Debate On Tax Policy To Dominate UK Conservative Party Leadership Contest
Country Risk / United Kingdom / Tue 12 Jul, 2022
Key View
- Debates over tax policy will dominate the current UK Conservative Party leadership contest, though under the current fiscal rules, tax cuts will be limited by the available headroom of just GBP20-25bn (0.8-1.0% of GDP).
- While not our core view, fiscal rules could be changed to allow for increased borrowing and avoid an unpopular