Category: Uncategorized

Why Q2’s fall in UK GDP isn’t a game changer

To begin with, let’s be clear that the UK’s second quarter GDP data were disappointing. The 0.2% quarter-on-quarter (q/q) fall was the first decline since 2012, and also bigger than expected (the consensus forecast was for no change). What’s more, the UK was, at the time, the only major economy to report an outright fall in … Continue reading Why Q2’s fall in UK GDP isn’t a game changer

Time to delete the tech tax

The usual suspects have taken Amazon’s 25th birthday as the excuse to rehash accusations that the company is under-paying tax. Jeremy Corbyn’s message of ‘many happy tax returns’ was at least witty, but it still shows little grasp of basic economics, let alone how the tax system actually works. Unfortunately, the Conservative government also seems … Continue reading Time to delete the tech tax