Tax and Fiscal Policy

Sunak must ‘pick a lane’ on economic policy

Annabel Denham writes for The Spectator

The Chancellor Rishi Sunak has announced a new £500 million plan for jobs at Conservative Party Conference. At a Think Tent event hosted by the IEA and TaxPayers’ Alliance, he was  pressed by IEA Director General Mark Littlewood on his record on tax rises, borrowing and the expansive government agenda he is overseeing. IEA Director of Communications commented on the Chancellor’s economic plan in an op-ed for The Spectator, saying his rhetoric in support of lower taxes and sensible borrowing does not stack-up with the policies he is announcing.

Annabel argued: “There is only so long that the Chancellor can claim to believe that excessive borrowing is immoral while borrowing to such excess. His trick yesterday was to make all the right noises about restraint while unrolling a £500 million ‘plan for jobs’. Take away his earnest delivery and it’s still not clear whether he’s the boozer at the bar telling the world about the dangers of alcoholism, or the sensible friend ordering the taxi home“.

Read the full article here.