Shopping Basket
Checkout

Category: economy

Happy news for the Camerons this week, with the birth of their fourth child, daughter Florence Rose Endelion. And they are in good company - the NHS recently released figures showing an increase in the number of pregnant women with babies due in the next few weeks. Hospitals usually see a rise in births in August and September, nine months after the Christmas season brings couples time at...

Read more: Babies and immigration: Boom or Bust?

 

The CPS this week commissioned a poll by ComRes to test public opinion on the much debated subject of increasing capital gains tax.

Key findings:

  • Two thirds of people (64%) agree that it would be wrong for the Conservative party to double the rate of Capital Gains Tax when this was not in their manifesto....

    Read more: CGT rise and public opinion

 
In last week's budget, the Chancellor announced £2.5bn of “support” for small businesses, in addition to tax breaks for the video games industry. The tone of the budget speech was one of “enabling government”, which would not sit aside passively but would freely intervene in the economy. This attitude stands in direct contrast to simple economic principles of investment and the profit motive.First, it is the prospect of profit that...

Read more: Why picking winners is a recipe for disaster

 

How heartening it is to discover that there are £11 billion of savings waiting to be made across Whitehall. I am sure I am not the only one who feels weary scepticism when the old chestnuts of moving civil servants out of London, reducing expenditure on IT and cutting quangos (amongst others) are wheeled out. It is of course right and necessary that savings be made - just depressing...

Read more: £11bn of savings - really?

 

Budgets this close to an election are often associated with lavish giveaways. This time had to be different with markets no longer writing off Labour's election chances. Alistair Darling pledged to deliver a 'workmanlike' budget and the main questions surrounded what he would do with his £11bn windfall. Appropriately, most will go towards lower borrowing but the Chancellor did announce a one-off "growth package" worth £2.5bn aimed at small and...

Read more: The real Budget is still to come