Rowan Williams attacks “ruinous legacy” of the market
Rowan Williams unleashed an attack this morning on the “ruinous legacy” of “the market as an independent authority.” He was speaking at a TUC conference.
Growth
UK economy can aborb higher taxes
The major parties seem to agree that public spending cuts will have to bear the brunt of the effort to reduce the deficit because higher taxes would be worse for the economy than spending cuts. This consensus is based on a view that countries with higher taxes perform less well than countries with lower taxes. In fact, the long-run evidence to support this claim is flimsy.