Scotland’s public spending timebomb
The country needs a Thatcher or a Blair to provide a dose of fiscal reality.
ByFiscal Policy
Don’t blame the OBR for Britain’s economic woes
We can’t spend more without taxing more and we can’t tax less without spending less.
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Labour’s tax illusion
The world has changed, and policy must change with it.
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Rachel Reeves’ fraught balancing act
The Chancellor will now be forced to contemplate tax rises.
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Labour can no longer hide from the cost of Brexit
Weak growth and a Trump trade war could force the party to change its Europe policy.
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Labour has been sent a warning by the markets
Bond traders’ response to the Budget will act as a future constraint on higher public spending.
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Rachel Reeves escapes her own straitjacket
The Chancellor will use her Budget to tax and borrow far more than originally planned.
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Debunking the fiscal black hole myth
Rachel Reeves is the latest chancellor to lean on a tired cliché.
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The left must resist the seductions of austerity
Britain and Germany are walking into the same fiscal doom loop.
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How to raise taxes
Labour has the political freedom to make unpopular decisions.
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Rachel Reeves has been handed a fiscal lifeline
The Office for Budget Responsibility has altered its models to factor in the benefits of public investment. That opens up…
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A European fiscal union is a vanishing dream
In 25 years of the euro, the single currency has brought division rather than unity to the EU.
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Where is Labour’s economic imagination?
The party is struggling to break out of the Tory fiscal straitjacket.
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Jeremy Hunt’s plan for chaos
The Autumn Statement revealed a government using its remaining time in office to poison its successor’s inheritance.
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David Cameron is a symbol of a broken economic model
The new Foreign Secretary is the architect of low-productivity, low-investment, low-waged Britain. It’s time to break with the failed experiment.
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Labour must find a path to responsible spending with flexible fiscal rules
By 2030, government will need £142bn more a year just to maintain current public service levels. This is not the…
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If Jeremy Hunt won’t cut taxes, what are the Tories for?
The Chancellor has explicitly tied tax cuts to inflation – so they may not happen before the next election at…
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Are we heading for the next credit crunch?
British companies are avoiding borrowing as they await the Autumn Statement, where the wrong message would be disastrous for the…
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The cost-of-living crisis is hitting small businesses – Liz Truss must act
Careful use of fiscal policy, prudent advice, and planning is vital for the coming years.
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