The Chancellor is groping his way, knowing well that the future is unknowable, trying to hold on to as much of the past as he can.
Posts Tagged: Tax Cuts
Sunak’s statement tomorrow. How much like the Old Normal can we afford to make the New Normal be – or try to?
Given the Coronavirus uncertainties, whatever he announces could be even more provisional than most schemes of most Chancellors.
Charlotte Pickles: Ten million people are at risk of becoming unemployed. They must be Sunak’s priority this week.
The Chancellor should use his statement on Wednesday to announce a comprehensive and ambitious plan to counter the threat.
This is the second in a three-part series on how to boost our economy after Coronavirus.
“Take a method and try it. If it fails, admit it frankly and try another. But above all, try something.”
The big picture is that Johnson is dashing for growth. We devoutly hope it works but the precedents aren’t promising.
An election that saw them returned to say yes to Brexit and boosterism leaves Johnson vulnerable to events and reality.
Exactly a decade after forming a government with the Conservatives, the Liberal Democrats are languishing on the political fringes – where did it all go wrong?
Julian Knight: Coronavirus presents a more complex economic challenge than when the Coalition took office
With no fiscal leeway for stimulus spending, a bold supply-side programme will be crucial for the UK.
Ministers can carry on trying, through the British Business Bank or directly, to push on this Gordian Knot – or slice through it.
Neil O’Brien: We are on a terrible course. But some people are still messing about as though this were a game.
With the bazooka being well-wielded by Sunak, it seems almost churlish to suggest some further things the Treasury could do. But here are three.
The Treasury often fails to recognise the potential benefits of lower taxes, because they don’t properly factor in how behaviour changes.
The author of the final piece in our mini-series identifies corporation tax, stamp duty, national insurance and investment allowances as targets for action.
My answer would be “maybe, provided the spending or tax cuts significantly improved our growth potential.”
Ministers have been asked to push the Government’s priorities – tackling crime, funding the NHS, “levelling up”. How can these be effected without faster growth?
They support raising the threshold by two to one – a useful reminder that the Prime Minister cannot ignore his Party’s base.