Jim O'Neill suggests fiscal headroom drop over Budget tax rises
UKPulse Money Desk
Former Burnham adviser Jim O'Neill has stated that a reduction in fiscal headroom is preferable to tax increases in the upcoming Budget.
- Jim O'Neill, a former adviser to Burnham, believes a drop in fiscal headroom is a better option than Budget tax rises.
- O'Neill suggests the Chancellor should avoid undermining confidence as economic growth returns.
Jim O'Neill, a former adviser to Burnham, has indicated that a decrease in fiscal headroom would be a more suitable approach than implementing tax increases in the Budget. He conveyed this view to the Financial Times.
O'Neill advised that the Chancellor should refrain from undermining confidence, particularly as the economy is experiencing a return to growth.