The Institute for Fiscal Studies has announced this morning that its Head of Tax Helen Miller will be replacing outgoing director Paul Johnson. Miller has sometimes been vocal on her actual views about tax:
If the Institute for Fiscal Studies had any credibility under Johnson that has been blown out of the water now. Hacks take note…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”