Adam Smith Inst - Giving a stamp of approval to a good tax cut
The Adam Smith Institute has cautiously welcomed most of Chancellor Rishi Sunak’s summer statement
Matthew Lesh, Head of Research, said:
"Stamp duty is Britain’s worst tax. The cut is the right move to get Britain moving. Temporary measures to get young people work experience, to build inwork skills, are also welcome in the face of an increasing minimum wage.
“Furlough continues for a few more months but reality will hit eventually. In the forthcoming Budget, the Chancellor should cut the cost of hiring by permanently reducing the burden of employers’ national insurance, remove red tape like occupational licenses, and abolish the factory tax to get businesses investing in their futures.
“The stimulus proposals are very questionable. The VAT cut and subsidising restaurants will be expensive and provide limited benefit. People aren’t spending on food, accomodation and attractions because of safety concerns, not lack of demand or cash.”
To arrange an interview, or further comment please contact Matt Kilcoyne on 07904099599 or email email@example.com
Latest News from
Policy Exchange - Call for evidence: Building hospitals in the post-Covid era04/08/2020 12:35:00
In the context of the government’s plans to build 40 new hospitals, Policy Exchange is launching a call for evidence to inform a major piece of research into how we should build the next generation of hospitals.
Demos - British public support ban on targeted political ads online04/08/2020 11:35:00
New research has found that calls for greater regulation in political campaigns have a far greater consensus of support among the general public than arguments against regulation.
IFG - Public services were not fit to respond to the coronavirus crisis04/08/2020 10:35:00
Failures in planning and funding cuts meant public services were not well prepared to handle the coronavirus crisis, says a new report from the Institute for Government and the Chartered Institute for Public Finance and Accountancy.
IFS - Geographical inequality in incomes has been falling, but wealth inequalities are rising04/08/2020 09:35:00
The government pledges to ‘level up’ the country and, more recently, the unequal impacts of the COVID-19 crisis have led to an increased focus on inequalities between places as well as between people.
IEA - Furlough scheme changes reflect need to get “back to reality”31/07/2020 16:20:00
Professor Len Shackleton, IEA Editorial and Research Fellow, commented on changes to the furlough scheme effective tomorrow and calls to extend the scheme
UK banks in “fragile state” as Covid crisis beckons, says new IEA research31/07/2020 15:20:00
The Bank of England’s stewardship of the banking system has “turned out to be a disaster, again” say Kevin Dowd and Dean Buckner
IFS - Young people increasingly concentrated in low-paid occupations, and young men increasingly struggling to progress – even before COVID-1931/07/2020 14:20:00
Recent generations have increasingly been starting their careers in low-paid occupations such as bar staff, waiters, call centre workers and kitchen assistants, despite higher education levels.
‘Another interim stop-gap’: The King’s Fund response to NHS People Plan 20/2130/07/2020 11:35:00
Suzie Bailey, Director of Leadership and Organisational Development at The King’s Fund, commented on the expected NHS People Plan and related government announcements