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LSE News and Media:
Post-election tax rises in prospect to meet deficit reduction targets

11 March 2015

It is likely that there will be tax increases after the election whoever wins, concludes a new report from the Centre for Economic Performance (CEP), based at LSE, in the latest in a series of background briefings on the policy issues in the May 2015 UK general election. Professor John Van Reenen, CEP's director and author of the report, notes that every general election since 1992 has been followed by net tax rises of more than £5 billion. Such an outcome seems all the more probable with each of the three main parties' policy proposals on 'austerity' promising to balance the cyclically adjusted current budget by 2017-18.

This article was published online in LSE News and Media on March 11, 2015
Link to article here

Related publications
Austerity: Growth Costs and Post-Election Plans, John Van Reenen, Centre for Economic Performance 2015 Election Analyses Series, March 2015

Related links
John Van Reenen webpage
Productivity and Innovation Programme webpage

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