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likely is that they would take some other measures. back in the early 1980s when the thatcher government came in, they cut the income tax rate but they raised the vat rate to offset it. so i wouldn t be surprised to see some offsetting measures, the government needs to be careful because if measures like raising vat, that will push up the rate of inflation. they are going to have to act carefully. whether these tax cuts can be sustained without a longer term increase in borrowing, which is what the afs have said, that will be a continue would by the financial markets. fik. will be a continue would by the financial markets. financial markets. 0k. dr andrew financial markets. 0k. dr andrew sentance, - financial markets. 0k. dr andrew sentance, thank | financial markets. 0k. dr i andrew sentance, thank you financial markets. 0k. dr- andrew sentance, thank you for your time. we appreciate it. afs is the institute for fiscal studies.

Income tax rateVat rateTax cutsAndrew sentanceMarkets financialInstitute for fiscal studies