Belfast Telegraph

Tuesday 23 September 2014

Sammy Wilson doesn't 'get it' on economics

It's regrettable that Sammy Wilson chooses to respond to criticism of his arguments on corporation tax with personal slights (Write Back, September 28).

Unfortunately, Mr Wilson apparently still doesn't 'get it' when it comes to supply-side economics.

A cut in the rate of corporation tax may well involve a reduction in public spending in the short term. That's not the same as taking money out of our economy.

On the contrary, cash will stay in hard-pressed businesses where it can protect existing jobs and create new ones.

Everyone knows that our economy needs to be re-balanced and kick-started. Sammy Wilson should start by giving the private sector the support it needs, rather than putting off creating new jobs for as long as possible.

IRWIN ARMSTRONG

Chairman, NI Conservatives

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