Rishi's rush to tax sells Britain short

In response to the Chancellor announcing a global minimum tax rate cartel of the G7 Nations, Deputy Director Matthew Kilcoyne says:

"Rishi has rushed out an announcement that the G7 has created a global tax cartel. The world's most powerful governments have clubbed together to shirk the responsibility of going for growth and chosen instead to maximise the taxman's take — and all at our expense.

“In doing so the UK Government has signed away the primacy of Parliament in setting taxes for the British people — and the rights of the Overseas Territories and Crown Dependencies to set their own fiscal policy. A quarter of a millennium ago our American cousins fought a revolution to reject Westminster’s taxation without representation. Half a decade ago Britons voted to take back control over all the rules of the economy. Nobody voted to hand power over our taxes to Washington’s demands.

“These proposals are not in the UK’s interest and Rishi has sold Britain short. Rishi Sunak’s flagship policies of Super Deductions and Free Ports are dead in the water. The Chancellor's own policies, scuppered by his own hubris."

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