The forthcoming US election is a momentous one. Many in the US argue that it is the most important US election in living memory for several reasons. Others abroad agree because who becomes President has enormous potential consequences not just for the US, but for the rest of the world. From an economic perspective, the …
Save the market economy – save the world
Jeremy Corbyn – the former leader of the Labour party now led by Keir Starmer – was quoted as saying a few months ago that he felt vindicated in the spending pledges he made in the December 2019 General Election and that, with better timing and luck, he could have won it. The reason for …
Budgeting an end to austerity
This year’s Budget will go down as the one that brought an official end to austerity. Although some tax increases from earlier periods have still to work their way through the system, spending increases will mean a return to pre-austerity levels in the next couple of years. Indeed, Robert Chote, the outgoing head of the …