Author: julianhjessop

A critique of ‘Modern Monetary Theory’

Imagine that the government could simply print whatever amount of money it needed to guarantee everyone a decent income, fantastic public services, and a secure job if they wanted one – with enough left over to save the planet too. That, for many, is the promise of a new economic paradigm known as “Modern Monetary … Continue reading A critique of ‘Modern Monetary Theory’

IEA Debate: Should Capital Gains Tax be abolished?

The Chancellor has asked the Office for Tax Simplification to undertake a review of Capital Gains Tax (CGT) to ‘ensure the system is fit for purpose’ and to look again at how capital gains are taxed compared to other types of income. But should he go further and simply abolish CGT completely? Philip Booth, the IEA’s Senior … Continue reading IEA Debate: Should Capital Gains Tax be abolished?

Chancellor gets it just about right

Rishi Sunak’s ‘Summer Economic Update’ was judged well – and delivered well – but it remains to be seen whether all the headline-grabbing measures will live up to the hype. The blizzard of announcements, culminating in the gimmicky ‘Eat Out to Help Out’ scheme, left me at least wondering whether the Chancellor was trying a … Continue reading Chancellor gets it just about right