From the TUC

Fannie, Freddie and tax avoidance

Adam Lent
Guest

11 Sep 2008, by in Economics

Richard Murphy notes the news that corporate tax avoidance was central to the weakness of Fannie and Freddie. “Deferred tax” was a key part of the work Richard did for the TUC in The Missing Billions.  The pamphlet critiqued deferred tax for the vast sums this technique denies to public funds. The fact that it may also have played a part in the…

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Recession? Maybe but what to do about it?

Adam Lent
Guest

11 Sep 2008, by in Economics

The EU’s prediction of recession in the UK is widely reported.  More importantly, a debate about how to respond is slowly taking shape.  A good article by Seumus Milne in The Guardian today on this and Paul Mason on Newsnight yesterday quoted figures from my previous post on a fiscal stimulus.  Paul suggested the Government…

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Turning a blind eye to the best advice

Nicola Smith

10 Sep 2008, by in International

Cycling low-skilled temporary migrant workers in and out of the country, refusing them opportunities for settlement, is not a sensible way to run an economy – it reduces efficiency and increases costs for employers. Unfortunately this OECD position contradicts the opinion of the Home Office, whose new points based system will prevent many migrants with…

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Flexibilising inflexible bosses

Paul Sellers

09 Sep 2008, by in Working Life

The debate on flexible working and homeworking has been hotting up this week. The CBI’s Autumn Economic Statement, which was published on Monday, argues that there has been a huge increase in homeworking in recent years. However, according to the official Labour Force Survey, there has been some increase in the number of employees who can work from home…

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Are you still here?

Adam Lent
Guest

08 Sep 2008, by in Economics

You would have thought that given the fuss  over the non-dom tax reforms introduced in the last Budget that the hedge funds had all left long before the August rains. In reality, so few have gone, it’s still front page news in the FT when a hedgie quits for Switzerland. Next time, we hear the City is planning a “mass…

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The CBI’s rose-tinted specs

Nigel Stanley

08 Sep 2008, by in Labour market, Working Life

The CBI cannily time their annual labour market survey to the opening day of the TUC congress. Sometimes it’s what we in the communications trade call a spoiler – an attempt to muscle in on the natural media attention paid to the TUC (and of course sometimes the TUC does the same with the annual…

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Stimulate those fiscals!

Adam Lent
Guest

07 Sep 2008, by in Economics

Earlier this year, George Bush launched a fiscal stimulus package to get US consumers spending again. It had the full backing of Democrats in Congress. Indeed Democrats (and John McCain apparently) are now pushing for a second round of stimulus but Bush is resisting. By my calculations, the package was worth about £650 on average to 130 million US taxpayers. …

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#4 Do the Super-Rich matter?

ToUChstoneblog

07 Sep 2008, by in Economics, Society & Welfare

It’s the controversy that is becoming symbolic of a wider debate about the future direction of the UK. Should we be ‘intensely relaxed’ about the super-rich, as Peter Mandelson claimed? Or are they symptomatic of something fundamentally wrong with Britain? Do the Super-Rich Matter? forensically analyses the impact the wealthiest are having on our wellbeing.…

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