Christopher Snowdon writes for the Daily Mail

The additional £339 billion debt incurred to deal with Covid is "the equivalent of £6 million for every person who has died with the virus", says the IEA's Head of Lifestyle Economics Christopher Snowdon. In an article for the Daily Mail, Chris argues that the government has failed to balance the case for draconian restrictions ... Continue reading

Mark Littlewood quoted by the Daily Mail

The pandemic is "a black swan event" and the drop in tax receipts "shows what happens when a government locks down a whole economy and GDP falls 11 per cent", says the IEA's Director General Mark Littlewood. Responding to the Spending Review, the IEA's Director General Mark Littlewood told the Daily Mail that the Chancellor ... Continue reading
Responding to the Chancellor's Spending Review, Mark Littlewood, Director General at the free-market think tank the Institute of Economic Affairs, said:  "The Chancellor's diagnosis was correct – and it is encouraging that he grasps the scale of the problem. The eye of the economic storm has yet to hit. The Covid contraction is more than double that ... Continue reading

Mark Littlewood quoted by Conservative Home

IEA Director General Mark Littlewood's comments on the Spending Review were included by Conservative Home in a round-up of think tank responses. Mark said: “The Chancellor’s diagnosis was correct – and it is encouraging that he grasps the scale of the problem. The eye of the economic storm has yet to hit. The Covid contraction ... Continue reading
Tax and Fiscal Policy
It is no wonder the electorate supports a windfall tax to try to deal with the costs of the pandemic. After all, a windfall is something you get for free. The electorate at large perceive that others have had some good fortune. A windfall tax would allow us to pay off some of the debt ... Continue reading
Tax and Fiscal Policy
Researchers at Deutsche Bank (DB) have proposed an additional tax on people working from home “to help those who cannot”. This would break just about every principle of good tax design and is one of the worst ideas I’ve ever heard. Let me explain… As I understand it, the proposal is for a 5% tax ... Continue reading
Research
Conditions for growth are not a mystery – we have seen them in the UK in the recent past. This paper examines the UK’s historical record, and identifies the best-performing periods in the past 40 years under two criteria: rising real government revenue and rising labour productivity. It then reviews the economic policies which facilitated ... Continue reading
Tax and Fiscal Policy
A digital services taxation framework within the EU has been discussed widely over the course of the last two years, with the State of the European Union address revealing a renewed commitment to coming up with a more specific proposal in early 2021. Whilst the EU seeks to hold American tech giants accountable, a closer ... Continue reading
Tax and Fiscal Policy
There is no doubt that California is in a big fiscal hole. It relies heavily on income taxes from wealthy taxpayers, making tax receipts volatile. Even before the pandemic struck, commentators were predicting problems for the state, which has some of the highest taxes in the US. Like practically every US state and city, California ... Continue reading
Tax and Fiscal Policy
The Chancellor has asked the Office for Tax Simplification to undertake a review of Capital Gains Tax to ‘ensure the system is fit for purpose’ and to look again at how capital gains are taxed compared to other types of income. But should he go further and simply abolish Capital Gains Tax completely? Philip Booth, the ... Continue reading