3 ms·
Now that the rise in corporation tax to 25% is back, the UK press are of course pushing claims by economists that it will make the oncoming recession deeper and
by makomk 4y ago
Now that the rise in corporation tax to 25% is back, the UK press are of course pushing claims by economists that it will make the oncoming recession deeper and longer. That narrative was nowhere to be found prior to the u-turn though, with the media consensus being that of course lower corporation tax wouldn't help grow the economy and only ideologically-driven right wingers who ignored the evidence believed otherwise. It's another one of those scenarios where whatever the government is doing at the time is the wrong choice.
- mytailorisrich 4y agoThat narrative that the rise is hurtful to businesses, and thus the economy, has always existed. Of course what changes is what the media choose to report, but you'll note that in any case it certainly isn't making a lot of noise that economists are not keen. It's quite a hike and it sends the UK among the highest taxed countries in Europe...