Intoday’s Financial Times, Dr Fox calls on the Chancellor to cut both taxes andspending in his upcoming Budget. He argues that in order to create a stable andhealthy economy, business must be encouraged to return to the UK:
“Thereis a strong argument for further public spending reductions, not to fund afaster reduction in the deficit, but to reduce taxes on employment. Althoughthe coalition agreement may require the chancellor to raise personal taxallowances (which should be paid for with spending restraint not new taxes) heshould use the proceeds of spending reductions to cut employers’ nationalinsurance contributions across the board.”
To read the articlein full, please visit the Financial Times website:
http://www.ft.com/cms/s/0/2ee5b8de-5c8d-11e1-8f1f-00144feabdc0.html#ixzz1yQ1A8EF6