Fiscal Policy & Regulation
3.1K views | +0 today
Follow
 
Scooped by Bruce Fellowes
onto Fiscal Policy & Regulation
Scoop.it!

Balance of Payment Crises and the Global Fiscal-Monetary Mix - SNB & CHF

Balance of Payment Crises and the Global Fiscal-Monetary Mix - SNB & CHF | Fiscal Policy & Regulation | Scoop.it
Monetarist views: QE1 was a good measure to undo unnecessary monetary easing between 2002 and 2005. Similarly QE3 was needed to undo the negative effects of QE2. QE2 was one reason for the euro crisis.
No comment yet.
Fiscal Policy & Regulation
Looking at Fiscal Policy, primarily in the UK
Curated by Bruce Fellowes
Your new post is loading...
Your new post is loading...
Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Boris Johnson should have the guts to kill HS2 | Simon Jenkins | Opinion | The Guardian

Boris Johnson should have the guts to kill HS2 | Simon Jenkins | Opinion | The Guardian | Fiscal Policy & Regulation | Scoop.it
It is a high-speed opportunity for this most waffling of politicians to grasp a tough decision and take it, says Guardian columnist Simon Jenkins

Via Graham Watson
Graham Watson's curator insight, August 28, 2019 4:48 AM

Simon Jenkins on the viability of HS2: does the cost-benefit analysis stack up?

 

It's interesting - will reducing journey times from Birmingham to London by 20 minutes make that much difference? Or is the main imperative for this political and not economic.

 

I'll throw another curveball out there - the recently announced HS2 review has been designed to defer the issue until after an autumn election. The Prime Minister has been a critic of the project but knows that axing it would be political suicide prior to an election.

Scooped by Bruce Fellowes
Scoop.it!

France passes law taxing digital giants in defiance of US anger | TRT World

No comment yet.
Rescooped by Bruce Fellowes from International Economics: IB Economics
Scoop.it!

Starbucks pays £18.3m tax but £348m in royalty payments | Business | The Guardian

Starbucks pays £18.3m tax but £348m in royalty payments | Business | The Guardian | Fiscal Policy & Regulation | Scoop.it
Company has faced years of criticism for the amount of tax it pays in UK

Via Graham Watson
Graham Watson's curator insight, June 27, 2019 2:48 AM

This story has the heady aroma of 'tax evasion' around it - with Starbuck's paying far more in 'royalty payments' than it does in tax across the world. I wonder if I can avoid paying tax by setting up my own company - presumably registered in Ireland - and paying myself royalties for representing a version of myself at work?

 

I suspect the answer is no. But I'd love to know how that differs from what Starbucks is currently doing.

Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

HMRC pushes steep VAT increase for new solar-battery systems | Environment | The Guardian

HMRC pushes steep VAT increase for new solar-battery systems | Environment | The Guardian | Fiscal Policy & Regulation | Scoop.it
Treasury proposes rise from 5% to 20%, while the tax on coal will stay at lower rate

Via Graham Watson
Graham Watson's curator insight, June 25, 2019 3:27 AM

Sometimes it's difficult to understand policy - this seems counter-intuitive, discouraging investment in solar-battery systems and encouraging coal consumption.

 

However, I suspect that the article has over-simplified some of the complexities involved. But it doesn't look great policymaking...

alexis narcisi's curator insight, June 27, 2019 11:34 AM

https://podends.com/product/brass-knuckles-vape/

Guadalupe Del Angel Franco's curator insight, November 3, 2019 5:14 PM
el amuento del impuesto no creo que sea una buena idea ya que uno como ciudadano busca un ahorro de energia pero como el aumento de dicho impuesto sera contraproducuente, este post va dirigodo para todo tipo de publico, el teman mas interesante de este publiacion es el aumento de dicha tasa ya que buscando una mejora entraremos una desventaja, si bien es un metodo de ahorro tambien cuidado e medio ambiente.
Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Boris Johnson's tax plan would 'benefit wealthy most' - IFS

Boris Johnson's tax plan would 'benefit wealthy most' - IFS | Fiscal Policy & Regulation | Scoop.it
The Tory leadership candidate's plan would cost "many billions", the Institute for Fiscal Studies says.

Via Graham Watson
Graham Watson's curator insight, June 25, 2019 3:03 AM

Boris Johnson's proposed tax cut for the rich would only benefit 8% of the population, and cost billions according to the IFS.

 

That's news, apparently. I've a simple method for telling when Boris talks nonsense. His lips move. His supporters are asking for him to be judged on "his record". Which bit of it? His legendary incompetence as a minister? His ability to waste money on London's Garden Bridge? His backing of a new London airport in the Thames Estuary?

 

Are there any resounding successes to report? Boris bikes? Surely you can do better than that.

Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

Left in a siding: the rail link that could make Heathrow greener | Business | The Guardian

Left in a siding: the rail link that could make Heathrow greener | Business | The Guardian | Fiscal Policy & Regulation | Scoop.it
Airport and Department for Transport fight shy of backing new line from Staines that would slash car usage

Via Graham Watson
Graham Watson's curator insight, June 16, 2019 5:36 AM

Interesting Guardian article that argues for investment in a couple of rail links to Heathrow to encourage increased use of public transport in getting to the airport, to offset some of the environmental damage from the airport's expansion.

alexis narcisi's curator insight, June 27, 2019 1:05 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Help to buy has helped the well-off – and made the housing crisis worse | Vicky Spratt | Opinion | The Guardian

Help to buy has helped the well-off – and made the housing crisis worse | Vicky Spratt | Opinion | The Guardian | Fiscal Policy & Regulation | Scoop.it
The government must stop propping up a broken market, says journalist and housing campaigner Vicky Spratt

Via Graham Watson
Bruce Fellowes's insight:

Government Failure

Graham Watson's curator insight, June 15, 2019 8:44 AM

Housing campaigner Vicky Spratt share my view of Help to Buy - a policy that increasingly looks to have profoundly unfair distributional effects. One wonders whether it is an example of government failure. 

alexis narcisi's curator insight, June 27, 2019 1:06 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

HMRC outlay on Amazon over six times what firm paid in corporation tax – GMB | Technology | The Guardian

HMRC outlay on Amazon over six times what firm paid in corporation tax – GMB | Technology | The Guardian | Fiscal Policy & Regulation | Scoop.it
UK tax authority spent £11m to use online giant’s web-hosting services in 2018, says report

Via Graham Watson
Graham Watson's curator insight, June 11, 2019 3:06 AM

Just a great story, with both Economic and Business Management impact - it seems remarkable that HMRC pays more to Amazon Web Services for its cloud computing than it receives in corporation tax, according to the GMB.

 

Tax avoidance? The diversification of Amazon? You choose.

alexis narcisi's curator insight, June 27, 2019 1:23 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from International Economics: IB Economics
Scoop.it!

US-Mexico talks: Trump says more progress needed to avoid tariffs

US-Mexico talks: Trump says more progress needed to avoid tariffs | Fiscal Policy & Regulation | Scoop.it
Negotiations will continue, but the US president says there has been "not nearly enough" progress.

Via Graham Watson
Graham Watson's curator insight, June 6, 2019 2:24 AM

Whose for another trade war?

 

It seems that President Trump is keen - with tariffs on Mexican goods likely to be introduced on Monday, after disappointing trade talks yesterday. I wonder if the President has any examples of a 'good' trade war to refer to?

alexis narcisi's curator insight, June 27, 2019 1:29 PM

https://podends.com/product/brass-knuckles-vape/

alexis narcisi's curator insight, June 27, 2019 1:32 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Wellbeing should replace growth as 'main aim of UK spending' | Politics | The Guardian

Wellbeing should replace growth as 'main aim of UK spending' | Politics | The Guardian | Fiscal Policy & Regulation | Scoop.it
Ex-civil service chief says spending review opportunity to focus on health and happiness

Via Graham Watson
Graham Watson's curator insight, May 24, 2019 4:34 AM

Is this a viable change in he main macroeconomic objective? Is it genuinely feasible to target well-being rather than growth?

 

This question has been around for ever it seems, but the latest government spending review might see a marked change in how UK macroeconomic policy is conducted.

Scooped by Bruce Fellowes
Scoop.it!

The Ghanaian government is planning on taxing mobile money - Pulse Ghana

The Ghanaian government is planning on taxing mobile money - Pulse Ghana | Fiscal Policy & Regulation | Scoop.it
The Deputy Minister of Communications George Andah says the Ghanaian government is considering slapping a tax on the fees and commissions mobile money companies earn from individual transactions.
No comment yet.
Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

Amsterdam to ban petrol and diesel cars and motorbikes by 2030 | World news | The Guardian

Amsterdam to ban petrol and diesel cars and motorbikes by 2030 | World news | The Guardian | Fiscal Policy & Regulation | Scoop.it
Diesel cars older than 15 years will be barred next year as first part of anti-pollution drive

Via Graham Watson
Graham Watson's curator insight, May 4, 2019 2:01 AM

Amsterdam is on the point of banning petrol and diesel vehicles from its city centre by 2030, in the hope of tackling pollution, and reduce pollution-related deaths. The scheme is being phased in, with the oldest, least efficient and most polluting cars being banned first. 

alexis narcisi's curator insight, June 28, 2019 3:20 AM

https://podends.com/product/cbd-vape-cartridge/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Hammond could and should have ended his crippling freeze on benefits | Business | The Guardian

Hammond could and should have ended his crippling freeze on benefits | Business | The Guardian | Fiscal Policy & Regulation | Scoop.it
Of course Brexit creates uncertainties. But the chancellor has funds available now to fulfil the pledge to end austerity

Via Graham Watson
Graham Watson's curator insight, March 17, 2019 4:30 AM

Today's Observer business leader starts with an attack on austerity - and the Spring Statement, suggesting that, instead of simply keeping his powder dry for an unanticipated costs of Brexit, he could have chosen to abandon austerity and heed the Office for Budgetary Responsibility's view that the public finances are improving and that debt interest payments are going to fall.

 

It's certainly something worth considering - and keeping an eye on as we go forward.  

Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

'Stop misleading special offers', supermarkets told

'Stop misleading special offers', supermarkets told | Fiscal Policy & Regulation | Scoop.it
Major chains still offer "dubious" deals, despite rules designed to prevent this, says Which?

Via Graham Watson
Graham Watson's curator insight, August 28, 2019 3:52 AM

An example of how imperfect information reduces market efficiency - and distorts markets, getting them acting in producers' and not consumers' best interests, by subverting consumer sovereignty.

Guadalupe Del Angel Franco's curator insight, November 3, 2019 4:14 PM
la historia de las supuestas ofertas no solo pasa en Reino Unido,pasa en cualqueri parte del país, a mi parece esta supestas ofertas solo son para atraer al consumidor ya que los precios sigue siendo los mismo y en ocaciones mas alto, esta publiacion va diriga para todo el publico de cualquier parte del pais y tema mas interesante es ver como son engañosas las supuestas ofertas cuales son los temas mas importantes para hacer atractiva una oferta ante el ojo del cunsumidor, hablando del tema profesional es algo muy interesante ya que como profesionistas debemos ver esta situacion y ver si realmente conviene o no, el acercamiento personal que he tenido es algo que comun mente se conoce como "buen fin"  donde hay grandes ofertas en  todo tipo de tienda pero ahi donde debemos analizar que buena es esa oferta o si es necesario lo que vamos a comprar.
Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

France plans 'eco-tax' for air fares

France plans 'eco-tax' for air fares | Fiscal Policy & Regulation | Scoop.it
The tax will apply to tickets for all flights from airports in France, the government says.

Via Graham Watson
Graham Watson's curator insight, July 9, 2019 11:36 AM

Another economy has introduced a tax on flights - with the French government launching an 'eco tax' for air fares. It's similar to the Air Passenger Duty in the UK and the revenue raised seems to be being hypothecated for investment in cleaner forms of transport. 

Sophie Harrell's curator insight, July 11, 2019 9:46 PM
I am glad to see that big organizations are taking efforts to help the environment. In the era we live in, post industrialization, the environment is suffering and is in desperate need for help. Transportation is a major producer of green house gases that lead to climate change. Placing a tax on this is a way to repair some of the harm the business is creating.
Guadalupe Del Angel Franco's curator insight, November 3, 2019 3:55 PM
EN personal este publiacion me parece muy interesante, por que como en la publicacion se plantea debmos cuidar el ambiente, siento que el tema mas destacado de este post el el cuidado del ambiente y el pago del impuesto si bien es un aumento es mejor para todos ya que sera atractiva por el cuidado del planeta, el publico a quien va dirigo es todo a que qur viaja y en general a todas las personas para que lo veamos como ejemplo, no tan solo es el aumento dle impuesto es el cuidado dle medio ambiente, y por eso es un tema que vale la pena leerlo e investigar más. 
Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

San Francisco becomes first US city to ban e-cigarettes

San Francisco becomes first US city to ban e-cigarettes | Fiscal Policy & Regulation | Scoop.it
The US city, home to market leader Juul, is the first to ban sales in-store and from online retailers.

Via Graham Watson
alexis narcisi's curator insight, June 27, 2019 11:31 AM

https://podends.com/product/brass-knuckles-vape/

alexis narcisi's curator insight, June 27, 2019 11:42 AM

https://podends.com/product/brass-knuckles-vape/

Guadalupe Del Angel Franco's curator insight, November 3, 2019 5:32 PM
la prohibicion de este metodo de cigarro me parece una buena idea ya que no sabemos los efectos que este conlleva, si bien es una manejra no no furmar el cigarro como tan pero de cierta forma nos afecta de igual o mayor manera, a mi parecer al publico que va dirigo es a todo a quel fumador activo que lo opta por el siempre echo de pensar que con este metodo selo iran dejando, hay muchas manejra de eviatar o salir de la adiccion al cigarro pero se debe consultar un especialidaste el tema mas llativo de este post es la prohibicion de su venta es una buen medida.
Rescooped by Bruce Fellowes from International Economics: IB Economics
Scoop.it!

US billionaires' group calls for wealth tax

US billionaires' group calls for wealth tax | Fiscal Policy & Regulation | Scoop.it
A group of 18 wealthy individuals is arguing that politicians have a moral duty to tax them more.

Via Graham Watson
alexis narcisi's curator insight, June 27, 2019 11:35 AM

https://podends.com/product/brass-knuckles-vape/

alexis narcisi's curator insight, June 27, 2019 12:50 PM

https://podends.com/product/brass-knuckles-vape/

Kyla Perkinson's curator insight, June 28, 2019 12:54 PM
After listening to Bernie Sanders Speech on the unequal distribution of wealth in the U.S., I find this article to be very relevant. First of all, it shows that Sanders' speech is still important today, and it shows that some of the wealthiest people in the United States are working to redistribute money. They wrote a proposal to have higher taxes taken from them as a way to help prevent economic inequality and it would help with climate change as well. I think it is interesting that these wealthy people are asking to have more money taken away from them, but I believe that they are asking for the right thing.
Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Heathrow reveals expansion 'masterplan'

Heathrow reveals expansion 'masterplan' | Fiscal Policy & Regulation | Scoop.it
Plans for a third runway, as well as new terminals to be built in phases, go out to public consultation.

Via Graham Watson
Rescooped by Bruce Fellowes from International Economics: IB Economics
Scoop.it!

India announces retaliatory trade tariffs against the US

India announces retaliatory trade tariffs against the US | Fiscal Policy & Regulation | Scoop.it
The new duties come days before countries' leaders are expected to meet at a G20 summit in Japan.

Via Graham Watson
Graham Watson's curator insight, June 16, 2019 4:57 AM

Is another trade war in the offing? India has retaliated to the US withdrawing preferential trade treatment and refusing to exempt India from US steel and aluminium tariffs. 

 

Yet another case where the biggest losers will be the consumers in both countries. 

alexis narcisi's curator insight, June 27, 2019 1:05 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Help to Buy: 'Most users did not need help report finds'

Help to Buy: 'Most users did not need help report finds' | Fiscal Policy & Regulation | Scoop.it
Most participants in the scheme could have got on the housing ladder without help, a report finds.

Via Graham Watson
Bruce Fellowes's insight:

Government Failure?

Graham Watson's curator insight, June 13, 2019 4:20 AM

The National Audit Office has looked into 'Help to Buy' and reached a number of conclusions: most participants didn't actually need help to get on the housing ladder, and that it boosted the profits of building companies. 

 

This looks like government failure: however, the NAO is actually more cautious, arguing that it remains to be seen whether the taxpayer has got value for money. Either way, it has cost an awful lot, up to £23bn by 2023 and any future returns are contingent upon the performance of the housing market. Watch this space.

alexis narcisi's curator insight, June 27, 2019 1:14 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Tory leadership contest: Do tax plans add up?

Tory leadership contest: Do tax plans add up? | Fiscal Policy & Regulation | Scoop.it
Some of the contenders are pledging big tax cuts.

Via Graham Watson
Graham Watson's curator insight, June 11, 2019 2:49 AM

The BBC's Reality Team takes a look at the tax pledges of three of the leading Conservative party leadership candidates, and does a better job than I would of keeping calm.

 

The point out that all of these grandiose pledges of income tax or VAT cuts would cost and awful lot of money, with some groups, notably wealthy pensioners in one case, doing remarkably well out of them.

 

However, at some point they'll need to be funded. I wonder is Sajid Javid has found his 'magic money tree' yet?

alexis narcisi's curator insight, June 27, 2019 1:18 PM

https://podends.com/product/brass-knuckles-vape/

alexis narcisi's curator insight, June 27, 2019 1:25 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Microeconomics: IB Economics
Scoop.it!

Home solar panel installations fall by 94% as subsidies cut | Environment | The Guardian

Home solar panel installations fall by 94% as subsidies cut | Environment | The Guardian | Fiscal Policy & Regulation | Scoop.it
Labour accuses UK government of ‘actively dismantling’ solar power industry

Via Graham Watson
Graham Watson's curator insight, June 5, 2019 2:56 PM

An interesting article - and potential for an IA, I'd say. This article highlights a dramatic fall in the number of solar panels being installed as a result of the government removing its subsidies on them.

 

Lots to contemplate - elasticity of demand, the economics of subsidies, and the economics of renewable power more generally. 

alexis narcisi's curator insight, June 27, 2019 1:30 PM

https://podends.com/product/brass-knuckles-vape/

alexis narcisi's curator insight, June 27, 2019 1:33 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

Universal Credit: Winners and Losers

The working-age benefits system is undergoing radical reform, with six means-tested benefits and tax credits (the ‘legacy’ system) being replaced by a single payment called universal credit. Under current plans, universal credit is expected to be fully rolled out by mid-2024.


Via Graham Watson
Graham Watson's curator insight, May 24, 2019 4:21 AM

The IFS dissects the distributional consequences of the change to the system of Universal Credit - with marginally more losers than winners.

alexis narcisi's curator insight, June 27, 2019 2:12 PM

https://podends.com/product/brass-knuckles-vape/

alexis narcisi's curator insight, June 27, 2019 2:40 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from International Economics: IB Economics
Scoop.it!

US lifts steel and aluminium tariffs on Canada

US lifts steel and aluminium tariffs on Canada | Fiscal Policy & Regulation | Scoop.it
Mexico is also expected to see levies lifted, paving the way for a new North American trade agreement.

Via Graham Watson
Graham Watson's curator insight, May 19, 2019 2:49 AM

US trade policy is changing again - it is believed that the Americans are going to lift tariffs on Canadian and Mexican steel as is seeks a new North American trade agreement. This is all well and good. But one wonders why that had to impose tariffs in the first place - and who gained from their introduction.

alexis narcisi's curator insight, June 27, 2019 3:40 PM

https://podends.com/product/brass-knuckles-vape/

Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
Scoop.it!

HS2 would widen UK north-south divide and should be axed, says report | UK news | The Guardian

HS2 would widen UK north-south divide and should be axed, says report | UK news | The Guardian | Fiscal Policy & Regulation | Scoop.it
Thinktank says London would benefit most and money should go to less wealthy areas instead

Via Graham Watson
Graham Watson's curator insight, March 19, 2019 4:46 PM

Whither HS2? Productivity boon? White elephant? 

 

This Guardian article cites some research from the New Economics Foundation that suggests that HS2 will have benefits but that the biggest problem with this is that these benefits will largely accrue to London, widening the North-South divide and entrenching regional inequality.

 

They argue that there's a strong case that the money would be better spent on improving the existing network and other, more local projects. Furthermore, high speed rail would also have skewed distributional consequences in favour of richer households.  

 

Another ringing endorsement of the scheme.