Chris proposes productivity rising tax cuts on intellectual property

Today's Times is reporting that the Chancellor may adopt my proposals to fill up to 20% (£5bn) of the Chancellor's fiscal black hole.

These are productivity raising tax cuts on intellectual property which I've been working London Business School Economists Paolo Surico and Joseba Martinez. These would increase the value of UK startups producing cutting edge science and incentivise British companies to rapidly bring in innovation to boost productivity.

It is vital that the government take measures to raise productivity to escape the UK's cycle of rising debt and taxes and crumbling public services.

This comes on top of:

• upgrading economic growth by £11bn/year through my efforts to persuade the government to adopt Paolo’s work on defence research and development (quoted in spring statement press release) and;
• my work calling for a bank tax on windfall profits on quantitative easing which could raise £8bn a year this parliament- instead of from taxpayers- reported in the Guardian in June.

See an excerpt from The Times below: