Let us start with the good news. The UK economy is set to beat expectations this year and outperform the euro area, boosting the appeal of UK assets to overseas investors. UK GDP grew by a solid 0.7 percent in the first quarter, and this rate is likely to be matched in the second. Even … Continue reading Labour’s policies risk snuffing out the recovery
Category: Fiscal Policy
“Abacus Economics 2.0”
It is tempting to dismiss Rachel Reeves’ statement to Parliament on the health of the public finances as merely a piece of political theatre. The main purpose was indeed to blame the Conservatives for the consequences of decisions taken by the new Labour government, and to prepare the ground for tax rises in the Autumn. But there … Continue reading “Abacus Economics 2.0”
What will Labour do on tax?
Just in case Labour forms the next government (it’s wise to be prepared for all eventualities!), here’s a rundown of their stated plans on tax, and what they might actually do in power. It’s only fair to start with what’s in the manifesto. The short answer is ‘not a lot’. The permanent tax measures include: … Continue reading What will Labour do on tax?
Does any UK party have a credible plan on tax and spending?
The four main parties (on the basis of their likely share of the UK vote) have all now published their manifestos for the general election on 4th July. The boldness of the commitments appears to be inversely related to the number of seats that each party is predicted to win. But every party has a … Continue reading Does any UK party have a credible plan on tax and spending?
Plain-speaking Economics 