Tag: Brexit

Big freeze in GDP should keep tax hikes on ice too

The latest UK GDP numbers were better than expected, but it would still be dangerous to raise taxes in the March Budget. This would be far too soon after a year when the economy contracted by nearly 10% and with a renewed decline almost certain this quarter. To recap, UK GDP rose by 1.2% m/m in December … Continue reading Big freeze in GDP should keep tax hikes on ice too

Importing is ‘GREAT’, too

The UK government promotes international trade under the banner ‘Exporting is GREAT’. However, imports are a 'good thing' too - and in some ways they are actually better. This is not always an easy concept to grasp. If exports help to support local businesses and create jobs, it seems logical that imports must do the … Continue reading Importing is ‘GREAT’, too

The UK government should still be cutting corporation tax, not raising it

Corporation tax hikes are apparently back on the agenda for the March Budget, with the Financial Times suggesting that the Chancellor believes it would be fair to ask businesses for more after taxpayer support during pandemic. This argument might score a few points with focus groups and play well on social media, but it is … Continue reading The UK government should still be cutting corporation tax, not raising it