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Blogs in Economy

  • The OBR forecasts and assumptions show the scale of our fiscal challenge

    The OBR forecasts and assumptions show the scale of our fiscal challenge

    Ryan Bourne | | Economy
    Each year, the Office for Budget Responsibility publishes a 50-year forecast in order to gauge the long-term sustainability of the UK public finances. I know, I know. Given how accurate our five year forecasts are, a 50 year forecast is little more than an exercise in mental masturbation. But I ...
  • The only way is Heathrow

    The only way is Heathrow

    Ryan Bourne | | Economy
    This article is an excerpt from the CPS Growth Bulletin, authored by Ryan Bourne and Tim Knox. To read the full article, click here. To sign up for our mailings, use the form on the left of our newsletter page.Infrastructure, infrastructure, infrastructure. Not a day goes by without a politician, economist or commentator ...
  • The Mirror splash on tax rates is just silly

    The Mirror splash on tax rates is just silly

    Ryan Bourne | | Economy
    The Daily Mirror splash this morning, suggesting that the poor pay more in tax as a proportion of income than the rich, was one of the most misleading things I have ever read.Gross income, the denominator in their calculations, includes cash benefits. Indirect taxes paid includes things bought with these ...
  • The progressivity of UK taxes and transfers

    The progressivity of UK taxes and transfers

    Ryan Bourne | | Economy
    The progressivity of UK taxes and transfersLast year, we produced some analysis of ONS data which showed just how progressive the UK welfare state is. Remember, we can only really judge this by looking at all functions of ‘the welfare state’, which was envisaged not just to provide a safety ...
  • Marginal tax rates: new research on why they matter, and why the IFS is wrong to suggest raising them

    Marginal tax rates: new research on why they matter, and why the IFS is wrong to suggest raising them

    Ryan Bourne | | Economy
    Last week, our tax expert David Martin argued that the marginal tax rate structure on income in the UK had no logic. Marginal tax rates are of course the rate of tax that you’d pay on the next £1 of income, and so are a good proxy for your financial ...
  • The real debate on the future of the state is just beginning

    The real debate on the future of the state is just beginning

    Ryan Bourne | | Economy
    Remember that phoney election campaign we saw in 2010? Although all three parties paid lip service on the need for deficit closure within the Parliament, the TV debates were dominated by discussion of £6 billion worth of cuts in 2010. How silly does that seem now? With a deficit still ...
  • The public finances  - forget the headlines, there's some improvement

    The public finances - forget the headlines, there's some improvement

    Ryan Bourne | | Economy
    This morning saw the publication of the ONS’s monthly Public Sector Finances. It was always likely to get more coverage than usual, particularly because of the upcoming spending review. Yet the coverage has been a bit bizarre to say the least.Broadly, the figures show some improvement in underlying borrowing. The ...
  • Policy Exchange endorses CPS share idea

    Policy Exchange endorses CPS share idea

    Ryan Bourne | | Economy
    There’s a saying in Westminster that “good ideas have many authors”. Well, today Policy Exchange (PX) have come out backing the RBS and Lloyds share scheme which we have been pushing since our Give Us Our Fair Shares paper back in 2011. In a good report written by James Barty, ...
  • The Financial Transactions Tax: what the EU is really working on

    The Financial Transactions Tax: what the EU is really working on

    John Chown | | Economy
    John Chown is founder chairman of JF Chown & Company and a principal in Chown Dewhurst LLP, was educated at Gordonstoun and Selwyn College, Cambridge (First class honours economics, Adam Smith Prize and Wrenbury Scholarship) and is an Honorary Fellow, and member of the Investment Committee, of the College. He ...
  • The Financial Transactions Tax: the war is not over

    The Financial Transactions Tax: the war is not over

    Tim Knox | | Economy
    Reading the headlines on Friday (31 May), it seemed that the EU’s proposals for a Financial Transactions Tax (FTT) were to be dropped. “Europe rows back on FTT plans “ announced the Daily Telegraph;  “The European Union is rowing back on its plan for an 11-nation tax on financial transactions” ...
  • The beguiling idea of 'self-financing spending'

    The beguiling idea of 'self-financing spending'

    Ryan Bourne | | Economy
    This article is an excerpt from our Growth Bulletin, authored by Ryan Bourne and Tim Knox. To read the full article, click here. To sign up for our mailings, use the form on the left of our newsletter page.The debate over fiscal policy has been getting personal of late. The revelation that the work of ...
  • Ed Balls and common concerns about our RBS shares scheme

    Ed Balls and common concerns about our RBS shares scheme

    Ryan Bourne | | Economy
    An interview with Ed Balls by Sam Coates in the Times yesterday discussed the potential for some sort of distribution of RBS shares to the public. As regular readers of this blog will know, this is something we have advocated since 2011. A précis of our precise proposal can be ...
  • Some thoughts on the IMF report

    Some thoughts on the IMF report

    Ryan Bourne | | Economy
    The IMF report proved a damp squib for the ‘more, more, more’ crowd who think the Chancellor should attempt to spend and borrow his way back to sustainable growth. Whilst the Fund did advocate re-jigging of spending (bringing forward some capital spending), it largely supported the need for fiscal consolidation ...
  • Public Sector Productivity

    Public Sector Productivity

    Tim Knox | | Economy
    This article is an excerpt from our Growth Bulletin, authored by Ryan Bourne and Tim Knox. To read the full article, click here. To sign up for our mailings, use the form on the left of our newsletter page.It is a generally accepted fact that in the long run, what matters for prosperity ...
  • If they keep doing it, we'll keep highlighting it

    If they keep doing it, we'll keep highlighting it

    Ryan Bourne | | Economy
    This blog might seem a bit pedantic. But at a time where financial and economic literacy has never been so important, I think it is necessary.So, remember how last year we pointed out that there was huge confusion between debt and deficit? We carried out polling which showed just 10% ...