Category: Poverty

Put April’s tax rises on hold and let growth fix the public finances

First, the bad news. UK consumer price inflation has already hit 5.1pc in the 12 months to November. And it is likely to rise further in the coming months as businesses pass on more of the price pressure that is already in the pipeline. In particular, the energy regulator Ofgem is reviewing its cap on … Continue reading Put April’s tax rises on hold and let growth fix the public finances

How to solve a problem like the ‘triple lock’

Few subjects are as touchy as the annual increase in the state pension. My own view is that it would be right to tweak the ‘triple lock’ this year, but wrong to scrap it completely - at least until we have come up with something better. Just in case you have been on the Moon, … Continue reading How to solve a problem like the ‘triple lock’

Why I’d vote against the cuts to UK aid

MPs will hopefully soon have the chance to vote on whether the UK should restore spending on foreign aid to the mandated level of 0.7% of GNI (gross national income). This is surely the right thing to do. First, the arguments in favour of cutting the target to 0.5% are weak. The Government’s case is … Continue reading Why I’d vote against the cuts to UK aid

‘Global Britain’ shouldn’t be taking an axe to foreign aid

According to The Times, the Treasury is pressing for foreign aid to be cut 'temporarily' from 0.7% of GDP to 0.5% as part of next Wednesday’s Spending Review. I think this would be a mistake. By way of background, the International Development Act of 2015 commits the government to spend 0.7% of national income on … Continue reading ‘Global Britain’ shouldn’t be taking an axe to foreign aid