Including more on inheritance tax, the latest mixed signals on the health of the UK economy, the state of the labour and rental markets, and why rejoining the EU would need another referendum... Theme of the Week Few will be reading this for my political views, but I believe this was a good week for … Continue reading Weekly wrap – ‘clear blue water’
Tag: finance
Two cheers for Kemi Badenoch’s inheritance tax plans
Inheritance tax is a fundamentally bad tax and raising its threshold makes economic as well as political sense. But exempting “family homes” entirely is more problematic and potentially distortionary. Kemi Badenoch announced today that the Conservative Party “would abolish Inheritance Tax on the family home and raise the individual threshold to £500,000. This will mean … Continue reading Two cheers for Kemi Badenoch’s inheritance tax plans
Weekly wrap – Budget fears might ease, but Brexit uncertainty is back
Including thoughts on the Budget, government bond yields, the folly of reopening the Brexit debate, some better news on UK growth, the OBR 15 years on, and Zack Polanski’s grasp of basic economics... Theme of the Week Labour sources are suggesting that the new Chancellor, John Healey, is set to delay ‘difficult choices’ with a … Continue reading Weekly wrap – Budget fears might ease, but Brexit uncertainty is back
Why raising the personal allowance would be the wrong tax cut
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
