NHS pay is opaque, outmoded, and rising nearly three times as fast as claimed. Reform is needed to address gaps in care between rich and poor areas and incentivise staff performance, says new CPS report.Read More
The belief that the control of the money supply is a necessary if not sufficient condition for the control of inflation has become same thing of an orthodoxy. But a doctrine by itself is unsatisfactory if there is a lack of tools to apply it.
Land is one of the prime factors in economic production and a basic resource on which all economic activity depends. Policies primarily concerned with economic and social matters can, and invariably do, ultimately affect the ownership and use of land; conversely state policies to control the use and ownership of land cannot but affect the economy and the social ordering of society.
I seek common ground today in pursuit of a common objective: a substantial and lasting improvement in the bleak prospects for employment. Members of all parties demand an improvement. But rhetoric and sympathy will not help to create jobs or generate growth.
The term “monetarism” has been much used in the last three or four years – sometimes as a clarion call for action to improve economic policy, but often an epithet of abuse.
One of the main reasons I took up the study of economic problems was indignation at the absurdity of unsatisfied wants side by side with idle hands willing to work which I believed existed before the Second World War.
It is now widely realised that many of our present economic ills stem from a cardinal error, the belief that inflation and unemployment presented a choice of evils. We have learned to our cost that inflationary measures designed in good faith to abate unemployment have eventually intensified it, leaving us with the worst of both worlds.
Britain is an overtaxed country – true or false? Published statistics give a conflicting message. In 1972 total UK taxation, including social security contributions as a proportion of gross national product, came in about halfway down a list of OECD countries. Yet, as Dr Bracewell-Milnes shows in this timely paper, even in that year the UK tax burden on high earners was high, and on savers intolerably high.