The Chancellor needs to be bold in the face of economic headwinds

Mark Littlewood writes for The Times

IEA Director General Mark Littlewood has written for The Times emphasising the need for radical measures in Kwasi Kwarteng’s fiscal event this week.

Mark’s article set out five key tests for the Chancellor to pass this week:

  1. Willingness to embrace short-term unpopularity

  2.  Undertaking planning to help those on low incomes

  3. Embracing radical supply-side thinking

  4. A serious long-term approach to controlling public spending

  5. Considering reform of the Bank of England’s mandate

In conclusion, Mark clearly states the need for boldness in the face of economic headwinds:

“To pilot our way out of this storm, his statement this week will need to be more radical than any budget we have seen since the days of Nigel Lawson.”

The full article can be read here.