The Financial Times is reporting today (15 February) that Rachel Reeves is ready to break another promise by extending the freeze on personal tax thresholds (one of the UK's least stealthy 'stealth taxes') beyond 2028 in next month's 'not a Budget' Budget. Here are four quick points. First, this report is plausible. The current freeze … Continue reading Is Rachel Reeves about to break another tax pledge?
Tag: Spring Budget
Latest misses show the danger of relying too much on OBR forecasts
It is always good to begin with some ‘good news’. The UK government recorded an unexpectedly large budget surplus in January, with revenues exceeding spending by £5.4 billion. This was £5.0 billion better than forecast by the Office for Budget Responsibility (OBR). It would be daft to focus on just one month’s figures, but this … Continue reading Latest misses show the danger of relying too much on OBR forecasts
Plain-speaking Economics 