Taxpayer Value: Rolling back the state

Written by | Tuesday 13 July 2010

Response to the Emergency Budget

Written by | Thursday 24 June 2010

Estimated revenue losses from CGT increases

Written by | Sunday 20 June 2010

The Party is Over

Written by | Friday 11 June 2010

Re-Booting Government

Written by | Wednesday 9 June 2010

The Effect of Capital Gains Tax Rises on Revenues

Written by | Saturday 22 May 2010

Treasury forecasts: the tendencies and consequences of inaccuracy

Written by | Thursday 6 May 2010

In this study, Liam Ward-Proud analyses the accuracy of Treasury budget forecasts for GDP growth by comparing them with the ensuing growth. Examining three different types of forecast, some key trends are found in relation to the correlation, absolute errors and a bias towards overestimation in the sampled forecasts. The consequences for fiscal planning are then spelled out and a solution for mitigating the damage of inaccurate forecasting is put forward.

Download PDF

Why Britain needs an Economic Responsibility Act

Written by | Wednesday 28 April 2010

This briefing calls on the next government to pass an Economic Responsibility Act, which would place legally binding restraints on government’s fiscal policies. Specifically, it would: (1) cap government spending at one-third of GDP; (2) cap the budget deficit at 3% of GDP; (3) cap the national debt at 40% of GDP; (4) require that off-balance-sheet obligations were fully calculated and openly stated; and (5) allow government to borrow only to invest in capital projects, not to fund current expenditure.