why Liz Truss' low-tax strategy won't work
- Written by Gavin Midgley, Senior Teaching Fellow in Accounting, University of Surrey
One of the first things the new UK prime minister Liz Truss did upon winning the Conservative party leadership race was to reiterate her desire to turn the UK into a low-tax economy.
She outlined her reasoning about the fairness of this position during a recent BBC interview:
The people at the top of the income distribution pay more tax so...