Budget 2021: The political consensus on low taxes could be completely wrong
In the run up to most Budgets there is almost always one key question shaping debate: should the screws be tightened or the floodgates opened? This time round, a near unanimous consensus has arisen. Taxes should not go up, for fear of jeopardising the recovery. Even the Leader of the Labour Party has signed up to […]
Until Scotland’s currency puzzle is solved, independence is economically delusional
The possibility of Scottish independence is back on the political agenda once again. And one question – which currency would an independent Scotland use? – that was crucial in the 2014 referendum has still not been resolved. The informal use of the pound is a very risky option. To see why, the Scottish National Party […]
The left’s support for university students is fuelled by political self-interest
Why do left-wing politicians want to shower money on privileged members of society? In general, university students have a higher intellectual ability than non-students, and often come from more desirable socio-economic backgrounds. But leftists can’t do enough for them. For instance, Jeremy Corbyn in 2017 promised to abolish tuition fees from 2018 onwards. He went […]
From taxes to cats, May’s government has been an affront to Tory ideology
Theresa May has finally announced her resignation. How can we capture the flavour of her tenure in office? This can be found in the dry and measured content of the Economic and Fiscal Outlook from the Office for Budget Responsibility (OBR). The OBR stated in its latest publication in March 2019 that: “the tax receipts-to-GDP […]
