Since 2010, the headline rate of corporation tax has been steadily falling. When David Cameron became Prime Minister it stood at 28%, now it is 19%. According to a recent Times report, however, “new analysis by the Treasury suggests there is little evidence that it has increased revenues”. You don’t say! Few economists believe that […]
The deadline is looming for the political event which could profoundly shape Britain’s economic and social destiny for decades to come. No, not a Brexit deal. I’m talking about the deadline for responses to the Government’s consultation on its planning and housing white paper. The comparison is made only partly in jest. Almost all forecasts […]
Before the 2015 summer Budget, landlords paid income tax on their rental income profits. The tax system was neutral regarding ownership. The combined tax on interest income to a lender and net rental income to a landlord borrower was the same regardless of how much lending was involved. More lending meant higher interest payments to […]
Life is both harder and easier for younger people than it was for older generations when they were young. That sounds contradictory – and it is – because the facts are mixed. Young people today are much less likely to die of diseases and accidents than older generations were, thanks to advances in healthcare and […]
