Here are the slides from a v-talk I gave today (25 February 2021) to A-level students... economics-of-covid-25-feb-2021Download
The latest UK GDP numbers were better than expected, but it would still be dangerous to raise taxes in the March Budget. This would be far too soon after a year when the economy contracted by nearly 10% and with a renewed decline almost certain this quarter. To recap, UK GDP rose by 1.2% m/m in December … Continue reading Big freeze in GDP should keep tax hikes on ice too
The Sunday Times has reported that UK officials are mulling two new taxes on digital businesses – an online sales tax and an ‘excess profits tax’ – in order to help fill the hole in the public finances and support the High Street. In my view, both are bad ideas. In general, economists quite like … Continue reading The pros and (mostly) cons of an online sales tax
The lead in Sunday’s Observer (7th February) was ‘Fury at Gove as exports to EU slashed by 68% since Brexit’. If this headline is even approximately right, this is indeed a ‘Brexit disaster’. Fortunately, some basic due diligence suggests that it’s completely over the top. The Observer claims that ‘the volume of exports going through … Continue reading Have UK exports to the EU really been ‘slashed by 68%’?