Malhotra said George Osborne, the chancellor, was “remarkably uninterested in what [business tax reliefs] cost and whether they work”.
It is important to point to these tax breaks – but Labour also needs to include within their investigations an examination of how tax benefits (including capital allowances) combine with headline rates to give UK businesses a better deal than their counterparts elsewhere. Malhotra is right to state that:
The chancellor hasn’t the faintest idea whether the array of tax reliefs for business meet their goals and whether they are value for money for the taxpayer. George Osborne is not interested in evidence that conflicts with his own political prejudices.