“Mini-budget” is an absolute disaster
The International Inequalities Institute (at the London School of Economics and Political Science) published a report in December 2020 about the impact of tax cuts for the rich. Looking at data over the last five decades, they concluded that “major reforms reducing taxes on the rich lead to higher income inequality” – hardly surprising – and that “such reforms do not have any significant effect on economic growth and unemployment.” But last week’s “mini budget” for “growth” shows that the new…







