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Philip Booth
8 August 2013
3 comments

Yesterday morning, in response to Mark Carney’s decision to issue forward guidance in relation to the Bank of England’s monetary policy decisions, I released a quotation to the press:...
Philip Booth
24 July 2013
comments

The Catholic Church has a social teaching because social and economic relationships are human relationships. There is much room for disagreement on specific policy issues but, when it comes to the...
Philip Booth
16 July 2013
7 comments

Within two years of entering the European Economic Community (EEC) in 1973, there was strong public support for Britain’s membership. In the 1975 referendum on the issue, 67 per cent voted to...
Philip Booth
12 July 2013
1 comment

The aspect of the tax avoidance debate which most exercises organisations such as Christian Aid is the issue of the taxation of companies with subsidiaries in poor countries. Christian Aid links tax...
Philip Booth
3 July 2013
1 comment

Google Cameron global race and you get a depressing 33,000,000 responses. Google Osborne global race and you get a depressing 2,650,000 responses. Apparently, the ‘global race’ is going...
Philip Booth
21 June 2013
3 comments

  When it comes to the debate on tax avoidance, the coalition seems to struggle in two respects. The first problem is that the government seems unable to articulate the idea that the main...
Philip Booth
10 June 2013
3 comments

Whenever the left wish to make an argument for their favourite form of government intervention they always use – normally dressed up in more comprehensible language – some form of...
Philip Booth
5 June 2013
3 comments

There is remarkably little economic commentary on the shadow economy. This is possibly because, by its nature, it is difficult to measure. Survey evidence tends to under-estimate the shadow...
Philip Booth
24 May 2013
10 comments

Earlier this week, I appeared on Radio 5 to talk about tax avoidance. The news hook was a speech by Ed Miliband on the supposed problems of Google’s low corporation tax payments. Of course,...
Philip Booth
23 May 2013
6 comments

The opening lines of the press conference presenting the IMF’s report on the UK economy did not bode well. The IMF’s deputy managing director David Lipton congratulated the government...
Philip Booth
20 May 2013
comments

A curious thing has been happening with regard to retirement patterns in developed countries: we have been living longer and retiring earlier. Between 1968 and 1999, employment amongst 60-64 year...
Philip Booth
8 May 2013
comments

It seems a pity that a government whose main economic problems are an inability to control government spending and low economic growth has responded to the local election results by writing a Queen...
Philip Booth
3 May 2013
1 comment

In the wake of Mrs. Thatcher’s death, there has been much discussion about her economic record and her political achievements. However, one of the more annoying points that people try to...
Philip Booth
1 May 2013
3 comments

In 2008 the United Kingdom's Treasury department, writing about the potential 'benefits' of Solvency II, said: "Solvency II is based on a three-pillar approach used in the Basel II...
Philip Booth
26 April 2013
3 comments

Of course, more regulation is just what the British economy needs. In particular, we need more regulation of those very small businesses that are struggling to get access to finance. Those routes...
Philip Booth
23 April 2013
4 comments

Today the Treasury has released a report on the potential currency arrangements for an independent Scotland. Here, I will leave aside the issues of who ‘owns’ the Bank of England and...
Philip Booth
12 April 2013
comments

Today the IEA published a monograph, The Euro: the Beginning, the Middle and…the End? Given the meeting of EU finance ministers today, there is certainly some food for thought in the...
Philip Booth
10 April 2013
comments

There is a myth gaining traction that Margaret Thatcher’s deregulation of the City through the Big Bang in 1986 ultimately led to the crash of 2008. This is part of the reductionist...
Philip Booth
4 April 2013
1 comment

Nigel Lawson once said that the NHS is the closest thing the English have to a religion. Of course, we also have the established church. And, indeed, the established church seems to see the NHS as...
Philip Booth
26 March 2013
1 comment

Countries often impose extreme “temporary” policies in emergencies. In Britain, emergency rent controls, passed in 1917, were not substantially amended until 1988. In the Second...

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