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Richard Wellings
25 November 2008
14 comments

One of the most noteworthy elements of the 2008 Pre-Budget Report was the planned increase in income tax rates to 45% for those earning over £150,000. This measure is intended to...
Richard Wellings
21 November 2008
12 comments

Yesterday it was announced that the Greater London Authority (GLA) is to create 50,000 ‘affordable’ homes. But do such schemes actually increase the affordability of housing? When developers are...
Richard Wellings
11 November 2008
15 comments

The last century has seen a steady expansion of the ‘nanny state’, a process that has arguably accelerated in the last decade. A ‘banning culture’ has developed, with...
Richard Wellings
3 November 2008
2 comments

According to official figures, almost two million people are now unemployed in the UK. That number is rising rapidly as the economy shrinks. This means extra expenditure on welfare benefits, putting...
Richard Wellings
24 October 2008
6 comments

Alistair Darling’s proposed spending spree on bringing forward major capital projects suggests the government is prepared to sacrifice the economy’s long-term interests for short-term...
Richard Wellings
16 October 2008
6 comments

Several bloggers, including Guido Fawkes, have rightly emphasised the relevance of Ludwig von Mises’ work to the current financial crisis. The writings of Mises’ pupil, Nobel...
Richard Wellings
9 October 2008
11 comments

The British government unwisely entered the current slowdown with a sizeable budget deficit. Recent bank bailouts are likely to push the national accounts further into the red and increased...
Richard Wellings
30 September 2008
comments

Environmental scares have a long history. At the end of the 18th century, Thomas Malthus predicted that rapid population growth would lead to war, pestilence and famine. Almost 200 years later, the...
Richard Wellings
9 September 2008
12 comments

The imposition of a windfall tax on energy companies is supported by a majority of the public and many politicians. Revenues would be used to support low-income households struggling to pay gas and...