Tag: NHS

Time to ditch the National Insurance hike

The case for scrapping the increase in National Insurance contributions (NICs) planned for April is now so overwhelming that is hard to find good arguments in favour of keeping it. I’ve seen a few, but they are easy to knock down. Nick Macpherson, formerly the top civil servant at the Treasury, has tweeted that ‘National … Continue reading Time to ditch the National Insurance hike

Stronger economy should save us from further tax rises

The Treasury is keeping busy, but hopefully not too busy. On the same day as the Prime Minister unveiled the ‘health and social care levy’, the Chancellor revealed last week that we will only have to wait another 50 days for the Autumn Budget, due on October 27. The focus next month will probably be on … Continue reading Stronger economy should save us from further tax rises

What’s behind the relatively large fall in UK GDP? (reprise…)

On Sunday, Labour’s Anneliese Dodds tweeted that the UK ‘had the worst recession and the worst growth of any major economy last year’, and that ‘Covid closed much of our economy, but the Conservatives crashed it’. Of course, this is just a tweet and almost all politicians try to score points in this way. Nonetheless, … Continue reading What’s behind the relatively large fall in UK GDP? (reprise…)

Why has the UK economy been among the worst hit by Covid?

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?