We all want to see renewed economic growth in the UK. It would reduce unemployment make families more prosperous shore up pension funds that invest in equities and generate extra tax revenue that would reduce the deficit.
Once we have that growth there should be scope for tax cuts leading to even more growth. But the government needs to get the process under way. Has it the courage to introduce tax cuts in the expectation that they will pay off?
All taxes are ultimately a drain on our consumption and investment. There is no such thing as a free tax. The ratio of tax to GDP is therefore critical.
There is plenty...
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")