Tweet by @DavidGauke | PolitiTweet

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

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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

But assuming that there is scope of cuts in business taxes, would the Chancellor choose the CT rate? Again, I'm sceptical. Politically, the most popular business tax to cut would be business rates (although Treasury officials will be sceptical about the economic benefits). /5 — PolitiTweet.org

Posted March 6, 2021