With the United Kingdom voting to leave the European Union, it is essential that politicians put together a plan for growth that ensures the security and stability of the economy as we negotiate the best possible deal. It is critical that the government sends the right signals to quash any uncertainty.
Instead of talking Britain down, we should see the decision to Leave as an exciting opportunity to do business in the global economy. Overall, the government must map out a positive vision for taxpayers. To that end, the TaxPayers’ Alliance has today released a policy briefing which recommends:
- A temporary VAT cut to 17.5 per cent, with a review after one year
- Cutting Corporation Tax cut to 10 per cent
- Scrapping the 45p rate of Income Tax
- Cancelling HS2 and reallocating some of the earmarked spending to more worthwhile and growth-enhancing projects
- Immediately authorising the expansion of both Heathrow and Gatwick airports
- Securing high-quality recruits to begin worldwide trade negotiations
- Relaxing planning laws and speeding up the planning process to allow for a major programme of housebuilding
- Pressing ahead with strategic energy projects to ensure energy security and affordability for those on lower incomes
Andrew Allum, Chairman of the TaxPayers' Alliance, said:
"The UK has an exciting opportunity to become a more liberal, competitive economy. It's crucial that our politicians are positive and show that Britain is an attractive place to do business, with competitive conditions to match our talented workforce.
"We need a positive vision for British taxpayers outside the EU, and meaningful tax cuts and strategic reforms to boost growth and prosperity are excellent first steps."
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