A large increase in the personal allowance would not be a good way to cut taxes, whether the goal is to boost economic growth or to help the poor, and regardless of how it would be financed. There is now remarkably broad support for a large rise in the standard Personal Allowance (PA), which is … Continue reading Why raising the personal allowance would be the wrong tax cut
Tag: economy
Weekly wrap: Tax cut talk – the good, the bad, and the ugly
Also including thoughts on the latest Budget speculation, paying interest on reserves, the latest from the OECD and IMF, Carney and Blair’s EU fantasies, and what’s really happening to consumer confidence... Theme of the Week It’s party conference season, so politicians will not let a mere fiscal crisis disrupt the usual competition to see who … Continue reading Weekly wrap: Tax cut talk – the good, the bad, and the ugly
What Carney and Blair both get wrong on the EU
Mark Carney’s vision for Canada’s future relationship with the EU and Tony Blair’s ambition for the UK to rejoin the bloc are delusional in similar ways. This blog explains why... Earlier this month, Canadian Prime Minister Mark Carney and European Commission President Ursula von der Leyen made a coordinated push to promote the idea that … Continue reading What Carney and Blair both get wrong on the EU
What to make of the new OECD forecasts
The OECD is not really in the forecasting business and its projections are no more interesting than any others. But the consistent policy messages from the OECD and IMF might carry more weight. Frankly, my advice is to ignore the latest OECD projections - they don’t tell us anything that we don’t already know, and … Continue reading What to make of the new OECD forecasts
