The government has a wretched track record when it comes to measures stimulating the economy, (although its predecessor was little better). Another measure that risks damaging growth, is waiting in the wings; the inelegantly titled High Value Council Tax Surcharge…
The Residential-Property Tax Trap Property taxes are flavour of the month in the lead-up to the Chancellor’s late November budget with much discussion taking place of how a change in the way property is taxed could make a significant contribution…
Flying to Scotland from Southampton on a fine day recently, my eye soon picked up the brown streak across southern central counties that is the route of HS2. Earth works are almost complete, and much concrete poured, but train track…
Railways as we know them are 200 years old this year. An invention in which Britain takes much pride and about which, no doubt, the nation will reminisce as the year progresses. Yet, one feature that we can be certain…
The existing economic framework of the United Kingdom begs an important question. Does it comply with critical criteria laid down in the seminal 1960s work of Robert Mundell on optimal currency areas (OCAs). Mundell’s suggested that if shocks, both endogenous…
Over 40 years ago, the International Civil Aviation Organization (ICAO) established its technical Committee on Aviation Environmental Protection (CAEP). Today, CAEP has completed at an international level twelve cycles of debate, recommendations and policy revisions[1]. Indeed, aviation was the first…
Off the radar, because it was announced eighteen months ago, April saw a major change in taxation of travel by air. For some years now passengers catching a flight from nearly all UK airports have been paying a tax on…
Opposition to a third runway at London Heathrow received a boost recently when Willie Walsh, Chief Executive of IAG, British Airways’ holding company, launched a blistering attack on the proposal by the Airports Commission that London Heathrow, and not London…
Government spending on infrastructure is a subject on which Keynesians and Neoclassicists tend to agree. The former are interested in the short-term stimulus effect, while the latter see it as a way to increase the economy’s trend growth rate. Unconditional…
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