The Daily Express, 23 November, Professor Patrick Minford
Pretty much all the ideas in Liz Truss’s plans for raising the growth rate were adopted where they did not cost any money – housing reform, freeports, tougher conditions on benefits.
But how far will they be put into action?
The record of action is weak- remember this government retreated from planning reform when the voters in Buckinghamshire revolted to the LibDems.
As for the tax cuts part of the apology, they are far too hesitant to fire much growth at all.
Start with business tax cuts. Making 100 percent investment allowances permanent nowhere near offsets the raising of corporation tax to 25 percent.
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