From the TUC

Making good use of windfall profits

Philip Pearson

05 Sep 2008, by in Economics

Back in the Spring, the TUC’s Budget submission called for a windfall tax on energy companies. According to Ofgem, the energy regulator, the electricity industry will benefit from a windfall profit of around £9 billion from the free allocation of their emission permits from 2008 to 2012. A tidy profit with permits worth 24 euros…

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Clean coal, Kingsnorth and Hansen’s warning

Philip Pearson

05 Sep 2008, by in Environment

Have we got our policies right on clean coal? This week I attended a seminar with Dr James Hansen, widely regarded one of the world’s leading climate change scientists. He is visiting the UK to hold a series of meetings with UK politicians, NGOs, trade unions and business leaders – and giving evidence at the…

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Some home truths about trafficking

Nicola Smith

04 Sep 2008, by in Working Life

Research undertaken by Eaves on London’s sex industry – and the experiences of the women who can be trafficked into forced prostitution – is chilling. Some women valued at £15 a go, and recognition from male purchasers that the prices are so low they may be buying sex with slaves:

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Useless tax policy #1 and #2

Adam Lent
Guest

02 Sep 2008, by in Economics, Society & Welfare

The Conservative Party are heading for a hat trick of tax policies that completely miss the point. At the end of last week, George Osborne wrote to the Chancellor declaring that he would cut corporation tax from 28% to 25% to stop companies leaving the UK.  However, as the tax expert and obsessive blogger Richard…

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Job insecurity is a problem

Nigel Stanley

01 Sep 2008, by in Economics, Labour market

Stumbling and Mumbling is an economics blog that is always worth reading. Even when you disagree, it makes you check your own position. But his take on the TUC’s job security poll is a bit off the mark. He says “this survey is no evidence whatsoever of an impending economic downturn” But that is not what…

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So far, so good…

Richard Exell

29 Aug 2008, by in Economics

Some years ago, a man fell off the top of the Empire State Building. Eyewitnesses in offices on the way down said he had a strangely complacent smile on his face; as he hurtled past, some heard his last words: “So far, so good, so far, so good, so far…” Employment statistics are notoriously a…

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The Spectator on tax (yawn!)

Adam Lent
Guest

29 Aug 2008, by in Economics

This is what makes the current political situation so frustrating.  Reading this week’s editorial in The Spectator, it is clear that the right haven’t got anything coherent or of any interest to say on the economy. The genius who wrote this rejects calls for fairer taxes to revive the public finances.  The alternative: cut government waste…

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Give Blanchflower a gong

Adam Lent
Guest

29 Aug 2008, by in Economics

Extraordinary intervention by David Blanchflower.  I’ve been thinking what to say about his comments but he pretty much says it all. Blanchflower is often described as an inflation “dove” by reporters suggesting that he thinks growth is more important than rising prices.  He rejects that arguing that the Bank’s remit is to prevent inflation falling below the 2% target…

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