The Treasury’s “fiscal rules” are rather like New Year’s resolutions: many of us make them, but few keep them. Nonetheless, after the spending binge during the pandemic, the Government needs some sort of framework to bring borrowing back under control. We may not have to wait much longer. The Chancellor is expected to unveil new … Continue reading Sunak must keep trying to cut tax before the next election
Category: Applied economics
Many diehard Remainers are still claiming that UK exports to the EU have been permanently crippled by Brexit, and that UK imports will fall further. But the evidence is stacking up against them. Admittedly, the widely expected decision to delay the full introduction of UK border checks might suggest that there is worse to come. The Government … Continue reading What’s the real story on UK-EU trade?
The Treasury is keeping busy, but hopefully not too busy. On the same day as the Prime Minister unveiled the ‘health and social care levy’, the Chancellor revealed last week that we will only have to wait another 50 days for the Autumn Budget, due on October 27. The focus next month will probably be on … Continue reading Stronger economy should save us from further tax rises
A shock poll commissioned by the IPPR Scotland thinktank has revealed this week that more than 80 per cent of Scots would like to work fewer hours for the same pay. This may well prompt further revelations about the religious leanings of the Pope, or the toilet habits of bears. But in the meantime, the … Continue reading The trials and errors of Scotland’s four-day week