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: Taxation
“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”
Broken Britain: can a Labour government fix it?
Keir Starmer’s suited and rebooted Labour Party looks set to sweep to power and says it is ready for business. But Labour will also inherit an economy suffering from a chronic lack of growth, a housing crisis, and failing public services. Nothing seems to be working properly and productivity has stagnated. Can Labour get the … Continue reading Broken Britain: can a Labour government fix it?
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?
Plain-speaking Economics 