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Philip Booth
4 January 2011
3 comments

It is very clear that the government cannot carry on borrowing at current rates and the coalition’s proposals for reducing government borrowing are prudent. However, today’s VAT rise is...
Philip Booth
23 December 2010
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Some economists wonder whether we should give Christmas presents. They argue that having other people deciding what we want is not really efficient. There are several counter arguments to this, of...
Philip Booth
17 December 2010
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The Government is pressing ahead with another reorganisation of the National Health Service. It is unlikely this reordering of our essentially bureaucrat-driven model will set the world alight....
Philip Booth
2 December 2010
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A few weeks ago, the IEA published an in-depth study of Fair Trade, Fair Trade Without the Froth. The Hilton/Cameron-rebranded Conservative Party likes Fair Trade and there are good reasons why it...
Philip Booth
30 November 2010
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Polly Toynbee has argued recently that the explicit pursuit of wellbeing by government would lead to policy choices that were diametrically opposed to those desired by Cameron and Osborne. In...
Philip Booth
26 November 2010
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David Willetts defended the government’s decision to spend my money finding out what makes me happy in The Times today (subscription required). He said it was not about creating a nanny ...
Philip Booth
23 November 2010
1 comment

Europe is trapped in a cycle where debt is being passed round and round in circles – the banks are bust so the Irish government bails them out; the Irish government’s debt is owned by...
Philip Booth
18 November 2010
3 comments

David Blanchflower has once again suggested that we would not need to worry about austerity if only we allowed price inflation of 5% for a few years. Let us ignore the moral issues of whether...
Philip Booth
15 November 2010
5 comments

Trade economics is a complex subject, especially when you bring in the capital flows side of things. Reflecting on his recent visit to China, David Cameron said that he believed strongly...
Philip Booth
1 November 2010
8 comments

I am coming to the conclusion that the true test of whether somebody is a socialist or not should be whether they believe in permanently turning the clocks forward an hour so that we have...
Philip Booth
27 October 2010
5 comments

The rumoured proposals for a new state pension are straight from the Lib Dem handbook. Clearly, Steve Webb has been given complete control of this aspect of policy and all the old liberal and...
Philip Booth
23 October 2010
1 comment

 
Philip Booth
22 October 2010
2 comments

I must confess to being taken aback by the emphasis in popular comment about the impact of the CSR on the poor. I completely ignored the issue both in my comments on Jeff Randall’s show and in...
Philip Booth
20 October 2010
6 comments

George Osborne has probably done enough to ensure that the public finances are back on track and that the national debt will not run out of control. He has, however, taken only the first step on the...
Philip Booth
8 October 2010
2 comments

Yesterday we had the widely-trailed report on reforming public sector pensions. It has been put to me, including on Radio 5 Live, that now is not the time to reform these schemes. This is true. As...
Philip Booth
7 October 2010
3 comments

The UK does not have particularly high economic inactivity rates. Large numbers of women tend to work and worklessness amongst those approaching state retirement age is not as high in the UK as in...
Philip Booth
1 October 2010
5 comments

MPC member Adam Posen said in a speech in Hull that we must loosen monetary policy or we are in danger of having a very long period of slow growth as has been experienced in Japan. He also...
Philip Booth
23 September 2010
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In recent years “profit” has become something of a dirty word and corporations have been encouraged to seek wider social goals following an agenda of so-called “social...
Philip Booth
20 September 2010
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Gordon Brown and Ed Balls became famous as a pair for their infamous gobbledygook speech in which “post-neo-classical endogenous growth theory” was unveiled to an unsuspecting...
Philip Booth
6 September 2010
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Opponents of a market economy often decry the operation of what they perceive to be selfishness in the market as well as problems of market failure such as the existence of externalities. Whilst I...