The economy is improving, a but the amount of personal income tax raised isn’t rising. One reason is the sheer size of the black economy, says Merryn Somerset Webb.
Officially, the Chinese economy is still growing at over 7%. But there is no way that is true, says Merryn Somerset Webb. Here’s why.
Pensioner bonds are “ludicrously expensive” for the taxpayer, and make a mockery of the NS&I mission statement to reduce the cost of government borrowing.
The SNP’s new stamp duty equivalent for Scotland, appears to have been designed to send a clear message to the well off in Scotland – expect devolution to mean you pay more tax.
The Scottish government’s first use of a devolved tax was quickly revised, after being undercut by tax competition from the rest of the UK.
Pensioner bonds are effectively another non-means-tested benefit for pensioners. It’s time we rethought the whole lot of them.
Pensioner bonds are a transfer of wealth from the young – who tend not to vote – to the old, who do. Making voting compulsory would stop this bribery, says Merryn Somerset Webb.
London house prices have diverged greatly from the rest of the country, says Merryn Somerset Webb. Get ready for the snap-back.
For the vast majority of gainfully employed people in Britain, the recession was a non-event, says Merryn Somerset Webb. In fact, things have been pretty good.
With the cost of renting accommodation rising fast, it might seem like there is a case for rent controls. But the problem isn’t high rents, says Merryn Somerset Webb, it’s high house prices.
Hedge funds have performed appallingly over the last few years. If it wants to survive, it really shouldn’t be charging such exorbitant fees, says Merryn Somerset Webb.
The German constitutional court has made a ruling that could spell the end of the ‘Mittelstand’ system that makes up the backbone of the country’s economy.
Let’s hear it for the taxpayers, says Merryn Somerset Webb. They provide a guaranteed income for every person in the country, plus state funded education and healthcare. And they ask for very little in return.
The idea that a company has no responsibility other than to maximise value for its shareholders is bad for workers, shareholders and society as a whole, says Merryn Somerset Webb.
Fund managers should act as the long-term company owners they are, not just as stockmarket profiteers. It’s part of what we stump up their fees for, says Merryn Somerset Webb.