Economic devolution is a powerful tool that can be used to promote economic growth and development in regions that have been neglected in the past. It is a process that involves transferring economic power and decision-making from a central government to local or regional authorities. The idea behind economic devolution is to give local authoritiesContinue reading “Docklands’ Devolution Success”
Tag Archives: conservatives
Britain’s Decline: 1950-79
John Maynard Keynes revolutionised the Economics profession. Through developing the foundations for the New Keynesian consensus that occupies policymakers today. However, successive Labour and Conservative governments stuck religiously to the Keynesian demand-management model, neglecting the supply-side performance of the economy that continuously lagged behind its peers. Heavy government intervention, a key tenant of the originalContinue reading “Britain’s Decline: 1950-79”
Failure of Trussonomics
What promised a refreshing start for Britain has since ended in disaster. Truss campaigned to revitalise our stagnant economy, ripping back regulations, and transform Britain from a high-tax, low-wage economy to one of low taxes and prosperity. The markets rejected a wholly un-conservative budget from Kwasi Kwarteng, leaving a collapsing pound and forcing the BankContinue reading “Failure of Trussonomics”
Terrific Trickle-down Economics?
‘Tax cuts for the rich!’ A cry consistently echoed by those against reducing top tax rates. ‘Trickle-down economics,’ a phrase first uttered by President Franklin Roosevelt in the depths of the Great Recession, despite no economist in history supporting this line of reasoning. Unfortunately, the facts suggest otherwise. Reducing top tax rates from punitive levels,Continue reading “Terrific Trickle-down Economics?”
Free Marketeer 