Stronger economy grows appetite for tax cuts
29 August 2023
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Julian Jessop quoted by the Express
IEA Economics Fellow Julian Jessop has been quoted by the Express in their article discussing why a growing UK economy may mean an increased appetite for tax cuts.
The Express wrote:
“Julian Jessop of the Institute of Economic Affairs cautioned that the improvement in borrowing ‘may only be temporary’ but said that ‘higher wages, profits and prices will also boost tax revenues.’
“This is an unexpected windfall for the Treasury and it would be right to give some of it back. And the best way to fix the public finances is to grow the economy. Tax cuts that help make work pay and encourage investment should be part of the solution.”
You can read the full article here.
The Express wrote:
“Julian Jessop of the Institute of Economic Affairs cautioned that the improvement in borrowing ‘may only be temporary’ but said that ‘higher wages, profits and prices will also boost tax revenues.’
“This is an unexpected windfall for the Treasury and it would be right to give some of it back. And the best way to fix the public finances is to grow the economy. Tax cuts that help make work pay and encourage investment should be part of the solution.”
You can read the full article here.
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