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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
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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...
Philip Booth
18 March 2013
2 comments

  The chancellor should announce that this will be the last annual budget of its type. Unfortunately, the budget is now used to make announcements that have nothing to do with Treasury...
14 March 2013
1 comment

Philip Booth
14 March 2013
comments

Philip Booth
13 March 2013
5 comments

Fortunately, as I am in Iceland at the moment, I managed to miss yet another appearance on Newsnight by Paul Krugman. However, I gather that he said: ‘The British economy is somehow employing...
Philip Booth
19 February 2013
3 comments

I do not agree with taxes on wealth as a matter of principle. In general, increases in wealth come from two sources. It is saved from income that has already been taxed, or it arises as a...
Philip Booth
14 February 2013
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The government reached the position in 2009 where it could spend no more. In many respects the position was similar to that in which Britain found itself during the late 1970s. Government spending...
Philip Booth
11 February 2013
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The ‘problem’ of better off people having to sell their homes to go into a care home has been around for two decades. Arguably, the issue raised its head when the Conservative...
Philip Booth
7 February 2013
1 comment

  James Buchanan pointed out that the problem with much policy-related economics is that it assumes one type of human person in the market place (the imperfectible human being generally...
Philip Booth
1 February 2013
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  Banks are embroiled in another “mis-selling” scandal, but we can be sure that customer behaviour won’t be affected. Few people will switch bank as a result. Regulation...
Philip Booth
23 January 2013
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  An interesting comment was made recently by Andrew Lilico at a meeting of the IEA’s Shadow Monetary Policy Committee. He suggested that the Bank of England has given up inflation...
Philip Booth
16 January 2013
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Earlier this week, the government announced a new pension reform which would involve the creation of a flat-rate state pension at around the minimum level of income deemed necessary to support a...
Philip Booth
11 January 2013
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  A thriving economy needs saving and capital investment. Capital investment is inherently risky because it involves making a judgment about returns from entrepreneurial ventures when our...
Philip Booth
7 January 2013
2 comments

  In a number of newspapers today, I am quoted accusing the government of ‘family bashing’ with reference to its decision to remove child benefit from higher-earning recipients....