Here we go again… another day of alarming headlines about a tax ‘bombshell’ set to hit as soon as the Autumn Budget, with a ‘state pension grab’ chucked in too. Fortunately, there isn’t much substance in any of this – at least not yet. Let’s start by contrasting what the Sunday newspapers are saying. The … Continue reading Sunak’s ‘tax bombshell’ is likely to be a damp squib
Author: julianhjessop
Home working choices shouldn’t be the government’s business
I can understand why the government is launching a campaign to encourage people to go back to work. Its own dire warnings about the importance of staying at home had contributed to a climate of fear that perhaps only the government itself can now undo. But there is also a danger that attempts to replicate … Continue reading Home working choices shouldn’t be the government’s business
How more accurate data help to explain the relatively large fall in UK GDP
There is a lively debate among economists about the way in which UK statisticians are estimating the impact of Covid and the lockdown on the output of the public sector. This is a relatively arcane topic and the mainstream media can be forgiven for not yet covering it. But it is important, not least because … Continue reading How more accurate data help to explain the relatively large fall in UK GDP
A glass-half-full take on UK GDP
The real ‘news’ in today’s official GDP data for Q2 is not that the UK economy shrank for a second successive quarter in the three months to June, thus meeting the usual definition of a ‘recession’. That was a racing certainty anyway given the collapse in economic activity in April and the limited recovery in … Continue reading A glass-half-full take on UK GDP
