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OECD repeats think tank concerns over U.K. tax and growth, Robert Colvile notes

OECD repeats think tank concerns over U.K. tax and growth, Robert Colvile notes
OECD echoes think tanks on tax

The Organisation for Economic Co-operation and Development (OECD) has made points about the U.K. tax system that align closely with those raised by think tanks. Robert Colvile draws attention to the similarity in comments regarding how taxation could be stifling economic growth.

Colvile noted that the OECD is raising the same arguments about tax-driven growth barriers as many policy groups have previously identified.

Colvile has previously noted a discrepancy between government and industry estimates for business admin costs, with tax policy figures reaching £25 billion. He has also highlighted that housing costs as a share of income have tripled since 1957. Both issues have been cited alongside tax as barriers to economic competitiveness.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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