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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Rescooped by Bruce Fellowes from Macroeconomics: UK economy, IB Economics
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What does the 2018 budget mean for you? | Money | The Guardian

What does the 2018 budget mean for you? | Money | The Guardian | Fiscal Policy & Regulation | Scoop.it
We’ve looked at the figures to see how Philip Hammond’s budget will affect your finances – whether you’re single, married, with or without children or retired

Via Graham Watson
Graham Watson's curator insight, October 30, 2018 4:53 AM

Another quick snapshot of the Budget 2018: winners and losers, as calculated on behalf of the Guardian. The rich seem to be the biggest winners. 

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Philip Hammond delivers tax cut bonanza to higher earners | UK news | The Guardian

Philip Hammond delivers tax cut bonanza to higher earners | UK news | The Guardian | Fiscal Policy & Regulation | Scoop.it
Those earning £50,000 will reap benefits from budget’s income tax cuts, to the tune of £860 a year

Via Graham Watson
Graham Watson's curator insight, October 29, 2018 3:14 PM

The Guardian highlights the fact that the tax giveaways in this year's Budget seem to be targeting the middle classes, with people earning over £50,000 per year receiving tax cuts worth around £860, in the form of a higher personal allowance and a rise in the tax threshold for the higher rate of tax. 

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A budget to end austerity? Only if Hammond makes the rich pay | Polly Toynbee | Opinion | The Guardian

A budget to end austerity? Only if Hammond makes the rich pay | Polly Toynbee | Opinion | The Guardian | Fiscal Policy & Regulation | Scoop.it
Theresa May’s foolish promise offers never-ending open goals for Labour, says Guardian columnist Polly Toynbee

Via Graham Watson
Graham Watson's curator insight, October 23, 2018 2:34 AM

Polly Toynbee delights in the dilemma facing the Chancellor at next week's Budget and wonders whether he will be able to meet the Prime Minister's pledge to "end austerity".

 

Guardian readers will, no doubt, be delighted by the battle cry of "soak the rich" but to be fair she has a point. Since 2008, the wealthiest in society have done remarkably well, not least because QE helped prop up asset prices.

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No tax rises on petrol, says Theresa May

No tax rises on petrol, says Theresa May | Fiscal Policy & Regulation | Scoop.it
Keeping the freeze will cost the government £38bn over three years, the chancellor has said previously.

Via Graham Watson
Graham Watson's curator insight, October 3, 2018 2:17 AM

My word: has it really come to this. This appears to be the Prime Minister's attempt to be populist. It seems that the 2018 Budget is going to see fuel duty frozen again, costing the government £38bn.

 

Alternatively, my Business Management students might look at the Prime Minister and ask themselves - Leader or Manager?

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Philip Hammond’s pre-Brexit budget – what’s the verdict? | Gaby Hinsliff and others | Opinion | The Guardian

Philip Hammond’s pre-Brexit budget – what’s the verdict? | Gaby Hinsliff and others | Opinion | The Guardian | Fiscal Policy & Regulation | Scoop.it
Gaby Hinsliff, Katy Balls, Faiza Shaheen, Caroline Lucas and Vicky Pryce give their reaction to the chancellor’s final budget before the UK leaves the EU

Via Graham Watson
Graham Watson's curator insight, October 29, 2018 3:20 PM

Some Guardian columnists respond to the Budget - it's fairly predictable stuff, but gives a flavour of how the Left, in its various hues perceives the Budget.

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Budget 2018: Tech giants face digital services tax

Budget 2018: Tech giants face digital services tax | Fiscal Policy & Regulation | Scoop.it
Chancellor Philip Hammond plans to tax the sales that digital giants generate in the UK.

Via Graham Watson
Graham Watson's curator insight, October 29, 2018 2:54 PM

And there's more - the Budget also marked the announcement of plans for a digital services tax designed to affect the tech giants, and provide a more level playing field for the High Street.

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Budget 2018: Everything you need to know

Budget 2018: Everything you need to know | Fiscal Policy & Regulation | Scoop.it
When is the Budget, what is it, and why does it matter? Your guide to the chancellor's big day.

Via Graham Watson
Graham Watson's curator insight, October 22, 2018 2:31 AM

A brief primer for on the Budget. That is all.

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Chancellor calls early Budget to fit round Brexit talks

Chancellor calls early Budget to fit round Brexit talks | Fiscal Policy & Regulation | Scoop.it
The next UK Budget will be on 29 October, Chancellor Philip Hammond says.

Via Graham Watson
Graham Watson's curator insight, September 26, 2018 4:04 PM

The Chancellor has chosen the date of the next Budget - 29 October, during half term. How convenient!

 

It's early to avoid the risk of clashing with the November round of Brexit negotiations. Or to pretend that we aren't having any difficulties with them, perhaps.