There’s huge scope to enhance the City, and the British economy – especially if we learn the right lessons from Thatcher-era reforms.
The final article in ConHome’s series on the Prime Minister’s Reset Moment – and what should follow from it.
Given the working title ‘Project Birch’ within Government, the project is reported to be considering investmenting billions of pounds in companies.
The Treasury often fails to recognise the potential benefits of lower taxes, because they don’t properly factor in how behaviour changes.
Instead of paying four bigger taxes, they could choose to pay a new Simple Consolidated Tax (or SCT): a simple levy on their turnover.
If we fail, and usher in a Corbyn government, the price we will all pay does not bear thinking about.