Growth

Wednesday

Katy Balls

Labour’s low growth Budget

15 min listen

Rachel Reeves has announced that taxes will rise by £40 billion in Labour’s first Budget for 14 years. The headlines include: an increase in employers’ National Insurance contributions from April to 15 per cent, raising £25 billion; that the freeze on income tax and National Insurance thresholds will not be extended past 2028; that the lower rate of capital gains tax will be raised from 10 per cent to 18 per cent, and the higher rate from 20 per cent to 24 per cent; that fuel duty will remain frozen for the next two years; and the introduction of VAT on private school fees from January. The Chancellor didn’t want

Tuesday

Kate Andrews

How far will Truss’s ‘growth plan’ go?

It was only a few weeks ago that Liz Truss was talking about holding an ‘emergency’ fiscal event towards the end of September, mainly to address rising energy bills and how the government would support people through the winter. This targeted approach helped to justify the speed at which her new government would announce some major policy, and even more importantly was used to justify not commissioning analysis from the Office for Budget Responsibility to go alongside it. Energy bills were too time sensitive for the government to wait for the OBR to run all the numbers and produce forecasts, Team Truss’s argument went. The independent assessment of her plans (which must

Thursday

Robert Colvile

Have we reached the end of ‘The Great Acceleration’?

Ah well. It was a nice try. A few years ago I wrote a book called The Great Acceleration, arguing that the world around us is speeding up and that this is on balance a good thing. Enter Danny Dorling with a new book called Slowdown: The End of the Great Acceleration and Why it’s Good for the Planet, the Economy and Our Lives. Cue a mischievous commission from The Spectator’s literary editor, doubtless hoping for a good old-fashioned nerdfight. The problem with this cunning plan is that Dorling, an Oxford geography professor and demographer, has written a very strange book indeed — and one that shows the extent to