One of the central arguments of Rishi Sunak’s campaign to become the next Prime Minister is that it would be irresponsible to cut taxes further until inflation is under control. Of course, there are risks here, but my view is that they are worth taking. For a start, it is not clear that tax cuts … Continue reading Would more tax cuts be inflationary?
Category: Taxation
Making the case for tax cuts
Everyone is supposed to have their 15 minutes of fame. Perhaps I have just had mine, after the contenders for the Tory leadership were invited to endorse the ‘Charter for tax cuts’ that I co-wrote for Conservative Way Forward. It was certainly pretty cool to be namechecked at the launch event on Monday both by … Continue reading Making the case for tax cuts
Is the OBR right to warn against tax cuts?
On Thursday the Office for Budget Responsibility (OBR), the government’s independent fiscal watchdog, published its latest annual report on the long-term sustainability of the public finances and the fiscal risks facing the UK. This made for grim reading, as these reports always do. But this time, the report has been widely interpreted as a warning … Continue reading Is the OBR right to warn against tax cuts?
An online sales tax would be more trouble than it is worth
The UK government has been consulting on the concept of an ‘online sales tax’, or OST, which could raise £1-2 billion annually to help pay for a reduction in business rates for physical retailers. I submitted a response to the consultation, which is available here... ost-consultation-response-20-may-2022-julian-jessopDownload
Plain-speaking Economics 