Julian Jessop comments for The Telegraph

Julian Jessop, IEA Economics Fellow, has commented in The Telegraph on why high inflation and the subsequent increase in tax revenue will allow the Chancellor to help those struggling with the rising cost of living. “Higher cash incomes and prices mean that households and businesses are still paying more in taxes than anticipated” “This will ... Continue reading
Tax and Fiscal Policy

Julian Jessop comments for the Daily Express

Commenting for the Daily Express, IEA Economics Fellow, Julian Jessop, argued that the government must explore more options to protect the most vulnerable from soaring living costs. "The Government should be considering a range of additional steps to protect the most vulnerable from higher prices, on top of the actions already taken." "Options here include ... Continue reading

Mark Littlewood writes for The Times

Mark Littlewood, IEA Director General, has written for The Times on accusations that the Chancellor's Spring statement has done little to make the UK's tax system more progressive. Mark argues that these criticisms are unfounded, pointing out that, "income tax in the UK is progressive. If, all other things being equal, you earn £100,000 per ... Continue reading
Tax and Fiscal Policy

Annabel Denham writes for The Spectator

Annabel Denham, IEA Director of Communications, has written for The Spectator on President Biden's plan to ramp up taxes on billionaires, as part of his budget plan totalling $5.79 billion. While Annabel acknowledges that some billionaires have amassed their fortunes illicitly, she highlights the tremendous economic good that many of the world's billionaires have brought ... Continue reading
In the Spring Statement, around half the policy costs of measures issued related to the energy crisis. One of the smaller measures was to temporarily reduce VAT on residential energy saving measures (and their installation) from 5% to 0% for 5 years, to encourage greater private investment in energy efficiency. A measure estimated to cost ... Continue reading

Annabel Denham quoted in The Telegraph

President Joe Biden has unveiled plans to create a minimum 20 per cent tax rate on the incomes of households worth more than $100m. The tax is expected to apply to unrealised income made on investments, taxing shares if they rise in value even before they are sold. Experts fear this could lead to an ... Continue reading
Tax and Fiscal Policy

Mark Littlewood quoted in the Mail on Sunday

According to an investigation by the Mail on Sunday, the Chancellor is expected to raise an extra £50.5billion from wealth taxes such as Capital Gains Tax and Inheritance Tax, hitting thousands of middle-class families. Commenting on the news, IEA Director General Mark Littlewood said: "This is part and parcel of having a complicated tax code ... Continue reading
Economic Theory
On the day that CPI inflation reached 6.2%, the government, via National Savings, is marketing Issue 2 of the Green Investment Bond at a 3-year fixed, taxable interest rate of 1.3%. That means the whole of the interest over three years will be wiped out in less than one year by inflation at the current ... Continue reading

Julian Jessop quoted in The Independent

The cost of living crisis threatens to drag the UK economy into a recession, economists have warned, suggesting it is a greater threat to the economy than higher interest payments for the public debt. IEA Economics Fellow Julian Jessop was quoted in The Independent urging the Chancellor Rishi Sunak to reverse the planned National Insurance ... Continue reading
Tax and Fiscal Policy

Annabel Denham writes for The Spectator

Ahead of the Spring Statement, IEA Director of Communications Annabel Denham assessed the fiscal landscape facing the Chancellor, arguing that unless the government cut taxes, the cost of living crisis will continue to hurt struggling households. Writing for The Spectator, Annabel argued: "If government does not radically deregulate in areas like planning and the labour ... Continue reading