Think-tank responses to the Autumn Statement

22 November, 2023
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Centre for Policy Studies – Robert Colvile, Director – “Jeremy Hunt set out measures which do reflect the government’s commitment to making long-term decisions for a brighter future”

“The CPS of course welcomes the Chancellor’s announcement on permanent full expensing. As he mentioned in his speech, we have been calling for this for many years and the boost to investment and productivity will be much needed. Overall, Jeremy Hunt set out measures which do reflect the government’s commitment to making long-term decisions for a brighter future. But the economy, and our long-term growth prospects, are still far from where they need to be.”

Institute of Economic Affairs – Mark Littlewood, Director – “A step in the right direction”

“The Autumn statement is a step in the right direction towards lower taxes and economic growth, but not a leap. The introduction of permanent ‘full expensing’ will encourage businesses to invest in buildings, structures and equipment. The 110 supply side reforms, encompassing benefits, financial services and planning, will help boost growth. Cuts to national insurance return a substantial sum to the pockets of the average worker. Nonetheless, amidst the rhetoric about tax reductions, this government is presiding over one of the heaviest tax burdens in the past seven decades.

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