Deficit reduction has ‘stalled’ and treasury distorting figures with ‘gimmicks’, say NIESR
Deficit reduction has ‘stalled’ and treasury sistorting figures with ‘gimmicks’, say NIESR
Green Politics
In style and substance, the budget spells more doom and gloom for greens
If Ed Miliband want to differentiate Labour from the Tories, it could start by showcasing its environmentally friendly economic policies.
The chancellor’s plan has failed and we are all paying the price
Within just three months the OBR’s forecast for growth in 2013 has been halved. The economy now looks set to be smaller at the time of the next election than it was when the crash hit in 2008 and our recovery remains the slowest in over a century. When the government took office they thought this year would see the economy expand by 2.9 per cent – their own forecasts now show we won’t reach that rate of growth by 2017.
The economic case for a new approach has never been stronger.
The assumptions underpinning the budget are simply absurd
My candid opinion then is that the assumptions underpinning the budget are simply absurd: there is no way this growth in incomes is gong to happen whatever changes are being made to the income tax system.
Where Osborne’s cuts might fall
Where George Osborne’s departmental cuts might fall.
How the coalition has been helping millionaires – a graph
The Institute for Fiscal Studies (IFS) has today produced a graph in its post-budget analysis showing just how regressive this government’s measures are – or in plain English, how favourable the coalition’s policies have been to the wealthy.
Budget 2013: IFS says borrowing in 2014 will be 70bn more than hoped in 2010
Budget 2013: IFS says borrowing in 2014 will be 70bn more than hoped in 2010.
The £10,000 personal tax allowance: anything but progressive
In yesterday’s budget George Osborne announced that the personal income tax allowance would be raised to £10,000 from next year, earlier than 2015 as originally planned. Superficially taking people out of income tax does sound like a tantalising prospect – poorer people will have more money in their pockets, will they not? There are two major problems with this.
A bleak budget for the nations
George Osborne’s 2013 budget has received a tepid response in Scotland, Wales and Northern Ireland.
Road building is not the answer to Britain’s transport problems
As the UK economy continues to flat line, at the centre of the chancellor’s Budget plans to stimulate growth is a £3 billion annual infrastructure budget much of which is earmarked for damaging and regressive road building projects. But experience shows that new roads seldom solve people’s transport problems.