The Mail on Sunday, September 24, Professor Patrick Minford
The widely trailed mini-budget of our new Government has provoked howls of protest from the massed ranks of economists and commentators who, until last week, represented conventional wisdom.
Sometimes it is right to kick against orthodoxies – to defy the ‘not how things are done around here’ mentality.
And at long last, HM Treasury is under new management.
Chancellor Kwasi Kwarteng’s revolution in fiscal policy – the way the Government tries to influence the economy through spending and taxation – has finally put Britain on track for a better future.
I am especially pleased by the Chancellor’s abolition of damaging tax measures, including the rise in National Insurance and a planned rise in Corporation Tax.
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