Fiscal Policy & Regulation
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Fiscal Policy & Regulation
Looking at Fiscal Policy, primarily in the UK
Curated by Bruce Fellowes
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Taxing big fossil fuel firms ‘could raise $900bn in climate finance by 2030’ | Climate crisis | The Guardian

Taxing big fossil fuel firms ‘could raise $900bn in climate finance by 2030’ | Climate crisis | The Guardian | Fiscal Policy & Regulation | Scoop.it
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, 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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IMF Warns UK: National Insurance Cut Risks Worsening Debt Burden

IMF Warns UK: National Insurance Cut Risks Worsening Debt Burden | Fiscal Policy & Regulation | Scoop.it
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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Calls grow for halt to proposed fees for farmers hiring labour - FarmingUK News

Calls grow for halt to proposed fees for farmers hiring labour - FarmingUK News | Fiscal Policy & Regulation | Scoop.it
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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Regulators urged to act over water companies’ record sewage discharge | Water | The Guardian

Regulators urged to act over water companies’ record sewage discharge | Water | The Guardian | Fiscal Policy & Regulation | Scoop.it
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, 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? 

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VAT threshold raised to £90,000 in boost for small businesses

VAT threshold raised to £90,000 in boost for small businesses | Fiscal Policy & Regulation | Scoop.it
Hard-pressed small business owners were thrown a lifeline on Monday after the government rolled out an increase to the VAT threshold.
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UK's oil drilling while in the ECT is economically reckless

UK's oil drilling while in the ECT is economically reckless | Fiscal Policy & Regulation | Scoop.it
UK's oil drilling projects open the door to lawsuits from foreign oil and gas firms if it passes the Offshore Petroleum Licensing Bill...
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Sunak considering one per cent deposit mortgage scheme

Sunak considering one per cent deposit mortgage scheme | Fiscal Policy & Regulation | Scoop.it
The Treasury is reportedly looking at introducing a scheme guaranteeing mortgages for first-time buyers with deposits of just one per cent.
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Start-up firms frustrated by HMRC's 'slowness and lack of communication'

Start-up firms frustrated by HMRC's 'slowness and lack of communication' | Fiscal Policy & Regulation | Scoop.it
Delays and a lack of communication from the tax authority are holding back new businesses, a group says.
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Rishi 'pins hopes on £10bn tax cuts to save election' as childcare policy 'stalls': PM 'favours slashing income tax or NI' at Budget amid claims ministers are set to break vow of 15 hours free nurs...

Rishi 'pins hopes on £10bn tax cuts to save election' as childcare policy 'stalls': PM 'favours slashing income tax or NI' at Budget amid claims ministers are set to break vow of 15 hours free nurs... | Fiscal Policy & Regulation | Scoop.it
Rishi Sunak and Chancellor Jeremy Hunt have ramped up expectations of dramatic moves in the financial package on March 6.
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South West Water ‘not honest’ about drought preparations, watchdog claims | Water industry | The Guardian

South West Water ‘not honest’ about drought preparations, watchdog claims | Water industry | The Guardian | Fiscal Policy & Regulation | Scoop.it
Devon and Cornwall had months of hosepipe bans as parts of country almost ran out of water in 2022...
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EU abandons tariffs on UK electric cars post-Brexit | UK | News

EU abandons tariffs on UK electric cars post-Brexit | UK | News | Fiscal Policy & Regulation | Scoop.it
EU bureaucrats backtrack on their proposal to impose tariffs on electric cars imported from the UK, originally planned after the Brexit trade deal.
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Inheritance tax set to soar this year with homeowners tipped to fork out almost £8bn | Personal Finance | Finance

Inheritance tax set to soar this year with homeowners tipped to fork out almost £8bn | Personal Finance | Finance | Fiscal Policy & Regulation | Scoop.it
Prime Minister Rishi Sunak is widely believed to be considering including a pledge to scrap inheritance tax in the next Tory manifesto.
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Bidenomics harms ordinary Americans and enriches government cronies –

Bidenomics harms ordinary Americans and enriches government cronies – | Fiscal Policy & Regulation | Scoop.it
Bidenomics will make a few fat cats happy, but the result will be higher prices, slower growth and fewer jobs.
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G7 agree to end use of unabated coal power plants by 2035 | G7 | The Guardian

G7 agree to end use of unabated coal power plants by 2035 | G7 | The Guardian | Fiscal Policy & Regulation | Scoop.it
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, 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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Minister Reveals When The UK Will Introduce New Crypto Regulation

Minister Reveals When The UK Will Introduce New Crypto Regulation | Fiscal Policy & Regulation | Scoop.it
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 loses bid to dismiss major UK lawsuit over App Store fees

Apple loses bid to dismiss major UK lawsuit over App Store fees | Fiscal Policy & Regulation | Scoop.it
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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Minimum wage rise gives boost to 2.7 million lowest-paid

Minimum wage rise gives boost to 2.7 million lowest-paid | Fiscal Policy & Regulation | Scoop.it
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, 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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UK Govt Launches Major Free Childcare Scheme, Aiming to Support Working Families and Boost Economy

UK Govt Launches Major Free Childcare Scheme, Aiming to Support Working Families and Boost Economy | Fiscal Policy & Regulation | Scoop.it
Explore the UK's ambitious plan to expand free childcare, aimed at supporting working families, stimulating the economy, and addressing sector concerns.
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Rishi Sunak warns voters 'tax cuts with me or tax rises with Keir Starmer'

Rishi Sunak warns voters 'tax cuts with me or tax rises with Keir Starmer' | Fiscal Policy & Regulation | Scoop.it
RISHI Sunak today warns voters that the next election will be a stark choice: “Tax cuts with me or tax rises with Starmer.”The PM and his Chancell...
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OBR forecasts Chancellor Jeremy Hunt will have up to £10bn headroom in Spring budget after Rishi Sunak hinted there will be 'more to come' on tax cuts later this year | Daily

OBR forecasts Chancellor Jeremy Hunt will have up to £10bn headroom in Spring budget after Rishi Sunak hinted there will be 'more to come' on tax cuts later this year | Daily | Fiscal Policy & Regulation | Scoop.it
Jeremy Hunt has pledged further tax cuts as it emerged that he is likely to have up to £10billion of headroom to fund them.
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One in 20 patients in England wait at least four weeks to see GP, figures show | GPs | The Guardian

One in 20 patients in England wait at least four weeks to see GP, figures show | GPs | The Guardian | Fiscal Policy & Regulation | Scoop.it
GP leaders say widespread shortage of family doctors is making it impossible to keep up with demand...
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Government 'urged to spend £2bn' fixing potholes as they damage 630k cars in one year | UK | News

Government 'urged to spend £2bn' fixing potholes as they damage 630k cars in one year | UK | News | Fiscal Policy & Regulation | Scoop.it
A leading political commentator has suggested that the Government needs to massively ramp up its spending on fixing the nation's potholes.
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UK and EU Extend Trade Rules for Electric Vehicles

UK and EU Extend Trade Rules for Electric Vehicles | Fiscal Policy & Regulation | Scoop.it
Find out how the extension of trade rules on electric vehicles between the UK and EU benefits consumers, the economy, and the environment.
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Meat tax: no UK politician is calling for one – but maybe they should

Meat tax: no UK politician is calling for one – but maybe they should | Fiscal Policy & Regulation | Scoop.it
Let’s just call it something different.
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Controversy as government relaxes rules on waterway pollution in bid to boost home building

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