Even allowing for falls in asset values and some tax dodging, a modest tax on the wealthiest could pay off the government’s ballooning debt.
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A political economist explains the background to Labour and the Conservatives’ new commitment to spending and borrowing.
A few billion is not a massive amount compared to the government’s total budget for the year. But it could significantly help school and police budgets.
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From the economy to education, experts from a range of areas impacted by the budget share their reactions.
The UK has had eight years of cuts to public services.
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Are the Conservatives admitting that austerity hasn’t worked?
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Austerity policies cut Britain’s brief recovery from the financial short and brought recession, stagnation and growing poverty.
The UK media failed to challenge the government narrative of austerity despite its failure to revive the economy.
The UK’s Tigger-ish chancellor.
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Britain’s finance minister delivers his first Spring Statement hot on the heels of some rather good economic news.
New statistics show the UK has half a trillion pounds less in its account than previously thought.
All public sector workers have a 1% pay rise cap.
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A deep dive into public sector earnings data since 2005 and how it compares to private sector pay.
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The UK government’s U-turn on a national insurance increase for self-employed people exposes the flaws in its approach to building a stronger and more inclusive economy.
“I just don’t get what the big deal is.”
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Changes to the national insurance tax for self-employed people was one of the most controversial parts of the 2017 spring budget.
All smiles at 11 Downing Street.
Philip Hammond delivers his last Spring Budget on the state of the UK economy. Our panel of experts dissect what it says.
A triple whammy for wine?
Bottling up concerns over the price of imports.
There’s a lot of talk about a Brexit ‘divorce bill’ costing the UK tens of billions – we got two academics to check the facts.
Reading straight from Ed Balls’ playbook.
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Hammond has taken an oddly similar stance to former shadow chancellor Ed Balls: running a deficit and boosting infrastructure spending.
An ‘emergency budget’ may not be necessary but that doesn’t mean the UK will be awash with cash saved from its EU budget contributions.
George Osborne detailing some of the cuts to come.
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The UK is witnessing its biggest cull of public sector jobs in half a century and hundreds of thousands of workers must make the transition to the private sector.
Calm in a crisis.
The upcoming emergency budget will offer the chancellor of exchequer, George Osborne, an opportunity to set up his stall as an unofficial candidate to the leadership of the Conservative Party. No other…
Making a risky promise.
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Osborne’s experience as chancellor from 2010-2015 should have taught him that he can’t directly control the deficit or surplus.