Tax hikes are bound to hit ‘working people’
28 August 2024
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Press Release
28 August 2024
In the Media
Trade, Development, and Immigration
4 November 2024
Tom Clougherty referenced in CityAM
IEA Executive Director Tom Clougherty was referenced in CityAM in relation to his comment on potential tax hikes.
The article said:
“Tom Clougherty, executive director at the Institute of Economic Affairs (IEA), said the speech was about ‘softening voters up for a tax-raising budget in October.’
But he stressed with ‘broad-based taxes’ ruled out, increasing business, savings and investment levies is ‘likely to have an outsized impact on growth, and as a consequence may not generate as much revenue as the government expects’.
‘Significant tax increases that don’t affect ‘working people’ are a fantasy,’ he added.”
Read the full article here.
His comment was also mentioned in the Telegraph, ConservativeHome, FleetNews, and Property Industry Eye.
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