Here’s something you might not expect to read: ‘chapeau’ to the French economy, which has been one of Europe’s star performers since the pandemic. But what, if anything, can we in the UK learn from this? First, some numbers. The French economy has bounced back relatively quickly. GDP was about one per cent higher in … Continue reading Some French lessons for Rishi Sunak
Tag: tax
When facts change, fiscal policy should change too
Putin’s murderous assault on the people of Ukraine is a threat to peace and security worldwide. But someone also has to worry about the impact on the UK economy. The fallout should prompt a rethink of the response to the cost of living crisis and the tax hikes planned for April. The catastrophe in Ukraine … Continue reading When facts change, fiscal policy should change too
Sunak must keep trying to cut tax before the next election
The Treasury’s “fiscal rules” are rather like New Year’s resolutions: many of us make them, but few keep them. Nonetheless, after the spending binge during the pandemic, the Government needs some sort of framework to bring borrowing back under control. We may not have to wait much longer. The Chancellor is expected to unveil new … Continue reading Sunak must keep trying to cut tax before the next election
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
Plain-speaking Economics 