Tax hikes are bound to hit ‘working people’
28 August 2024
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Press Release
28 August 2024
In the Media
Tax and Fiscal Policy
19 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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