Blog

How to access the pool of wealth in home equity

Michael Johnson - 19 May 2017 -

This letter from Michael Johnson, CPS Research Fellow, was originally published by the Financial Times (£)/ Sir, Follow the money.By far the largest pool of wealth is tied up as home equity: some £5tn net of mortgage debt, 2.6 times gross domestic product (FT Money, May 13).In addition, it is concentrated ...

Labour hasn’t accounted for the ways tax affects behaviour

Tim Knox - 17 May 2017 - Tax

This piece was originally published by the Times Red Box.It seems so simple, logical even. At first glance. First, you just calculate how much a tax rate generates for the Treasury. Then you do the simple calculation to show how much more the Treasury would get if you put up ...

What We Need is a Flexible Migration System, Not an Arbitrary Target

Jennifer Speedie - 15 May 2017 -

With Brexit on the horizon, the age-old immigration debate has been a prime focus of the upcoming general election. During both the 2010 and 2015 election campaigns, David Cameron pledged to cut net migration down to the “tens of thousands”, a target viewed by many as overly-ambitious and unrealistic. Even ...

Britain has come to depend on a small number of rich taxpayers. Raiding them could be disastrous

Daniel Mahoney - 12 May 2017 - Policy Resolutions

This piece was originally published by the Telegraph online.We now know that the Labour Party manifesto will set out plans to hike income taxes for those earning above £80,000. This would, argues John McDonnell, introduce a “fair taxation system to pay for our public services”.Are high earners paying their fair share of income tax? The ...

Will reversing Capital Gains Tax cuts do more harm than good?

Jennifer Speedie - 08 May 2017 - Economy

Earlier this week, Jeremy Corbyn made a pledge to introduce 10,000 new police officers in England and Wales, the equivalent of one new police officer for every electoral ward. In a bid to finance the expansion in law enforcement, Labour has revealed plans to reverse cuts to Capital Gains Tax ...

What the Conservative manifesto should pledge on tax

Tim Knox - 05 May 2017 - Tax

This piece was originally published by the Telegraph as part of their General Election series.The world of work is changing quickly – and the extraordinary success of the Government in presiding over an economy with almost full employment is a tribute to the broadly flexible nature of the UK labour market. ...

What the Conservative manifesto should pledge on housing

Tim Knox - 03 May 2017 - Housing

This piece was originally published by the Telegraph as part of their General Election series. A great opportunity faces the next government. Popular demand for new housing has never been higher. In 2010, the British Social Attitudes Survey found that 46% of respondents said they would oppose any new homes being built in their ...

More than half of Britons are dependent on the state. That is too high.

Daniel Mahoney - 03 May 2017 - Welfare Policy

This article previously appeared in the Daily Telegraph (28th April)Yesterday, the Office for National Statistics published figures showing the level of net dependency on the UK State. Their figures define net dependency as the proportion of households receiving more in benefits (including benefits in kind) than they pay in taxes. ...

Macron v Le Pen: ‘Conversations dans le Parc Monceau’

Jenny Nicholson - 02 May 2017 - Politics

‘Catastrophic’ was the unsurprising verdict of those I spoke to on the afternoon of the first round of the French elections in Parc Monceau with Honor Bishop, the 10 year old daughter of friends I was staying with in Paris, if Marine Le Pen won the second round of the ...

There is still no money left, so we should praise - not demonise - Theresa May for fiscal discipline

Robert Colvile - 01 May 2017 - Economy

This piece was originally posted by the Telegraph. Yesterday, on The Andrew Marr Show, the presenter peppered Theresa May with questions about public spending. Don’t nurses deserve a pay rise? How can benefits continue to be cut? Why won’t she fund schools properly? Implicit in each was a request - almost a ...

We need a pledge on a royal commission for the NHS

Tim Knox - 01 May 2017 - Healthcare

One of the great arguments by those who support the NHS is that it is “fair”; a millionaire at a GP or an NHS hospital will get exactly the same treatment as someone on the lowest income.At least, supposedly.A recent report from the ONS shows that if you live in a smart ...

May’s chance to abolish the Carbon Price Floor and help the JAMs

Jennifer Speedie - 28 April 2017 - Energy

In 2016, Theresa May pledged that the Conservative party would “put [themselves] at the service of ordinary, working people and...strive to make Britain a country that works for everyone – regardless of where they’re from”. The upcoming General Election, set to be held for 8th June, provides the perfect opportunity ...

Implications of the new ‘Gig Economy’

Jennifer Speedie - 24 April 2017 - Economy

In recent years, there has been a shift away from traditional 9-5 working hours with self-employed workers now making up 15% of the workforce and over 900,000 people working under zero-hours contracts. This rise in the ‘gig’ economy, defined as a ‘labour market characterised by the prevalence of short-term contracts ...

How May can be as bold as Thatcher or Attlee

Tim Knox - 20 April 2017 - Politics

This article was originally published by the Times Red Box.A strong economy. A Labour Party facing, in the words of Polly Toynbee, “its darkest night”. 4 million former UKIP voters who can now only – logically – support the Conservatives. A Liberal Party which can fit all its MPs into ...

Our foreign aid commitment is unnecessary – let free trade take its place

Tim Knox - 20 April 2017 - International Aid

This article was originally published in the Daily Telegraph Comment section and on the Telegraph website.In the three decades between 1981 and 2010, extreme poverty fell dramatically, all across the planet. Over half the people in the developing world were then condemned to lives of abject poverty, according to the ...