of stamp duties. There would be a fiscal hit from abolishing Stamp Duty Land Tax, but the distortions it causes in a tight housing market are so destructive that the cost is clearly worth bearing.”
Read the full article here.
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