We let the 2007 financial crisis go to waste

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Fiscal Choices

It’s not the time passing, it’s the opportunity for retrospection that kills you. Or at least that’s how it feels looking back a full 10 years to the day when I was working in the Treasury as we got the news that the French bank BNP Paribas had frozen funds exposed to US sub-prime mortgages. The … Continued

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How do the main parties’ fiscal policies compare?

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Fiscal Choices

The parties’ manifestos cover a lot of ground. But what would their fiscal policies mean for the country? As we set out in an earlier report, boring-sounding rules about the deficit matter hugely for the country’s public debt trajectory, the parties’ delivery of services and tax and benefit policies, and for accommodating coming demographic challenges. … Continued

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Labour’s manifesto: let’s focus on the big choices not the small change

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Fiscal Choices

Labour’s manifesto is a big deal, in the simple sense that it has a lot of stuff in it. Nationalising this, nationalising that. Scrapping tuition fees. Borrowing billions for investment. Higher taxes, from corporation tax to financial transactions and on those earning over £80,000. More spending on health, social care, schools, and childcare. Oh, and … Continued

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Walking the walk on backing low and middle income households

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Fiscal Choices

Manifestos matter. Not so much because they change the results of elections (they don’t). They matter both because they do determine much of what parties do when they actually win, and because they tell you a lot about where a party stands at a given point in time – what they see the big challenges facing … Continued

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Older people on lower incomes are being ignored

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Fiscal Choices

To triple lock or not to triple lock (the state pension). Who has a secret tax bombshell ready for hard working families? It’s not just the rows that are being repeated in what feels something like an election on autopilot, it’s also the groups of voters that the parties are focusing on: pensioners and the … Continued

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