I agree

The era of low interest rates and plentiful QE has made for a very benign business environment. That era is ending. Businesses that can only survive in a favourable environment will go bust. IMHO we need to try to made the UK business environment as favourable as possible to keep as many afloat as possible. What do we do? Corporation tax up to 25%?

I guess I would have opted for a smaller energy cap package, maybe the basic rate cut in 2 stages so only 0.5p now. I would have cut corporation tax. I have spent a lot of time in Finland. They do things like vary VAT on cars with the price of a car. So a Fiesta there costs about the same as here while a Ferrari is 6x the price there. Vary car VAT with price and emissions. Put up stamp duty rates for more expensive houses.

So its not about growing the economy for me. Its about minimising the impact of the inevitable global recession. Because keeping businesses afloat keeps people in work and paying taxes rather than being unemployed and on welfare.

Posted By: Timmy_Goat, Oct 17, 17:37:04