High spending and tax to blame for shadow economy

BBC News round-up reports on the shadow economy

Mark Littlewood discussed the IEA's publication, "The Shadow Economy" on BBC Business News round-up.

The report discovered that the UK's shadow economy accounts for almost 1/10th of GDP or more than £150bn. The publication argues that high levels of government spending and tax rises create a dangerous cycle of pushing individuals and business into illicit employment.

Listen to the full programme here. Segment begins at 7.25.

Invest in the IEA. We are the catalyst for changing consensus and influencing public debate.

Donate now

Thank you for
your support

Subscribe to