The Express, Aug 29
Professor Patrick Minford said cutting taxes is the best chance the country has of generating growth. The former key aide to Margaret Thatcher said the plan set out by Ms Truss “is the only way to secure Britain’s economic recovery”.
He charted a path for the Tory leadership frontrunner to double growth and see off the threat of recession by making even bolder cuts to taxes.
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In a report for the Centre for Brexit Policy (CBP), they criticise the “extraordinary failure” of the civil service machine to focus on growth in favour of balancing the books in the short-term.
It recommends an immediate cut in VAT as well as a rise in Universal Credit to deal with the impact of the cost of living crisis.
The package would put growth at 2.4 percent a year and the extra revenues generated by the increase in national income would pay for itself, the study says.
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