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Chris GilesFinancial Times |
Bank of England has already had plenty of time to react to the chancellor’s thinking
If Britain is to have a more European welfare state, it needs a more European tax system
Traditional Labour measures on tax and borrowing will need to be balanced with thinner fare to keep to fiscal constraints
Companies need to be careful, but the judgment ultimately preserves market forces
The chancellor must be careful not to increase the damaging incentives in the tax system as she seeks sources of revenue
An MPC meeting next month looks set to shape interest rates, normalise risk taking and kill a silly fiscal rule
Financial markets are right to be jumpy ahead of November’s election
The Democratic candidate is well advised not to campaign on the Biden administration’s economic record
The difficult reality is a recognition that we will have to spend more and get less than promised from public services
The tax rises needed to fund such schemes put them out of reach — maybe a new study will convince the doubters
The coming fiscal statement will set an economic baseline for the new government
It involves austerity, some quirks in UK fiscal rules and ensuring government action requires private investment
Labour can save public money and enhance central bank independence with some tweaks to the BoE remit
Divergent economic positions mean assessment of policy risks needs to be radically different
Walking London’s Capital Ring tells you all you need to know about the housing crisis
Political stability, catch-up growth and better luck would make 2024 a good election to win
Separating punishment for past sins from future investment should be the priority
Analysis of the UK Budget suggests revenue gains from tax cuts are vanishingly rare
During a brief, chaotic stint as UK prime minister, her incompetence undermined the case for economic radicalism
The EU’s performance is both better and worse than commonly believed
Budgetary policy is so difficult that most countries in the west are unlikely to live happily ever after
Houthi rebels are highly unlikely to be able to inflict global economic pain
The Budget will reveal the prime minister’s confidence about remaining in post
The US, UK and eurozone are on course to declare victory this year but difficult trade-offs await
Opec is struggling to hold the world to ransom with high energy prices
Measures that show the opposite have absurd implications and dangerous policy prescriptions