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
According to the latest official data, the UK has seen a larger fall in GDP during the pandemic than almost any country in Europe. The worst hit economies are actually Greece and Spain. But the UK appears to have suffered much more than France, Germany, Italy, or Sweden. This needs some explaining. Let’s deal first … Continue reading Why has the UK economy been among the worst hit by Covid?
Here's an online presentation I gave today (15th January) to A-level students of economics and politics, and their teachers. On Covid, topics include: why might state intervention be needed? should we put a price on a human life? why has UK GDP been hit relatively hard? what will be the long-term economic impacts? how much … Continue reading The Economics of Covid and Brexit
New year, new lockdown. I’m instinctively sceptical that such severe restrictions on our lives can ever be justified, but two factors have surely tipped the balance in their favour. The first, of course, is the far more rapid transmission of the new Covid variant. This has increased the benefits of locking down, as the risk … Continue reading ‘Lockdown 3’ won’t be anywhere near as bad as the original