Category: UK economy

Is there any case for tax increases now?

Few people outside the Treasury think that now is a good time even to be talking about raising taxes, let alone actually doing so. Nonetheless, it seems almost certain that the Chancellor will start down this road in Wednesday’s Budget. This may not be as mad as it sounds. The arguments against immediate tax hikes … Continue reading Is there any case for tax increases now? →

Sense checking the Chancellor’s £25bn

Rishi Sunak is warning that a one percentage point increase in the interest rates paid on government debt could add £25bn to the annual debt interest bill. Does this stack up? And how worried should we be? For a start, the £25bn figure is factually correct. There has been some confusion about this on Twitter, … Continue reading Sense checking the Chancellor’s £25bn →