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Blogs in Economy

  • The public don’t seem to think that giving money to HMRC is inherently moral

    The public don’t seem to think that giving money to HMRC is inherently moral

    Ryan Bourne | | Economy
    Yesterday the debate about tax avoidance took a new turn as Starbucks buckled to the anti-avoidance campaigners, in effect deciding they would start paying more tax than was legally due (presumably because of the risk of lower sales due to brand tarnishing). Why this ‘tax system by witch hunt’ should ...
  • Seeking a Dynamic Recovery

    Seeking a Dynamic Recovery

    Vuk Vukovic | | Economy
    Vuk Vukovic is a lecturer at the Department of Economics, Zagreb School of Economics and Management (ZSEM), where he teaches Political Economy and Principles of Economics. He received his Master of Science degree from the London School of Economics.With the West going through a slow recovery due to the effects ...
  • Why new Council Tax bands are a bad idea

    Why new Council Tax bands are a bad idea

    Lucian Cook | | Economy
    Lucian Cook is Director of Residential Research at Savills and author of ‘Taxing Mansions’ for the CPS. Over the course of 2012, the taxation of high value residential property has been at the forefront  of the political agenda.Top end property already makes a vastly disproportionate contribution to receipts from both stamp ...
  • Carney departs Bank of Canada with a sterling reputation, but only time will tell on his true legacy

    Carney departs Bank of Canada with a sterling reputation, but only time will tell on his true legacy

    Philip Cross | | Economy
    Philip Cross, Research Coordinator at the Macdonald-Laurier Institute and the former Chief Economic Analyst at Statistics Canada, writes on the legacy new Bank of England Governor Mark Carney will leave in his home country.  Mark Carney will depart from his current position as Governor of the Bank of Canada with ...
  • ONS finds substantial public sector pay premium

    ONS finds substantial public sector pay premium

    Ryan Bourne | | Economy
    The guys over at the ONS are on fire at the moment with the production of their new animated films to accompany bulletins. This week they’ve analysed differences between public and private sector pay, usefully controlling for a range of factors via regression analysis in order to determine whether there ...
  • Our current budget deficit woe

    Our current budget deficit woe

    Ryan Bourne | | Economy
    Yesterday’s public finances figures were very bad news. It showed the current budget deficit (i.e. the difference between all non-investment expenditure and current tax receipts) for October was 52% higher than the October figure last year.MONTHLY CURRENT BUDGET DEFICIT (EXCLUDING FINANCIAL INTERVENTIONS) - £ MILLION                                                Overall, the current budget deficit ...
  • What is Child Benefit actually spent on?

    What is Child Benefit actually spent on?

    Adam Memon | | Economy
    Much of the recent debate over Child Benefit surrounds the Government’s recent means-testing for higher rate taxpayers. The need to reduce the budget deficit, the consequences for work incentives and relief for families are all issues that have been discussed. One issue that has not really been covered is what ...
  • Pension saving: bring back the 10p rebate… And goodbye higher rate relief

    Pension saving: bring back the 10p rebate… And goodbye higher rate relief

    Michael Johnson | | Economy
    With speculation in today's FT that the government is considering changes to pension tax relief for higher earners, Michael Johnson - author of CPS publications 'Pensions: Bring back the 10p rebate' and 'Put the Saver First' - writes on why he believes savings incentives need to change. The Treasury spends a vast ...
  • Have the ‘rich got richer and the poor got poorer’ over the past 25 years?

    Have the ‘rich got richer and the poor got poorer’ over the past 25 years?

    Ryan Bourne | | Economy
    That’s the question I examine in my City AM column today. The answer is a resounding ‘no’. I’m not going to rehearse the arguments from the column again here, but thought it might be an idea to provide some graphical representation of the arguments.1)      Everyone has got better off in ...
  • There is no ‘global race’ and prosperity is not zero sum

    There is no ‘global race’ and prosperity is not zero sum

    Ryan Bourne | | Economy
    Since David Cameron’s conference speech in October about Britain being in a ‘global race’, many commentators have written negatively about the effects of the rise of the east. The latest example is a column by Martin Kettle for the Guardian. The common thread in all of these columns is to ...
  • What causes/caused big government?

    What causes/caused big government?

    Ryan Bourne | | Economy
    That’s one of the questions Douglas Carswell MP attempts to answer in his new book ‘The End of Politics and the Birth of iDemocracy’.To many people the answer is simple: democracy. This view was most recently expressed by Ron Paul in the aftermath of Mitt Romney’s defeat to President Obama ...
  • Let's reverse some of the private sector austerity

    Let's reverse some of the private sector austerity

    Ryan Bourne | | Economy
    The Coalition government aims to eliminate the structural component of the current deficit (i.e. the bit excluding public investment) within five years, and for debt as a proportion of GDP to be falling by the end of the Parliament. As I explained in my City AM column this morning, on ...
  • GDP figures tell us little yet, but offer hope

    GDP figures tell us little yet, but offer hope

    Ryan Bourne | | Economy
    I suppose it’s at least fair to be consistent. Given the doom and gloom attached to any preliminary GDP estimate which shows negative output growth, at least it’s symmetric to rejoice in better-than-expected figures. In America it would be annualised up – we’re growing an annualised rate of 4% per ...
  • When journalists don't read the source material

    When journalists don't read the source material

    Ryan Bourne | | Economy
    I was very disappointed by an article by Michael White (of the Guardian) for the Health Service Journal which quoted our examination of the progressivity of taxes and transfers in the UK. Talking about the recent debates here and in Scotland on what proportion of people are net recipients or ...
  • My nagging concern at #CPC12

    My nagging concern at #CPC12

    Ryan Bourne | | Economy
    The atmosphere at the Conservative party conference was far more optimistic and upbeat than I expected, despite the on-going economic problems. One gets the feeling that the party is the only one that really gets just how hard-earned real (as opposed to debt fuelled) economic growth is, as evidenced by ...