Skip to main content

Low tax/low spending rhetoric is fiscal fiction

It’s true that the Chancellor’s pre-election splurge unveiled in this week’s Autumn Statement was the biggest tax-cutting package since 1988. But the reality is that the tax burden is still set to rise to its highest since the early 1950s. And there are big question marks over whether the Chancellor's tough spending plans will be achieved. So while the Conservatives are trying to position themselves as a low tax/low spending party, it is difficult to escape the conclusion that the size of the state will rise whoever wins the next election.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access