The Paul Johnson Aftershow

The way the British government funds itself is complicated—ridden with fiscal drag and stealth levies. Everyone seems to hate the system for something, and there’s arguably a dire need for reform. That’s the case that was made by Institute for Fiscal Studies Director Paul Johnson during an episode of Merryn Talks Money this week. But what kind of changes are we talking about, and will they work? In this week’s special aftershow episode, Somerset Webb and senior reporter John Stepek unpack Johnson’s comments on the UK tax system and the changes he says are necessary to encourage growth across the country.

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