Fast Track Forward

High speed rail networks across continental Europe are developing rapidly, with the liberalisation of Eastern Europe and the unification of Germany. With the French Railways (SNCF) and German Railways (Bundesbahn) looking to expand eastwards. Britain risks being left on the sidelines as an island nation. It must look for innovative ways to rejoin Europe with high speed rail. The Labour Party's policy document "Moving Britain Into Europe - A high speed future for transport" is one possible way of bridging the gap. This paper critically analyses Labour's proposals, examines the controversy surrounding the fixed link, suggests policies for a high speed UK rail network and develops two sets of proposals for high speed services to Europe. It is also calling Government to implement feasibility studies on such proposals or to put forward its own alternatives. 

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Duty to Repeal

These modes of taxation, by stamp–duties and by duties upon registration, are of very modern invention. In the course of little more than a century, however, stamp–duties have, in Europe, become almost universal, and duties upon registration extremely common. There is no art which one government sooner learns of another, than that of draining money from the pockets of the people.

 

All taxes upon the transference of property of every kind, so far as they diminish the capital value of that property, tend to diminish the funds destined for the maintenance of productive labour. They are all more or less unthrifty taxes that increase the revenue of the sovereign, which seldom maintains any but unproductive labourers; at the expense of the capital of the people, which maintains none but productive.

So wrote Adam Smith over 300 years ago. Still the problem persists today, and even though Nicholas Gibb wrote this report into Stamp Duty two decades ago it is still pertinent today. Quite simply it is a call for the abolition of Stamp Duty.

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A Decade of Revolution: The Thatcher Years

The writers of this work examine many of the aspects in which a transformation has been achieved. The story which they collectively tell is one of a revolution: but not of a revolution complete, rather that of a revolution which is continuing. Many of them, while detailing the results already achieved, point to further progress which could be made. Thus, at the end of the first ten years of the Thatcher administration, the story they tell is one of achievement and success which continues, and for which the need continues.

You can read the full paper here.