UK Chancellor’s New Adviser Warns Against Quick Fix of Tax Cuts

Chancellor of the Exchequer Jeremy Hunt must go beyond tax cuts to revive Britain’s anemic growth rates and significantly widen the scope of his new business investment stimulus, according to his new economic adviser Anna Valero.

Valero, a senior policy fellow at London School of Economics’s Centre for Economic Performance, warned that using tax cuts as a “quick fix” to boost growth wouldn’t work and called for more generous incentives to spur business investment.

The remarks underscore the competing demands Hunt faces if he finds money for giveaways ahead of the next general election, which is expected in 2024. He’s ...