After months of damaging speculation, the Chancellor delivered yet another ‘tax and spend’ Budget which will do little to tackle any of the UK’s deep-rooted economic problems. The Chancellor’s biggest challenge was to persuade enough people that she will not just be coming back again for more next year. Only time will tell whether this … Continue reading Rachel Reeves gambles on a ‘make do and break promises’ Budget
Tag: GDP
The Chancellor is set to raise taxes again – by as much as £30 billion
It has felt like an eternity, but Chancellor Rachel Reeves will finally unveil her second Autumn Budget on Wednesday 26 November. This blog begins with an explanation of how the Budget process works, then attempts to estimate the size of the new financial hole. The next instalment will look at how she is likely to … Continue reading The Chancellor is set to raise taxes again – by as much as £30 billion
The ‘Brexit blame game’ is pretty desperate stuff
Rachel Reeves is getting her excuses in early ahead of next month’s Budget, which looks set to be a painful repeat of last October’s “one off”. The Chancellor has already blamed “external headwinds”, “Tory austerity” and “the ongoing impact of Liz Truss’s mini-Budget”. It is no surprise that she has now dropped the “B-word” too. … Continue reading The ‘Brexit blame game’ is pretty desperate stuff
The case for a late Budget
The Chancellor has confirmed that the date of the Autumn Budget will be Wednesday 26 November. This is relatively late, raising fears that a longer period of speculation and uncertainty will undermine confidence even further, but there are always trade-offs. I can think of five reasons why waiting might make sense. First, and perhaps most … Continue reading The case for a late Budget
Plain-speaking Economics 