David Gauke

@DavidGauke ↗

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Last Checked May 11, 2021

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Sat Mar 06 11:53:51 +0000 2021

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David Gauke @DavidGauke

.. I doubt that cutting the CT rate would be a priority. If an economy is growing well, the pressure to prioritise business tax is reduced ('business is doing fine, they don't need it'). If, late in a Parliament, there's room for tax cuts there are more voter-friendly options. /3 — PolitiTweet.org

Posted March 6, 2021

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David Gauke @DavidGauke

The argument is that the economy might grow faster than the OBR expects, resulting in additional tax receipts so the CT increase isn't necessary. There's a lot of uncertainty about the economy's performance & it's quite possible we outperform OBR forecast but even if we do... /2 — PolitiTweet.org

Posted March 6, 2021

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David Gauke @DavidGauke

And, even if there is a better than expected economic performance, will there be scope for tax cuts? The pressures on public spending will be immense. From a Treasury perspective, maintaining current spending plans looks to be ambitious. /4 https://t.co/hh8W2MrtTf — PolitiTweet.org

This from @OBR_UK is spot on. Spending plans from 2022 include precisely nothing for dealing with additional pressu… https://t.co/wdiDqZC15b

Posted March 6, 2021