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Foreward

Adrian Pabst

National Institute UK Economic Outlook, 2024, issue 13, 3-4

Abstract: The new year has started with the same old debate about how much fiscal space there is for tax cuts in the next Budget. It entirely misses the point about objectives of economic policy and the instruments to achieve them. If the objective is strong, sustained, and balanced growth to generate shared prosperity and greater well-being, then the focus should be on instruments that help to bring it about. While lower taxes can be part of the answer, the first-order question for policy is the right fiscal and monetary policy mix and the necessary levels and path of investment.

Date: 2024
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