November 22 2023
Commenting on the Autumn Statement, Professor Patrick Minford – fellow of the Centre for Brexit Policy said:
“The Chancellor has made a first step towards embracing a much-needed growth agenda. Cutting National Insurance and extending expensing will boost the economy.
“These policies are grounded in solid economic principles. Rewarding work is important. It is vital that work is made to pay so that we incentivise productivity. Extending expensing will strengthen innovation in the workplace and help demonstrate the UK is business friendly.
“However, he does not go far enough.
“These are relatively minor measures in comparison to the record high tax burden this government has introduced.
“He still has not recognised that high tax is leading the country into an economic doom loop.”
ENDS