Tax and cost of living

The Centre for Policy Studies wants Britain to have a tax system that is simple, fair, and pro-growth. And although there have been some encouraging moves on tax policy in recent years – the corporation tax rate has gone down, the personal allowance has gone up, and savers have benefited from more generous ISAs – there is still a lot of work to be done.

We have an income tax system that is riddled with punitive marginal rates and perverse incentives that discourage work and enterprise. We have heavy property taxes that distort markets and contribute to a growing housing crisis. And we tax businesses in a way that does little to promote long-term investment. Above all, we have a tax burden that stands at its highest level in decades, and a tax code that is – at least by some measures – the longest in the world.

If we’re going to rise to the economic challenges of the 21st Century, this has to change. We need tax reform that puts more money in people’s pockets, and promotes robust, sustainable growth. At the Centre for Policy Studies, our aim is to design tax policies that meet these objectives in a practical, popular way – and which are rooted in our core principles of enterprise, opportunity, and ownership.

Our economic agenda is not confined to tax reform, however. Alongside projects looking at housing, welfare, and business policy, the Centre for Policy Studies is working on ideas to lower the cost of living – not through heavy-handed state intervention, but with reforms that make markets more competitive and ensure that consumer interests always come first.

The salience of this issue should not be underestimated. Our “New Generation” polling asked people what government could do to make their own lives better, and across the age spectrum, “do more to keep down the cost of living” was a clear winner. Those aged 18–24 ranked it just behind “more affordable housing”, and those over 65 put it second behind “better health service provision”. But every other age group made lower living costs their number one priority.

Finding realistic ways to make British life more affordable is therefore a central focus of the Centre for Policy Studies’ work.

Page: <<<1314[15]16 >

225 - 240 of 246 Research articles

Of Dukes and Dustmen

Oliver Knox - Economy

A completely new charge, impost, levy, tax – call it what you will – is certain to be sometimes misrepresented and often misunderstood. Hard cases, exemptions, the complexity which is inevitable given the infinite variety of our styles of living, all add to the confusion.

Monetarism Lost

Tim Congdon - Economy

etween mod-1996 and mid 1988 the British economy experienced a full scale boom. Over the two years national output rose almost 10 per cent, much faster than could be sustained in the long term.

Personal Taxes for the 90’s

Jonathon Bond - Economy

The time is right for a radical reform of Britain’s income tax system.

Britain’s Biggest Enterprise

John Redwood MP - Economy

The National Health Service is the biggest enterprise in Britain. It absorbs some £21 billion a year – almost £500 from every adult in the country. It treats almost one hundred thousand patients a day. And it is the largest employer in Western Europe, with just under one million employee – almost twice as many as in our entire civil service.

To Spur, not to Mould

Sir Leon Brittan - Economy

For as long as I can remember concern about our economic progress, compared with that of our competitors, has been the staple diet of both politicians and commentators.

The New Capitalism

David Howell - Economy

The ideal of widespread personal ownership as a central goal of social policy has been persistently advocated over the years by a handful of politicians and one or two economists, and as persistently ignored by almost everybody else.

Shares for All

Sir Nicholas Goodison - Economy

Share ownership is enjoying something of a renaissance. There are many more people today with a direct share in the risk capital of British industry and commerce than there were five years ago.

Every Adult a Share-Owner

Shirley Robin Letwin - Economy

Suppose that every adult in Britain acquired £100 worth of shares in some British Company/ Suppose that, apart from undertaking not to transfer those shares for five years, each adult enjoyed all the rights of a shareholder.

Business Still Burdened

Theresa Gorman - Economy

We look to small businesses and the self-employed to produce growth, employment and wealth. In Britain today about six million people work for small firms.

Whiter Monetarism

CPS - Economy

Financial markets, both in London and throughout the world are in the throes of fundamental and far-reaching changes. Barriers between previously separate markets are coming down. The old institutional distinctions no longer apply. The financial map is redrawn.

Put Pits into Profit

Keith Boyfield - Economy

Government policy towards the coal industry should have in sight the following targets.

Gentrification or Growth

Sir James Goldsmith - Economy

Traditionally there have been two main systems which can lead to prosperity and vigorous civilisation. One is based on imperial conquest. That is the Roman way and the way proposed by the Soviet Russia.

Value for Money Audits

John Redwood MP - Economy

In March 1978 the government White Paper on the nationalised industries outlined their significance to the economy in the following terms.

The Giant with Feet of Clay: The British Steel Industry 1945-1981

John Redwood MP - Economy

The history of the British steel industry over the last 35 years is a chronicle of industrial activity being hindered by government interference. The industry has been subject to two nationalisations with all their consequent upheaval.

The Economic Adviser’s Role: Scope and Limitations

Alan Walters - Economy

There is not much mystery to the job description for an economic adviser. He is expected to give advice on economic matters. But most job descriptions it conceals more than it reveals. Unlike the Emperor, the economist does have clothes of sorts – although views differ as to whether the garb is that of a dunce, a fool or an undertaker.

Land in a Free Society

Donald Denman - Economy

Land is one of the prime factors in economic production and a basic resource on which all economic activity depends. Policies primarily concerned with economic and social matters can, and invariably do, ultimately affect the ownership and use of land; conversely state policies to control the use and ownership of land cannot but affect the economy and the social ordering of society.

Page: <<<1314[15]16 >

225 - 240 of 246 Research articles