The Adam Smith Institute Responds to The Spending Review

Responding to the Spending Review, Maxwell Marlow, Director of Public Affairs at the Adam Smith Institute, said:

"This Spending Review is a Parliament-defining moment, setting out a long-term vision for government expenditure. If it is to meet its plans to increase funding for the NHS, defence and education, the government must urgently pursue serious supply-side reforms. Without cuts to red tape, the economic growth required to generate the necessary tax revenue simply will not materialise.

As the state continues to balloon in size, the government must remain vigilant in ensuring taxpayer money is spent wisely. Without reform, many of its plans risk becoming unsustainable. Nonetheless, the government's renewed commitment to funding Research and Development is a welcome move. This is investment in its truest form - supporting life changing innovations that make our lives happier, healthier, and longer. 

The cost of government is already nearing record levels and is set to rise further. If these spending commitments are to be sustained without shifting the burden onto future generations, tax rises may become inevitable."

-ENDS-

Notes to editors:

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