From the TUC

Economics

Autumn Statement 2014: The Touchstone roundup

04 Dec 2014, by in Economics

The Chancellor’s Autumn Statement is in the papers today for stamp duty changes to help home buyers and a clampdown on tax avoidance. Our bloggers have been unpicking some of the other details though, and they’ve found a rather less rosy picture: Philip Pearson saw little or no benefit for green growth. Green taxes seem…

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Tackling corporate tax avoidance in the Autumn Statement – measures welcome but will they work?

03 Dec 2014, by in Economics

The Office of Budget Responsibility (OBR) notes that the ‘giveaways’ and the ‘takeaways’ in the Autumn Statement roughly balance out. A huge proportion of the so-called ‘takeaways’ – ie, that will generate net income for government revenues – stem from measures to tackle corporate tax avoidance and profit-shifting and proposals to prevent banks from using…

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Autumn Statement 2014 – What’s in it for industry?

03 Dec 2014, by in Economics

Today’s Autumn Statement contained an important package on growth and productivity. So what did we get? And was it enough? First, there was good news on infrastructure. £15bn was committed to improve the national road network. This includes around £6bn to resurface 80% of the national network, and over £9bn to add 1,300 extra lane…

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The OECD keep up the offensive against austerity

26 Nov 2014, by in Economics

With the publication yesterday of the November 2014 Economic Outlook, Catherine Mann,chief economist, kept up the OECD offensive against austerity in the euroarea. While political considerations plainly demand a gentle approach and mild policy recommendations, some telling and important theoretical / practical points were made which are worth recording (along with relevant slides). I confess I…

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GDP data indicate a return to the bad old days

26 Nov 2014, by in Economics

Strong headline GDP  figures are in contrast to expenditure detail that show key categories flagging. This goes beyond weaker business investment, which has been widely reported. The chart shows contributions to quarterly GDP growth by all of the main expenditure categories.    Contributions to GDP quarterly growth, percentage points In both the second and third…

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