The head of the city regulator wants the next government to use tax and
spending to create a green economy,
Adair Turner, said taxes need to be raised to punish damaging environmental
“There is therefore a very strong argument whenever one is in the environment
of tax rises for trying to make them skewed as much as possible to things that
make sense in the long term,” he said.
He believes spending should be targeted to deliver better environmental
“In the expenditure side, obviously it is the case that some expenditures are
particularly valuable at this time in the cycle, in particular ones where the
leakage into imports is least,” he said.
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