With the implosion of Truss’s Growth Plan, cuts to corporation tax look highly unlikely any time soon. This is disappointing because we know from the Treasury’s own modelling in 2013 just how beneficial not going ahead with the corporation tax rise could have been: long-term GDP and investment spending could all be boosted, with much […]
We know the economic recovery will be tough going. It’s absolutely right that there is much healthy debate on the best measures to get us out of the current malaise. Some media reports have suggested that government ministers are planning huge outlays on green jobs and infrastructure spending, but apart from one leaked Treasury missive […]
In the face of Covid-19, the Government is right to take action that in ordinary circumstances would not be acceptable. Businesses collapsing in an ordinary recession is an important aspect of how markets transfer resources and create more efficient enterprise and innovation. But businesses in trouble because of coronavirus may be viable and losing them […]
And so the public bidding for budget giveaways begins. The first stories of this year’s “winter crisis” in the NHS have now emerged. Cue demands for more spending, waste and corporatism. But what about movement in the other direction? What about a targeted, popular tax cut to coincide with our departure from the EU? Cutting […]
Jeremy Corbyn and his merry bands of Marxists are at it again: a new tax on Facebook, Google and Netflix to subsidise the BBC licence fee and create a British Digital Corporation to take on those pesky Americans. This is yet another example of a solution in search of a problem from Team Corbyn. The […]
