“The Growth Commission warns of two decades of stagnation due to high taxes, low productivity, and red tape.” Quotation by Nigel Holland.
- Liz Truss’s taskforce advocates tax cuts for economic growth.
- GDP per head to grow by just 1% annually for the next 20 years.
- High tax burden blamed for stifling economic progress.
- Commission calls for tax threshold adjustments and public sector reviews.
- Proposal claims reforms could add 23% to the economy by 2044.