12-Point Plan to Turbocharge Economy After No Deal

The Centre for Policy Studies have launched a new report setting out a 12-point plan for how to turbocharge the economy after a no deal Brexit. The plan includes numerous business-boosting measures including significant tax cuts for small businesses and ordinary workers, while lowering corporation tax to increase the incentives for larger businesses to invest. Tariffs are cut dramatically and free ports given the go-ahead.  A council tax freeze will also go down very well with voters…

The only question is how it’s all going to be paid for. The CPS say it can all be financed with a small short-term increase in deficit spending, keeping public sector net borrowing under the level of 4.5% of GDP it was at in 2014/15. As a leading German financial institute predicted just this week, if the UK handles no deal sensibly and slashes tariffs it can actually do better out of it relative to the EU…


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