Tag: coronavirus

Importing is “GREAT”, too

The UK government promotes international trade under the banner ‘Exporting is GREAT’. This is laudable, but the economic benefits of free trade come mainly from what countries import, rather than from what they sell overseas. This is the main message from a paper I wrote recently for the Institute of Economic Affairs. Of course, it is not … Continue reading Importing is “GREAT”, too

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

What’s behind the relatively large fall in UK GDP? (reprise…)

On Sunday, Labour’s Anneliese Dodds tweeted that the UK ‘had the worst recession and the worst growth of any major economy last year’, and that ‘Covid closed much of our economy, but the Conservatives crashed it’. Of course, this is just a tweet and almost all politicians try to score points in this way. Nonetheless, … Continue reading What’s behind the relatively large fall in UK GDP? (reprise…)