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Kristian Niemietz
30 September 2014
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There can be no doubt that spending on working-age benefits is out of control. Over the past decade alone, spending on Housing Benefit has increased from about £16 billion to £25 billion...
Philip Booth
23 June 2014
3 comments

We seem to think that there is something special about manufacturing. Perhaps it is because its products are tangible. George Osborne has fallen into this trap more than once, most notably in his...
Ryan Bourne
15 April 2014
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With the ‘stimulus’ versus ‘austerity’ debate having receded, George Osborne likes to talk instead about his ‘long-term economic plan’. This has been dominated by...
Ryan Bourne
20 March 2014
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  With the fiscal situation still tight, and a year to go before an election in which the Chancellor will accuse the opposition of fiscal profligacy, it was never likely that this was going to...
Steve Davies
6 December 2013
1 comment

  The Chancellor's Autumn Statement certainly contained some good news - but not enough to justify the self-congratulation that we saw, given continued concerns about how well founded the...
Philip Booth
10 September 2013
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George Osborne capitalised on some good economic news in his speech yesterday. He argued that the economy has turned a corner, though he emphasised that risks remain. If we are turning the corner,...
Kristian Niemietz
28 June 2013
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Most people who have had to adjust their spending behaviour after a substantial loss of income probably observed two things. Firstly, the 'lawnmower method' – cutting expenditure across...
Kristian Niemietz
21 March 2013
5 comments

At first sight, the 2013 Budget seems to mean good news for prospective homebuyers and working parents. Under the new Help-to-Buy programme, the government will act as a guarantor for mortgages...
Richard Wellings
20 March 2013
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George Osborne continues to make the same error he made in previous budgets. He is assuming the British economy will return to robust growth from 2014 onwards and that this will deliver the higher...
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...
Richard Wellings
5 December 2012
2 comments

At the time of the last Autumn statement, the Office for Budget Responsibility (OBR) was predicting growth of 0.7 per cent in 2012, followed by 2.1 per cent in 2013, 2.7 per cent in 2014 and a...
Len Shackleton
9 October 2012
1 comment

  After apparently backing away from comprehensive schemes for liberalising the labour market, the government yesterday made a small gesture in this direction. In his Conservative conference...
Richard Wellings
30 November 2011
2 comments

The Autumn Statement showed that George Osborne has failed to grasp the gravity of the economic crisis facing the UK. Urgent action was needed to brace the economy for double-dip recession and the...
Tom Papworth
4 October 2011
1 comment

The Chancellor of the Exchequer has announced his latest strategy for rescuing the UK economy, in the form of ‘credit easing’. Credit easing is the equally evil twin of...
Philip Booth
10 August 2011
4 comments

Politicians cannot stop trying to design the economy. In this respect they have a hugely over-inflated sense of their own abilities. Gordon Brown, of course, was an impulsive meddler – he...
Mark Littlewood
7 June 2011
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The Chancellor is right to stick to his guns on deficit reduction. The dividing line in the debate is between those who believe that spending more on the bloated public sector would assist with the...
Philip Booth
30 March 2011
2 comments

A few ears pricked up on budget day when George Osborne announced a surprising and potentially expensive plan to rebuild Britain’s foreign currency reserves. There are two...
Mark Littlewood
24 March 2011
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This was always going to be a rather modest budget. Having set out the Comprehensive Spending Review last year, the government had already decided its broad plan; we were never going to see much...
Richard Wellings
23 March 2011
1 comment

In this year’s Budget, George Osborne had the opportunity to bolster economic recovery by removing barriers to growth. Alongside some welcome proposals, he unfortunately also...
Daniel Mahoney
3 February 2011
7 comments

Ed Miliband is taking the line that the coalition is cutting “too far and too fast”. The news that the economy shrank by 0.5% in Q4 of 2010 (zero growth if you factor in the...