Category: UK economy

A pensions tax raid isn’t just bad politics, it’s awful economics

Here we go again. The Daily Telegraph is reporting that Treasury officials are “drawing up plans” for a pensions tax raid in the autumn to help pay for Covid. It might be more accurate to say that old plans are now being ‘dusted off’, but the quality of debate does not seem to have improved. For a … Continue reading A pensions tax raid isn’t just bad politics, it’s awful economics →

Forget Bitcoin’s latest collapse, digital currencies are still the future

The latest slump in the prices of Bitcoin (and many of its peers) has put a serious dent in their credibility as a reliable means of payment, let alone as a store of value or a sound investment. But this is certainly not the end for digital currencies. If anything, the crash in the prices … Continue reading Forget Bitcoin’s latest collapse, digital currencies are still the future →

Britain should welcome cheaper food from Australia, not tax it

Opposition to tariff-free access to UK markets for Australian farmers is protectionism, pure and simple. Minette Batters, president of the National Farmers Union (NFU), argues that removing tariffs would make it ‘all but impossible’ for British family farms ‘to compete with vast volumes of imports from the southern hemisphere produced in a very different manner’. … Continue reading Britain should welcome cheaper food from Australia, not tax it →