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  • Budget 2016: Time to Reduce Complexity of the UK's Tax System

    Budget 2016: Time to Reduce Complexity of the UK's Tax System

    Daniel Mahoney | |
    David Martin’s new Centre for Policy Studies (CPS) paper “A new, simple, revenue neutral tax code” highlights the ever-increasing complexity of the tax code, which now has over 12 times as many words as the King James Bible.Our Budget 2016 ‘wishlist’ seeks to reduce the uncertainty created by tax complexity, ...
  • Are the doommongers right about the UK economy?

    Are the doommongers right about the UK economy?

    Daniel Mahoney | | Economy
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. The technical definition of a recession is two consecutive quarters of negative economic growth as measured by Gross Domestic Product (GDP). Since 1990, the UK has experienced two technical recessions. Consecutive negative ...
  • European Commission Proposals Threaten UK Ports Industry

    European Commission Proposals Threaten UK Ports Industry

    Daniel Mahoney | | Europe
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. Next Tuesday, the EU Parliament will debate the Ports Services Regulation (PSR), put forward by the European Commission. This could be one of the last chances for the regulation to ...
  • Is Trump Really the Republicans’ Last Best Hope?

    Is Trump Really the Republicans’ Last Best Hope?

    David Cowan | | US Politics
    Super Tuesday marks the beginning of the end. Donald Trump has leads in almost every state going to the polls today. With these victories under his belt, Trump will have enough momentum to deliver further victories in this month’s most important contests. By end of March the Republican party will ...
  • Spare Room Subsidy Reform has Improved Social Housing Allocation

    Spare Room Subsidy Reform has Improved Social Housing Allocation

    Daniel Mahoney | | Welfare Policy
    Last month, the Court of Appeal ruled that the Government’s spare room subsidy – introduced in 2013 – is discriminatory against domestic violence victims and families with disabled children needing overnight care. This case will now be considered by the Supreme Court, which is expected to deliver a judgement this ...
  • Break BT's Monopoly on Broadband Infrastructure

    Break BT's Monopoly on Broadband Infrastructure

    Daniel Mahoney | | Infrastructure
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. In 2014 Ofcom set up a Digital Communications Review, which will examine – among other issues – the role of BT Openreach in the provision of broadband in the UK. ...
  • Hinkley Point Debacle is Just Latest Example of Failed Government Intervention in Energy Market

    Hinkley Point Debacle is Just Latest Example of Failed Government Intervention in Energy Market

    Daniel Mahoney | | Energy
    After months of delay, it appears that EDF will not make a final investment decision on the Hinkley Point nuclear power plant later this week. If an investment decision does eventually get the go ahead, evidence suggests that this deal would be terrible value for money for consumers.Peter Atherton – ...
  • My Myanmar Days

    My Myanmar Days

    Jenny Nicholson | | Culture
    Deputy Director, Jenny Nicholson, reports on a recent trip to Myanmar.Will Aung San Suu Kyi become President? That is the question on everyone’s mind. Aung San Suu Kyi is barred from the presidency as she has foreign children. Negotiations are taking place with the Chief of Staff for the change ...
  • Learning the facts about maths

    Learning the facts about maths

    Tom Burkard | | Education
    Early in 2005 Nick Gibb asked to see me after reading my CPS publications advocating synthetic phonics. At the time he was serving on the Commons Education Committee, and he understood that our primary schools were sending vast numbers of pupils to secondary school with literacy skills that would be ...
  • Why Australia Should Shift its Burden of Taxation

    Why Australia Should Shift its Burden of Taxation

    Cathal Leslie | | Tax
    Across the world governments are decreasing tax on capital income and increasing tax on consumption. In the OECD, the average rate of Value Added taxes rose from 16.7% to 19.2% between 1990 and 2015, while the average OECD company tax rate dropped from 38.7% to 25.0% over the same period. ...
  • We must keep the Tax Avoidance Scandal in Perspective

    We must keep the Tax Avoidance Scandal in Perspective

    Daniel Mahoney | | Tax
    Google’s tax arrangements have rightly caused concern amongst the British public. Some digital companies have been taking advantage of an international tax system – set up in 1928 at the League of Nations – which has been reliant on the idea that companies are taxed where profits are created, not ...
  • Trump’s Blue Collar Takeover of the GOP

    Trump’s Blue Collar Takeover of the GOP

    David Cowan | |
    On the eve of the presidential primaries which will test the mettle of the Republican candidates, Trumpism is on the verge of transforming the Republican Party for a generation.For many conservative advocates of limited government, both in America and Britain, the rise of Donald Trump has been baffling. What was ...
  • Abolish bank deposit protection to make the banking system safer

    Abolish bank deposit protection to make the banking system safer

    Andreas Wesemann | | Banking
    This blog post originally appeared as an article in City AM.Deposit insurance has been the most sacrosanct component of the regulatory regime for banks since it was widely introduced during the 1970s following the collapse of the Bretton Woods regime. However, while it seeks to protect consumers against the undercapitalisation ...
  • What to Look for in Today's Public Sector Borrowing Figures

    What to Look for in Today's Public Sector Borrowing Figures

    Daniel Mahoney | | Fiscal Policy
    Today, the Office for National Statistics (ONS) will publish figures for the UK’s borrowing in December 2015. The figure is likely to be scrutinised closely by economists and media outlets. Annual comparisons show that borrowing increased in the months of October and November 2015, leading many to question whether it ...
  • Domestic Reform Needed to Tackle Manufacturing and Construction Skill Shortage

    Domestic Reform Needed to Tackle Manufacturing and Construction Skill Shortage

    Daniel Mahoney | | Skills
    This week’s published figures on the health of the UK’s manufacturing and construction sectors make for worrying reading. Output in construction is down 1.1% and manufacturing output is down by 1.2%. Moreover, the manufacturing sector’s output remains 6.1% below its pre-downturn peak, according to the Office for National Statistics. This ...