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Derniers articles

  • Productivity is always a slippery concept – but there are clear trade-offs policymakers need to recognise

    16 août 2018, par Kate Andrews
    This week’s positive news from the Office of National Statistics about the continuing strength of the UK’s jobs market was once again qualified by the slow growth of earnings. What should we make of this? For one thing, we should always be wary of economy-wide economic averages, which reveal (...)
  • An “Amazon Tax” would be a tax on progress

    14 août 2018, par Madeline Grant
    Top-down attempts to “rebalance the economy” have failed so many times that politicians proposing further interventions should think twice before doing so. Unfortunately, they show no sign of stopping. Philip Hammond and Ruth Davidson have both lent their support to a new tax on business. Both (...)
  • Anti-competitive regulations and the harm they cause (Part 6)

    13 août 2018, par Madeline Grant
    “Name one EU regulation or law you would change?” This question is often posed to Brexiteers, usually by those who believe Eurosceptics lack detailed arguments or, worse still, didn’t know precisely what they were voting for. Though this may be true in some cases, EU-friendly commentators are (...)
  • Restricting ticket resale is economic illiteracy

    13 août 2018, par Madeline Grant
    Today, Ticketmaster announced that it will close its two secondary ticket resale sites, SeatWave and Get Me In. From October, they will be replaced by a system which allows fans who no longer want a purchased ticket to resell it via Ticketmaster – but for no more than the original cover price, (...)
  • A lack of affordable housing doesn’t defy the laws of supply and demand – it proves them

    10 août 2018, par Madeline Grant
    One of my colleagues used to have a theory about how Britain’s housing crisis would eventually become self-limiting. It went more or less like this: the problem at the moment is that the cost of NIMBYism (i.e. organised resistance to house-building) is not borne by the NIMBYs themselves. (...)
  • HS2 is a classic case of the “sunk costs” fallacy

    9 août 2018, par Madeline Grant
    It’s no secret that ambitious public infrastructure projects often end up running monumentally over budget. Recent transport history is littered with such examples, like the Jubilee Line Extension in the late 90s, which exceeded initial forecasts by over £1 billion. Or the Channel Tunnel, which (...)
  • The trouble with the EU’s digital tax

    8 août 2018, par Madeline Grant
    It’s time to establish a modern, fair and efficient taxation standard for the digital economy – or at least, that’s how the EU have titled their recent proposal for new taxes on digital-based companies. According to the EU, such changes are becoming increasingly necessary as digital companies (...)
  • “Build it in Britain” – when self-sufficiency becomes self-harm

    6 août 2018, par Madeline Grant
    Economic nationalism is firmly back on the policy agenda, if recent developments are anything to go by. In his ‘Build it in Britain’ speech a few weeks ago, Labour leader Jeremy Corbyn condemned outsourcing practices, trade deficits with foreign countries, and called for a number of government (...)
  • The Significance of the Trump/Juncker Deal

    5 août 2018, par Madeline Grant
    Last week, Donald Trump and Jean-Claude Juncker jointly announced a deal to resolve the developing trade war cause by US steel and aluminium tariffs on the EU and retaliatory tariffs on US products. Clearly Trump’s strategy of creating chaos, getting the attention of his target and then forcing (...)
  • Debate – is it time to ditch the ‘Norway Option’ for good ?

    3 août 2018, par Madeline Grant
    The so-called ‘Norway Option’ (a form of Brexit under which the UK would leave the European Customs Union, but remain in the Single Market for the time being) is a bit like Michael Myers, the villain in the horror movie ‘Halloween’: every time you think it has finally been killed off, it pops up (...)

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