I continue to be impressed by the highly talented Allister Heath, Editor of City AM. His prescription for what UK Chancellor George Osborne should do now is spot on, and something I am in total agreement with. His recipe? Slash Corporation Tax to 11 percent and abolish Capital Gains Tax. Yes, the shortfall in revenue will widen the deficit for a time, but then spectacular growth will kick in to raise the tax base. I also agree that minimum wage earners should be taken out of income tax and national insurance altogether, and that planning laws should make house-building easier. We need to give growth a boost, and there is no doubt that Allister Heath’s recommendations would do the trick.
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