Commenting calls by MPs and political commentators, Progressive Vision, the classical liberal think tank, has called upon the Chancellor, Shadow Chancellor and Liberal Democrat Treasury Spokesman to rule out windfall taxes.

Shane Frith, Director of Progressive Vision, said:

“Speculation about windfall taxes harm’s Britain’s economic reputation, even if they are never imposed.  Political leaders need to put the interests of the nation ahead of political point scoring and end the debate about windfall taxes today.

“Windfall taxes are arbitrary and retrospective actions, creating great uncertainty.  The fact that these taxes are even being contemplated at a high level does the nation great harm.  Investors, who pay taxes and create jobs, will be discouraged from investing in Britain if they believe that a windfall tax is possible in the future.”

ENDS