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Blogs in Economy

  • U-turns show 'tax reform without tax cuts is a political disaster'

    U-turns show 'tax reform without tax cuts is a political disaster'

    Ryan Bourne | | Economy
    As soon as I heard about the Government's u-turns on the pasty and caravan taxes, I couldn't help but think of a key conclusion of the 2020 Tax Commission last week: 'tax reform without tax cuts is a political disaster.'Sure, opinion is divided today over whether the Government has done ...
  • A reply to IPPR on ‘Small is Best’

    A reply to IPPR on ‘Small is Best’

    Ryan Bourne | | Economy
    IPPR seem to have a dedicated CPS output response wing broadcasting on Left Foot Forward these days. Today, their Senior Economist Tony Dolphin has ‘unravelled’ the Centre for Policy Studies ‘voodoo economics bigging up small government.’ He is referring to our report, released today, which provides further statistical evidence that ...
  • The Coalition should implement no fault dismissal

    The Coalition should implement no fault dismissal

    Ryan Bourne | | Economy
    There’s evidence and principle to support no fault dismissalIt seems like the Beecroft Report is set to cause an almighty row within the Coalition. As all agreed on last night’s Newsnight discussion, the vast majority of the report is not contentious and is very similar to Dominic Raab's excellent CPS ...
  • Acropolis Now: reaching the point of criticality in the eurozone

    Acropolis Now: reaching the point of criticality in the eurozone

    James Conway | | Economy
    Criticality. It is the term used by physicists to describe the process in which a fissile material attains a critical mass that leads to a nuclear reaction. In essence, it quantifies the point at which a chain reaction will occur, that point where the process towards the core destroying everything ...
  • Rogoff and the Reinharts: the debt threat is real

    Rogoff and the Reinharts: the debt threat is real

    Ryan Bourne | | Economy
    At the moment, the stimulus debate shapes up something like this: all parties recognise the need to eliminate the deficit (i.e. the rate we add to our debt), but think we should do this without fundamentally harming the recovery in the short-term. Those who advocate more spending than planned think ...
  • Lessons from the past

    Lessons from the past

    Kieron O'Hara | | Economy
    A moment of nostalgia: doing out my mother’s loft the other day, I happened across my old copy of the Treasury’s Economic Progress Report of March 1981 (do we still have the Report? One imagines it has gone the way of sweet cigarettes and flared trousers). Devoted to Geoffrey Howe’s ...
  • The importance of the supply-side

    The importance of the supply-side

    Ryan Bourne | | Economy
    There’s something deeply annoying about the debate surrounding spending cuts, both here and in much of mainland Europe. Governments have allowed opposition parties and public sector workers to frame the current response in terms of austerity vs. growth – accepting as axiomatic that increased Government spending is a prerequisite (a ...
  • Paul Krugman gets Britain's situation wrong on two levels

    Paul Krugman gets Britain's situation wrong on two levels

    Ryan Bourne | | Economy
    Nile Gardiner has a new column on Telegraph blogs in response to Paul Krugman's New York Times article 'Death of a Fairy Tale'. In the column, Krugman had attacked British austerity by highlighting an economic report which stated that 'Britain is doing worse in the current slump than it did ...
  • Are we really in recession?

    Are we really in recession?

    Ryan Bourne | | Economy
    Whilst  in Kuala Lumpur last week, I was reliably informed that the initial ONS data suggests the UK is in recession - with a 0.2% contraction in Q1 2012. This surprised me, and proved difficult to square with much of the economic survey data.Though it is of little help to ...
  • Details required on small business tax plans

    Details required on small business tax plans

    David Martin | | Economy
    It was announced in the Budget that the Government will consult on the details of a new scheme to allow small unincorporated businesses to calculate their tax on a cash basis.Up to 3 million businesses would be given the chance, if they wished, to pay tax on this basis rather ...
  • Increasing stamp duty on homes over £2m

    Increasing stamp duty on homes over £2m

    Lucian Cook | | Economy
    Lucian Cook, Director of Residential Research at Savills and author of ‘Taxing Mansions’ for the CPS, blogs on the reports that the Chancellor will raise stamp duty on high-value properties in the budget. If today’s reports are correct, Chancellor George Osborne will increase the stamp duty rate on homes over £2m ...
  • 9 areas to look out for in the Budget

    9 areas to look out for in the Budget

    Ryan Bourne | | Economy
    Gone are the days of the ‘purdah’ when leaking details of Budgets could end the career of a Chancellor. The chase for headlines and the novelty of Coalition has meant Budget negotiations are played out in the national media. With all the briefings and counter-briefings, it’s difficult to keep up ...
  • Making pay more responsive to local labour markets makes sense

    Making pay more responsive to local labour markets makes sense

    Ryan Bourne | | Economy
    As Government Budget leaks intensify, the weekend saw the rebirth of Government’s proposals for public sector pay to be set more in line with local market conditions. The aim is for public sector workers, e.g. the DVLA, Jobcentre staff and civil servants, to have their pay set taking account the ...
  • The economics of budgets since the war

    The economics of budgets since the war

    Nigel Knight | | Economy
    Clement Attlee's three Chancellors: Hugh Dalton, Stafford Cripps and Hugh Gaitskell, all had to deal with the fact that Britain had been bankrupted by six years of war and the fact that Attlee had committed them to financing an ambitious programme of nationalisation and the creation of the NHS along ...
  • Questions for Mansion Tax supporters

    Questions for Mansion Tax supporters

    Ryan Bourne | | Economy
    Today, the CPS released Taxing Mansions: the taxation of high-value residential property. It picks apart the arguments made by those who advocate a new wealth tax - including the ideas that it would target a few super rich and that it would raise significant amounts of revenue.But one common response ...