The reluctance of both the Chancellor and the Prime Minister to confirm that non-pensioner benefits (notably Universal Credit) will be uprated next year in line with inflation has fed speculation that the Government is considering a real-terms cut. My advice would be to squash this idea as soon as possible – mainly because it is … Continue reading The case for a real-terms benefit cut is weak – and it would be political madness
Tag: Trussonomics
The cap on energy prices is a gamble that is about to pay off
Critics of ‘Trussonomics’ – and there are many – have been quick to claim that the new energy price plan puts its economic credibility at risk. Indeed, early estimates suggested that the ‘Energy Price Guarantee’ could cost the taxpayer £150 billion or more over two years, making it the most expensive economic policy in history. … Continue reading The cap on energy prices is a gamble that is about to pay off
What have we learned from the first week of ‘Trussonomics’?
The old saying that a ‘week is a long time in politics’ can rarely have been more apt. The changes in Westminster have been overshadowed by the transition in the Monarchy. But the new Prime Minister has also begun to tackle the challenges facing the UK economy. The first big policy announcement was a freeze … Continue reading What have we learned from the first week of ‘Trussonomics’?
Plain-speaking Economics 