Can tax cuts boost Britain’s lacklustre economy?
Conservative leadership hopefuls are one-upping each other with promises to slash taxes
Editor’s note: This article has been updated since publication.
THE CANDIDATES TO replace Boris Johnson as leader of the Conservative Party, and Britain’s prime minister, are scrambling to one-up each other with promises of tax cuts. The exception is Rishi Sunak, the ex-chancellor. He says that now is not the time for “comforting fairytales” and that cutting tax must wait. But many of his opponents have pledged deep tax cuts, which they say will put money into people’s pockets and restore economic dynamism to a country whose growth has lagged behind its peers for over a decade. Are they right?
This article appeared in the The Economist explains section of the print edition under the headline "Can tax cuts boost Britain’s lacklustre economy?"
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