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The Adam Smith Institute
The Adam Smith Institute is the UK's leading innovator of free-market policies. Named after the great Scottish economist and author of The Wealth of Nations, its guiding principles are free markets and a free society. It researches practical ways to inject choice and competition into public services, extend personal freedom, reduce taxes, prune back regulation, and cut government waste.
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A UK tax pledge?
By Dr Madsen Pirie
A reader suggests that we could use a tax pledge in Britain, similar to that promoted in the US by Americans for Tax Reform. The pledge in America is something which political candidates are invited to sign up to, promising not to vote for any tax increases. In the UK it might be turned into a promise to support the introduction of flat tax and tax simplification. British MPs are usually reluctant to limit their freedom of action by advance pledges of this nature, if only because the broken ones get thrown back in their faces (think Labour and top-up fees). However, the pledge not to increase the rates of income tax undoubtedly helped Labour to become electable in the first place. Maybe it could work here. The candidates running to lead the Conservative Party could make a good start. Feedback
Please note: as of September 2005, all comments, as well as the comment posting facility moved to our new blog.
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Adam Smith Institute Tel +44 (0)20 7222 4995
Adam Smith was the great Scottish philosopher and economist best known for "The Wealth of Nations", his pioneering book on free trade and market economics.
A wide selection of material about Adam Smith is now available on the Adam Smith website. This includes the full text of his two major works, The Theory of Moral Sentiments and The Wealth of Nations. |