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ECONOMICS COMMENTARY
Jun 26, 2013
UK households favour consumer tax cuts to boost economy
With the UK economy expected to grow just 0.6% in 2013, according to independent forecasts from the Office for Budget Responsibility, 1,500 households were asked which policies they considered the most appropriate for stimulating faster growth. The survey found that just 2% of respondents saw no need for further stimulus. Consumer tax cuts were most commonly cited as the policy that the government should introduce to boost growth, followed by more incentives or better schemes to boost bank lending. Higher infrastructure spending was the third most widely cited policy initiative, alongside the scaling back of the government's austerity measures.
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