October 2012 archive

Sir Mervyn turns Austrian

The aim of commentary on this site is to provide a longer term, more balanced perspective on economic developments than is sometimes offered by the 24/7 rolling news cycle, where today’s lurid headlines of impending disaster often metamorphose into tomorrow’s fish and chip paper.  But while headline news often proves to be of no lasting consequence, sometimes a piece of news barely …

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Towards a tax revolution

The lead article in today’s Financial Times, “Austerity Squeeze Set to Last until 2018”, brings the depressing but not unexpected news that it will take longer to tackle the UK’s budget deficit than previously thought. But this does not mean that the government should increase the overall burden of taxation – the strategy implied by Ed Milliband, in his much lauded speech …

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Permanent link to this article: http://www.goldenguinea.com/towards-a-tax-revolution/