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Philip Booth and Ryan Bourne
9 February 2015
1 comment

In a recent CapX article, Tim Montgomerie sought to outline ‘10 things that capitalism needs but cannot provide’. There was much to agree with in his article, but we are puzzled by his...
Philip Booth
29 January 2015
1 comment

In recent months the global elite, including the Catholic head of the Bank of England Mark Carney, have joined Pope Francis in expressing concern about inequality. The issue was also discussed at...
Philip Booth
15 January 2015
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With the news that inflation has fallen to 0.5 per cent there are “fears” that we might be about to slide into deflation. It is worth noting, firstly, that it is CPI inflation that has...
Philip Booth
9 January 2015
23 comments

There are not many things that economists are agreed upon. However, to slightly corrupt a quip attributed to George Bernard Shaw, if you laid all the economists in the world end-to-end around the M25...
Philip Booth
9 December 2014
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Britain has just celebrated ‘Small Business Saturday’. Perhaps yesterday should have been declared ‘Multinational Monday’. Multinationals are often the engine of poverty...
Philip Booth
8 December 2014
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Interventions by Christian clergy in welfare debates are commonplace. Indeed Cardinal Nichols argued this year in an interview for The Daily Telegraph that the welfare safety net had been torn apart...
Philip Booth
3 December 2014
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It is often suggested that the House of Commons is rather like a football ground and, if I had been there today, I would have thought about starting the above chant, common at football matches, at 12...
Philip Booth
28 November 2014
3 comments

Alvin Rabushka is often described as the father of the flat tax. His work inspired the adoption of flat-tax systems in many of the former communist countries of central and eastern Europe. This...
Philip Booth and Ryan Bourne
25 November 2014
2 comments

Fall-out from the Autumn Statement next week is likely to focus heavily on the slowdown in deficit reduction. Borrowing has been £3.7 billion higher this year so far compared with last, and it...
Philip Booth
12 November 2014
6 comments

It has long been one of my personal gripes that the UK spends a large amount of money on energy market interventions to reduce carbon emissions whilst simultaneously providing domestic consumers with...
Philip Booth
5 November 2014
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A great deal of IEA work corroborates studies produced by the government in suggesting that we have a huge implicit government debt. We can do the fancy maths to try to quantify this government debt...
Philip Booth and Ryan Bourne
9 October 2014
2 comments

The Liberal Democrats have proposed raising the top rate of capital gains tax (CGT) to 35 per cent in order to reduce taxes on the least well off. Go to the back of the class! CGT is a bad tax...
Philip Booth
7 October 2014
1 comment

There is a time and a place for ‘sloganeering’ – the use of casual phrases to communicate complex messages. In my view, ordained ministers of the Church should avoid sloganeering...
Philip Booth
2 October 2014
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George Osborne’s conference speech earlier this week brought back memories of a paper that was published by the IEA back in 2011 called Sharing the Burden which caused something of a storm. The...
Philip Booth
19 September 2014
1 comment

In denying the Scots the option of devo-max, David Cameron made arguably the most monumental mistake of any recent premiership. The fairly narrow ‘no’ vote could lead to the worst...
Philip Booth
3 September 2014
3 comments

It is often argued by proponents of free markets – especially within the Conservative Party – that we should not pursue equality of outcomes but, instead, pursue equality of opportunity....
Philip Booth and Kevin Dowd
20 August 2014
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Proponents of Bitcoin like to suggest that it will be the money of the future. Critics point to its price volatility, the evidence of a Bitcoin bubble and other problems. Both sides make valid points...
Philip Booth
19 August 2014
3 comments

For the last five years, politicians of all shades have been banging on about how we should adopt this or that aspect of German economic policy. George Osborne argued in 2011: "We want to learn...
Philip Booth
8 August 2014
8 comments

To me, reducing poverty matters very much. That is why I believe in a market economy. However, I am entirely uninterested in the issue of inequality. If you take the position that inequality matters...
Philip Booth
1 August 2014
4 comments

In the last week or two there have been calls for taxes on large supermarkets such as Tesco. Twenty local authorities have asked the government for formal powers to tax retailers and such taxes...