Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
Framed as a budget to shrink debt and control inflation, Jeremy Hunt’s statement in the fifth fiscal event of this year essentially left most of the heavy lifting to 2025 and beyond. Of the measures announced, some three quarters were spending cuts, and just one quarter were tax increases. Of the £61.7 billion fiscal tightening …
Continue reading “Has the Chancellor tightened policy too much?”
‘Trussonomics’ was destroyed on Monday 17 October New chancellor Jeremy Hunt in a statement to parliament on Monday 17 October, reversed all the major announcements in the mini budget made less than a month ago. It is a complete abandonment of all Liz Truss’s aims as Prime Minister and her chancellor Kwasi Kwarteng, and it …
Continue reading “‘Trussonomics’ brutally undone by reality”
Friday’s mini-Budget was anything but small. It’s the biggest tax-cutting Budget since the ‘Barber’ boom Budget of 1972 or 50 years ago. Unfortunately, the parallels are not good, as that Budget did not end well. Eventually, it led to the loss of a general election by Conservative prime minister Ted Heath. Time will …
Continue reading “Mini Budget 2022: all the money is on tax cuts”