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Tag Archives: UK

Who Pays the Corporate Income Tax? Don’t believe the IFS

 The AssertionEven before Corbyn launched the Labour Manifesto, the Institute of Fiscal Studies launched its critique of Labour tax policies, asserting that Labour’s proposed tax increases were not limited to the richest,:"The truth is of course that in the end corporation tax is paid by workers, customers or shareholders so would affect many in the population".  On the BBC Shadow Chancellor John McDonnell politely rejected the IFS critique, which in essence asserts that the...

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Rethinking Britain: the fundamental choice we face on December 12th

At stake in December’s General Election in December is much more than just Brexit, though Brexit in the form proposed would be damaging enough.  It is a fundamental choice of the kind of society we want to develop.  In September, “Rethinking Britain: Policy Ideas for the Many”, was published, of which I was co-editor. The book brings together the...

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Its new report blocked – so is the Office for Budget Responsibility really independent?

Cabinet Secretary Mark Sedwill has in our view acted unlawfully in ‘advising’ or ‘ordering’ the Office for Budget Responsibility not to publish its report on technical changes in relation to its March 2019 fiscal and economic forecast, due out today.  By giving way, the OBR has helped to undermine its own independence. The only winner is the...

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The Great Brexit Wrench

The Progressive Economy Forum today launched its new report, “The Great Brexit Wrench”, on the economic and political implications of Brexit. The report is by PRIME’s co-director Jeremy Smith, and looks at the background to and implications of Brexit from many different angles. It argues that there is no form of Brexit which will have a positive...

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Quo Vadis?

When even anti-EU tabloids say the Government's official position on Brexit is insincere, it is time to take it seriously. On Tuesday last week, The Sun reported that the European heads of government had concluded that Johnson's latest genius plan to create a "double border" on the island of Ireland wasn't a serious attempt to negotiate a Brexit deal. "They believe his insistence the dossier be kept secret is an effort to disguise the fact it is designed to set up a “blame game” with...

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Bill Mitchell — Latest instalment in Project Fear is not very scary at all despite the headlines

A short blog post today – being Wednesday. I am still catching up on things after being away for a few weeks. The British Institute of Fiscal Studies (IFS) offered its latest contribution to Project Fear this week with their claim that the fiscal response to a no-deal Brexit would “would send government debt to its highest level in more than half a century”. Sounds scary. Which, of course, was the intention. That is what Project Fear is about. Creating illusions of disaster to discipline...

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UK Supreme Court – Johnson has ignored his “constitutional responsibility” as Prime Minister

So the UK Supreme Court (a bench of 11 judges) has delivered its judgment. Unaninmously. The prorogation of Parliament, based on the unlawful advice of Prime Minister Johnson, even if in form an act of the Queen, was null and void and of no effect.A couple of weeks ago, I concluded my post on The Rogue Prorogation and the English-Scottish judicial divide with these words:Whether the (UK) Supreme Court will be willing to go quite as far in making inferences of fact so...

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How the Green New Deal was born – New Statesman

The following article and interview with PRIME’s director written by Hettie O’Brien, appeared in the New Statesman on 24th September, 2019. Please note the error at the end of the piece: Since the Paris Climate Agreement three years ago, J.P. Morgan Chase have reportedly lent $196 billion, not $1.96 billion to fossil fuel industries, oil, coal and gas. The figure is drawn from the Rainforest Action Network’s 2018 Report, Banking on Climate Change.Eleven years ago, a group...

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