With Sinn Féin riding high on the back of voters’ dissatisfaction with the economy, the temptation to cash in Dublin’s corporation tax bounty will be great.
The Government needs to cut taxes and do more to support domestic producers, not strangle the economy to master inflation.
“I’m a low-tax conservative”, the Prime Minister says in response to a question from one of our readers.
On some issues, he got it wrong. On other issues, he got it right but is misrepresented by some of his cheerleaders. And on other issues, he was right in the context of the time but circumstances have changed.
A major target of Government policy in respect of the domestic and trade economy ought to be the rebalancing of our unsustainable balance of payments deficit.
Combined with windfall taxes on both fossil fuel and renewable energy generation, Britain’s business tax regime is getting less, not more, competitive.
As the Government plots a course toward economic stagnation, Labour are positioning themselves as a pro-business party.
Jeremy Hunt should be finding ways to encourage businesses to launch and grow in the United Kingdom, not squeezing them out.
Merely “looking at” such measures as raising the pension age and reforming the benefits system will not be enough to demonstrate fiscal credibility.
“Why do we still impose VAT on domestic fuel when domestic fuel is too expensive, and then give people bigger subsidies?”
There is next to no support among its ranks in the Commons for more immigration, liberalising planning law and improving access to European markets.
Stability and market confidence have been re-established. That allows the possibility to relax the planned fiscal restraint over the next two years, if global economic circumstances improve.
Capital investment, human talent, and innovation activity are extremely mobile and impact positively on productivity, economic growth and public finances.
The risk is that the Truss approach to business taxes will be that it is seen as being so out of touch with the public mood that she will provide a vulnerable target for the Government’s opponents.
It will give the CMA almost unlimited powers to prosecute big tech companies. The Bill is a signal to stop investing in Britain.