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Rescooped by
Bruce Fellowes
from Macroeconomics: UK economy, IB Economics
onto Fiscal Policy & Regulation June 2, 2025 11:26 AM
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Donald Trump says he will double tariffs on steel and aluminium imports to 50% from Wednesday.
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Donald Trump says he will double tariffs on steel and aluminium imports to 50% from Wednesday. Via Graham Watson
Graham Watson's curator insight,
June 1, 2025 4:38 AM
A UK-based focus on how President Trump's trade policy is damaging to a specific sector of the economy. In this case it's the steel industry which has seen a whimsical overnight doubling of tariffs, presented as though it's all part of some grand plan.
However, the uncertainty it causes means that almost everyone is losing out.
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Tesco stores forced to shorten opening hours in major blow to shoppers after Rachel Reeves’ tax raid
TESCO stores across the country are being forced to shorten their opening hours in a major blow to shoppers.The supermarket is testing out new hours i...
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PUBS and restaurants are being driven into the ground by Labour’s tax hikes - with a THIRD now operating at a loss.A damning industry survey reveals...
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The value of the dollar slumped as China accused Donald Trump’s administration of violating its trade deal with the US.
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Nationwide predicts a fifth of first time buyers will pay the tax going forward, affecting activity. Via Graham Watson
Graham Watson's curator insight,
November 4, 2024 3:16 AM
I'm putting this here because it's fundamentally a Microeconomic story about incentives, D&S and so forth, and with a pick up in demand for housing, house prices are going to rise.
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CMA sets 18 December deadline for initial review as it considers whether deal could reduce competition Via Graham Watson
Graham Watson's curator insight,
October 23, 2024 6:05 AM
The Competition and Markets Authority is going to launch a formal investigation into Carlsberg's takeover of Britvic. The move, widely seen as a sensible tie-up between alcoholic and non-alcoholic drink manufacturers is also seen as having damaging implications for competition, and consumer choice.
It will be interesting whether they ultimately approve the deal, and what, if any concessions they demand for doing so.
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Last year, just five per cent of deaths incurred inheritance tax, but the Institute for Fiscal Studies (IFS) said that figure would double in 2029.
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The European Union has finalized its sharply higher customs duties on electric vehicles imported from China...
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Extend success of UK sugar tax to cakes, biscuits and chocolate, experts urge | Sugar | The Guardian
Exclusive: Co-author of analysis for WHO calls on government to control the food industry rather than being subservient to it Via Graham Watson
Graham Watson's curator insight,
June 1, 2024 4:46 AM
The World Health Organisation is calling for the UK government to extend the sugar tax to cakes, biscuits and chocolate given the success of the tax in reducing the amount of soft drinks sold.
As the article notes: "The levy on the soft-drinks industry led to a 34.3% fall in total sugar sales from such products between 2015 and 2020". Equally, the levy led to the reformulation of many soft drinks too.
But would extending it to other sectors of the food industry make economic sense?
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Agreement gives leeway to countries heavily reliant on coal and allows power plants fitted with carbon-capture technology Via Graham Watson
Graham Watson's curator insight,
May 1, 2024 3:41 AM
The inevitable demise of coal continues, with the G7 nations agreeing to end the use of unabated coal power power station by 2035. That said, there are a number of caveats that will allow some plants to stay open, notably those fitted with carbon-capture technology.
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According to the Economic Secretary, the UK is gearing up to introduce new legislation for cryptocurrencies and stablecoins by June or July 2024.
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Apple lost its bid to dismiss a lawsuit that alleged it charged more than 1,500 UK developers unfair commission fees of up to 30pc.
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Above inflation wage-hikes are set to benefit 2.7 million low-paid workers and apprentices. Via Graham Watson
Graham Watson's curator insight,
April 1, 2024 4:06 AM
Labour market news - today's the day that the National Living Wage (formerly the National Living Wage) rises good news for the lowest paid, but there are distributional consequences for firms to as they will now have increased costs.
That said, I find it hard to listen to business owners who are paid considerably more than their lowest paid workers, complaining about this sort of thing, even though times are hard for many. Equally, they could be looking to cut other costs, not least energy, which is falling in price today. |
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From
nypost
China’s exploitation of its monopoly over rare earth elements has become a major sticking point in high-stakes trade talks with President Trump – and experts warn the US needs to prepare for the worst.
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Chancellor Rachel Reeves introduced sweeping changes to business and agricultural property relief in the Autumn Budget last year.
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A third of the UK’s pubs, bars, restaurants and hotels are now operating at a loss following a wave of government-imposed tax increases that came into effect in April, according to a new industry survey.
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Beijing says it will safeguard its interests after Donald Trump claimed it had ‘totally violated’ agreement...
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The Labour chancellor unveiled lots of plans for long-term investment. But there is plenty of lively debate about the immediate impact Via Graham Watson
Graham Watson's curator insight,
November 4, 2024 3:28 AM
Phillip Inman provides a good look at the six major issues surrounding last week's Budget - looking at it's implications for growth, whether it marks the end of austerity and so on.
It's a good primer for those of you who want to remain abreast of current economic thinking, not least those of you hoping to get Oxbridge interviews.
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The Office for Budget Responsibility (OBR) forecast that average real household disposable income would be around £300 lower per person per year as a direct result of the Budget.
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Rate softens to 2.4% in October as Nationwide expects more transactions before budget’s nil rate band move...
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HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22 Via Graham Watson
Graham Watson's curator insight,
June 28, 2024 3:50 AM
Contrary to certain election claims about the Labour Party being the party of higher taxes, it's worth noting this HMRC data the shows that there are now 4.4m more income tax payers in 2024-25 than there were three years earlier when the government froze personal allowances.
It's a classic example of fiscal drag, which acts as a stealth tax, with even an increased number of pensioners paying tax: the last three years have dragged an "extra 1.77 million pensioners into the income tax bracket."
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Levy on oil and gas majors in richest countries would help worst-affected nations tackle climate crisis, says report Via Graham Watson
Graham Watson's curator insight,
April 29, 2024 2:56 PM
Who'd have thought it: taxing fossil fuel firms could help raise $900bn in so-called climate finance by 2030 according to the Climate Damages Tax report published today.
But before you celebrate this too gleefully, remember that it's likely to be largely funded by higher energy prices being paid by consumers, so don't get too giddy.
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The International Monetary Fund (IMF) cautions against UK's £20 billion national insurance tax cut, projecting a rise in public debt over the next five years...
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A growing number of farming groups are calling for a halt to changes to rules requiring farmers to pay recruitment fees and transport costs of seasonal workers.
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Government asked to put ‘people and planet before profits’ as analysis shows potential illegal discharging of raw sewage Via Graham Watson
Graham Watson's curator insight,
March 28, 2024 7:02 AM
It's almost boring to be 'scooping' this sort of thing time and time again, but hopefully, it might get you thinking.
What's the optimal level of marine pollution? Is there also an optimal level of regulation of the sector? The answer is 'Yes' in both cases, but I wonder if you can apply marginalist principles to work out what those equilibria would be? |
A UK-based focus on how President Trump's trade policy is damaging to a specific sector of the economy. In this case it's the steel industry which has seen a whimsical overnight doubling of tariffs, presented as though it's all part of some grand plan.
However, the uncertainty it causes means that almost everyone is losing out.