Robert Colvile and Daniel Mahoney warn Philip Hammond not let recent economic figures tempt him into ending austerity, the Chancellor has no room for complacency.Read More
Customers have no idea how much their bank charges them. Nor do they have any practical means of finding out. Banks offer a myriad of complex offers and products, the true value of which no reasonable customercan understand.
A previous CPS paper looked at the economic record of the Chancellor and concluded that even though the economy had grown well since 1997,
In the 1980 US presidential debates, Ronald Reagan’s most influential comment was judged to be his closing question to the audience: “Are you better off now than you were four years ago?”
Poverty is not a line, a statistical abstraction across a graph. Ultimately, it is not a lack of money. It is the inability to earn money and dependence on welfare.
Back in the late 1990s when, as Ireland’s Minister of Finance, I started cutting taxes, many people feared that the loss of revenue to the Exchequer would be massive and that the policy would have to be abandoned. But the opposite happened.
The December 2006 Pre-Budget Report (PBR) will be the Chancellor’s tenth, and, widely expected to be his last. This is, therefore, an opportune time to take an audit of some key aspects of the Chancellor’s record over the last 10 years.
In recent years, critics have accused the Chancellor of using the PFI as a method of hiding, or simply deferring, a proportion of the capital costs associated with this Government’s public sector investment.
THE 20TH ANNIVERSARY of the radical reform of the London Stock Exchange that came to be known as ‘Big Bang’ thoroughly deserves the thoughtful celebration this collection of essays provides.
By the time of the next election, the tax burden will have gone up 4.2% of GDP compared with 1996/97.
Twenty-four years ago Margaret Thatcher inaugurated nearly two decades of reform, designed to restore Britain economically to the low-inflation and dynamic economy it once had been.
According to the ONS, real earnings (average earnings index, adjusted for RPIX) grew by just 1% a year between 2001 and 2005.
This paper compares the share of taxes (direct and indirect) paid by household income groups in 2004-05 with the share of taxes paid in 1996-97. It also compares the share of benefits received by each household income group over the same period. All data are from the Office of National Statistics (ONS).
In a speech to the CBI in Manchester (of 20 January 2005), the Governor of the Bank of England urged the Chancellor to maintain a firm grip on government borrowing.
Tolley’s Tax Handbooks 2004-2005 are the standard manuals on current tax law for tax practitioners. They are about 11,000 pages long.