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?”
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”
This Budget was presented by a government that seemed to be preparing for an imminent general election. It promised tax cuts, continued growth, lower fiscal deficits and more spending on the NHS and the welfare state. Of course, a lot of this may not come to pass. Given the significant turbulence of the last …