Tax cuts, public spending and morality

Kier Starmer, the Director of Public Prosecutions, has vowed to ‘ramp up’ prosecutions against individuals for tax evasion five-fold in two years. He has made clear his plan to target middle-class earners, citing as examples ‘lawyers, tax consultants and plumbers’, an intriguing perspective on the British class system, or perhaps we are all middle-class now. […]

Why Can’t Debt Just be Inflated Away?

The debt problems which the UK and Europe currently face are essentially ones of political economy.  Basically, there is a lot of debt around and the simple question is: who is going to pay for it?  All the economic theory in the world does not get around this fundamental issue. Traditionally, bondholders paid.  The real […]

Compulsion or Co-operation: Curbing Executive Pay

Andrew Moss, who has been in charge of Aviva since 2007, has become the third chief executive to quit amid increasing shareholder discontent in recent weeks, following David Brennan at AstraZeneca and Trinity Mirror’s Sly Bailey. Just what is going on with the public limited company, one of the great inventions of capitalism? It has […]