Haldane is right – the Chancellor’s doom-mongering is dangerous September 18, 2024 The stories we tell ourselves matter in economics, writes Paul Ormerod
Yes, the UK needs more investment – just not necessarily by government September 17, 2024 After all, the public sector isn't always best suited to overseeing large scale investment projects like the disastrous HS2, writes Julian Jessop
‘Hard to justify’: IFS calls for Reeves to limit pension tax-free lump sum September 11, 2024 Rachel Reeves is rumoured to be considering a shake-up of pension tax reliefs in the October Budget as she seeks to address a challenging fiscal inheritance.
The real fiscal ‘black hole’ is government debt September 11, 2024 When one of the most senior figures in investment banking was asked at a private event last week what keeps him awake at night, he replied “government debt”. A recent House of Lords report will not help him sleep any easier. The Economics Affairs Committee has warned of the “grim reality” that at £2.74 trillion [...]
Goldman Sachs expects tax hikes of ‘at least’ £20bn in Reeves budget September 10, 2024 Many potential tax reforms have faced criticism for their potential unintended consequences.
Is there a Tufton Street of the left? September 5, 2024 With think tankers and campaigners being appointed to government, it’s tempting to think these secretive groups are calling the tune, but there are better ways to work out what Labour really thinks, says James Nation Over the last 14 years, there was a theory among some commentators that went something like this: yes, Conservative Prime [...]
What will Labour do about green taxes? August 27, 2024 With net zero a key plank of the new government’s agenda, what can we expect on environmental taxes in the Budget? Asks Sharon Baynham We have a £22bn black hole in the public finances. Who knew! Well, anyone who dared to look according to the Institute for Fiscal Studies. The blame game has already started [...]
Treasury and FCA worried by payments regulator’s fraud refund scheme August 22, 2024 The government and City watchdog have raised concerns over a fraud refund scheme from the UK payments regulator that firms have warned could do long-lasting damage to the industry, City A.M. understands.
Public wary of tax rises as economists warn on ‘disappointing’ fiscal progress August 21, 2024 Although the public are opposed to tax rises in general, there are a couple of taxes which could go up with popular support. Perhaps unsurprisingly, these are taxes which most people do not pay.
Rachel Reeves facing ‘tough choices’ after latest UK borrowing figures August 21, 2024 Already this financial year the government has borrowed £4.7bn more than predicted by the Office for Budget Responsibility (OBR) back in March.