Thread: The Chronicles of Rishi
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Old 16-03-2023, 11:53   #484
1andrew1
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Re: The Chronicles of Rishi
Quote:
Originally Posted by Sephiroth View Post
The budget is shit. Putting up corporation tax will put prices up = inflation. That's because companies will want to offset the additional profit tax via increased prices so that their net after tax is at least the same. The average punter is the loser, again.

John Redwood is absolutely right: reduce Corporation Tax to 15% (matching Ireland) and then see where the investment goes.
There's so many allowances that our rate is actually quite competitive. The devil's in the detail not the headline figure.

Our public services especially health, education and defence are underfunded so I don't see tax cuts coming any day soon.

The days of fantasy economics ended with the last PM. The best hope for the Conservatives are sound economics from Sunak and Hunt but the likelihood is that they will only be able to reduce not reverse, Labour's poll lead.
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