How deep a hole are we in? The Institute of Economic Affairs has just published a primer I’ve written on the state of the public finances, which digs into this question. On the bright side, I argue that there is no need for any form of austerity, including tax rises, to fill a gap left … Continue reading Why we don’t need tax rises to pay for Covid
Tag: covid_19
UK economy makes a handbrake turn
How hard will coronavirus hit UK GDP? This may seem like the wrong question to ask in the midst of a health emergency. The new coronavirus outbreak is a social crisis above all else. Even in narrow economic terms, some sort of hit to GDP is inevitable and even desirable: we actually want many people … Continue reading UK economy makes a handbrake turn
Plain-speaking Economics 