Any talk of bold tax cuts raises the Truss-Kwarteng Mini-Budget a plan which should have spurred growth but was, in practice, an exercise in how not to implement it. The lesson should not be that tax cuts are unworkable, only that they must be accompanied by clear, credible plans to balance the books.
Any talk of bold tax cuts raises the Truss-Kwarteng Mini-Budget a plan which should have spurred growth but was, in practice, an exercise in how not to implement it. The lesson should not be that tax cuts are unworkable, only that they must be accompanied by clear, credible plans to balance the books.