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David B. Smith
21 January 2015
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This article is based on David B. Smith’s Politeia paper ‘The UK Government Spending Ratio: Back to the 1930s?’.   Some politicians have asserted that Britain’s...
Ryan Bourne
29 December 2014
9 comments

The fallout from the Autumn Statement has mainly revolved around one Office for Budget Responsibility (OBR) graph and the words of an excitable BBC journalist. The now infamous ‘Chart 1.1...
David B. Smith
16 March 2011
4 comments

With total non-oil taxes equivalent to more than 78% of residual private-sector GDP measured at factor cost once government spending has been subtracted, the British economy is probably now on the...
David B. Smith
5 November 2009
6 comments

There seems to be near-lunatic policy inconsistency between the employment of the controversial and potentially dangerous policy of quantitative easing to boost broad money and credit, and the...
David B. Smith
10 June 2009
2 comments

Britain now faces one of the most serious fiscal crises in its peacetime history. One reason is that the UK is now caught up in a sudden and severe international recession. However, the government...