Hunt mini-budget overhaul right for now but investment relief needed, Thatcherites urge

City A.M. covers a new report from US-based Tax Foundation and the Centre for Policy Studies, claiming the UK’s tax competitiveness will fall in 2023.

Despite remaining more competitive than France or Spain, tax cut reversals as part of Jeremy Hunt’s Autumn Statement mean the UK will fall from 26th to 33rd.

“Once market conditions have stabilised, the Treasury should start thinking about a carefully-designed package of tax reforms that would boost our competitiveness without threatening our fiscal sustainability,” Tom Clougherty, research director and head of tax at the CPS, said.

Read the article here.

Date Added: Wednesday 19th October 2022