Centre for Policy Studies
@CPSThinkTank
Leading British think tank, promoting enterprise, ownership & opportunity. Sign up to our newsletter 🔗 http://cps.org.uk/signup/
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✈️ 'The new data does confirm the anecdotal evidence that has been building up over a number of years that ambitious young people feel overtaxed, under pressure from the cost of living, don't see a solution to that in the UK and have been moving abroad.' CPS Research Director…
“I don't quite understand how she said she is not going to increase the welfare state, that is literally what this budget did.” The budget showed how Reeves did a “u-turn” on fiscal policies for her job security, says Sunday Times's, @RColvile @HugoRifkind | @MeganeKenyon
By @CPSThinkTank estimate, the income tax/NI threshold freeze is now the largest tax rise in at least the last 60 years - £66.6 billion cumulative cost.
New ONS migration data has British nationals broken down by age band for the first time. Around 53% of the net outflow is aged 16-24, and 46% aged 25-34. Goodbye, Nick (30)...
We are borrowing too much. We are spending too much. This budget has failed to change any of that, it's just made it a lot worse. @rcolvile reacts to the Chancellor's announcement ⬇️
Striking - and depressing - that none of the tax reform measures jointly called for by @CPSThinkTank, @ASI, @CenTaxUK, @IPPR, @WeAreBrightBlue, @jrf_uk, @DanNeidle @NEF, @LabourTogether appear to have been included. As last year, it's all hikes, no reform...
Tax rises now. Spending cuts later. Rachel Reeves is doing what Chancellors before her have done, what the fiscal rules *encourage* her to do, making policy to meet the fiscal rules, NOT which actually improve the economy. Britain's Budgets are broken
As we wait for Rachel Reeves to stand up in Parliament in few hours time, check out @rcolvile's thread on our latest briefing - Britain's Broken Budgets 👇
On Wednesday, Rachel Reeves is going to stand up and lie to the public. She's not unique. Every Chancellor does. That's because, as a new @CPSThinkTank report shows, our Budget system is fundamentally broken. (1/?)
Why haven't fiscal rules worked? They're too short-term for strategic thinking but too long-term for real accountability - and chancellors can design them to suit themselves. Daniel Herring, our Head of Economic Policy, explains ahead of Wednesday's Budget ⬇️
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