The Mini-Budget Reversal

In response to Chancellor Jeremy Hunt’s statement on the Mini-Budget,  Emily Fielder, Head of Communications at the Adam Smith Institute, said:

“The Chancellor has said that there will be difficult decisions on tax and spend in the coming years as we move towards a more secure financial footing. But there is plenty this Government can do which doesn’t involve changing tax thresholds or spending pledges ––moving forward with supply-side regulatory reforms would boost economic growth and activity at a time when it is desperately needed.

The decision to properly target the energy price guarantee from April is welcome. Whilst it is right that the Government continues to support the most vulnerable households and businesses over a period of high energy prices, it should never have subsidised the energy use of affluent households at such a vast cost to taxpayers.” 

Notes to editors: 

For further comments or to arrange an interview, contact our press line, Emily Fielder, emily@adamsmith.org | +44 7584 778207

The Adam Smith Institute is a free market, neoliberal think tank based in London. It advocates classically liberal public policies to create a richer, freer world.