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Raising taxes and encouraging migration are key for a responsible budget, Jonathan Portes argues

Raising taxes and encouraging migration are key for a responsible budget, Jonathan Portes argues
Portes urges tax hike and migration

Top economist Jonathan Portes contends that the main question facing the chancellor is whether there will be enough resolve to raise taxes and encourage migration.

Mehdi Hasan reports that Portes views current media focus on the fiscal ‘black hole’ as unhelpful and instead emphasizes policy choices around taxation and migration as essential components of a truly responsible budget.

Earlier this year, Mehdi Hasan covered U.S. jobs data as employers added 29,000 positions in September while unemployment reached 4.2 percent, according to his report on labor market trends. Inflation pressures remained a concern during that period. These developments set the stage for ongoing debate about fiscal policy options.

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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