Treasury

How Philip Hammond’s National Insurance hike affects the ‘gig economy’

12 March 2017 10:00

You might argue that the self-employed enjoy less security than the employed, so it’s fair they contribute less; you might…

Philip Hammond’s small print won’t save him from a Tory backbench revolt

9 March 2017 9:21

George Osborne was famous in Westminster when Chancellor for laying large ‘elephant traps’ for Labour using Treasury policy. He was…

What the papers say: Philip Hammond’s broken promise

9 March 2017 9:03

Philip Hammond is feeling the heat this morning. This was supposed to be the ‘boring’ budget, with no headline-grabbing announcements or…

As it happened: Philip Hammond’s first – and final – spring Budget

8 March 2017 14:20

Philip Hammond has finished his Budget announcement. The stand out points? £2bn in funding for social care – although only…

What’s in Philip Hammond’s Budget box?

8 March 2017 9:03

Philip Hammond doesn’t do box office. Unlike his predecessor George Osborne, he doesn’t do burgers either, with his austere pre-budget…

A business rates rise benefits nobody

4 March 2017 12:00

I campaigned hard for a business rates review, and even tried to claim credit for it — or at least…

What the papers say: Britain’s soaring EU budget bill shows Brexit can’t happen soon enough

14 February 2017 8:43

We’ve heard that Brexit could cost Britain billions in the form of a divorce bill from Brussels. But what is…

We no longer have a pensions system, just a mess caused by the Treasury

10 January 2017 11:52

Back in the 1980s, when I was embarking on a lifetime of sweat, toil and tears in order to bring home…

Donald Trump is right to take action against China

10 January 2017 11:33

It’s a mistake to think of Donald Trump as a protectionist, as Boris Johnson will have discovered during his recent…

George Osborne’s stamp duty hike is starting to bite the Treasury

8 December 2016 13:06

The existence of the Laffer Curve can be proved by thought-experiment alone. If a government levies an income tax rate…

What the papers say: Boris’s ‘indiscreet’ way with words and Project Fear comes unstuck

17 November 2016 8:32

In the run-up to the referendum, the Treasury warned that unemployment would rise by half-a-million. Today, this prophecy comes in…

Don’t listen to the doom-mongers: A rise in inflation isn’t some kind of crisis

18 October 2016 12:10

It takes quite a determined Cassandra to see the rise in Consumer Prices Index (CPI) from 0.6 per cent in…

The Treasury’s ‘Hard Brexit’ warning shows Project Fear isn’t over yet

11 October 2016 9:45

Can someone please tell HM Treasury that the referendum is over? During that campaign, it made history by producing a…

The Brexit bounce continues – ten forecasters up their predictions for 2016 growth

21 September 2016 12:49

The Brexit bounce continues. HM Treasury has today released forecasts of the economists it follows, as it does every month.…

Mark Carney clashes with Jacob Rees-Mogg over BoE’s Brexit warnings

12 July 2016 13:12

Jacob Rees-Mogg and Mark Carney’s clash at this morning’s Treasury Committee was a masterclass in passive aggressiveness veiled in pleases…

George Osborne ditches ‘Project Fear’ as he breaks his Brexit silence

27 June 2016 7:55

George Osborne has turned his back on ‘Project Fear’ after finally breaking his Brexit silence. The aim of his speech…

Mark Carney uses interest rate decision to put the boot in over Brexit again

16 June 2016 12:36

The Bank of England’s decision to keep interest rates pegged at 0.5 per cent won’t surprise anyone. What is more…

Bank of England Brexit bust-up shows the referendum campaign is getting nastier

16 June 2016 9:21

With a week to go until the referendum, nerves are running high in both the ‘Leave’ and ‘Remain’ campaigns. This…

Why Brexit wouldn’t leave voters out of pocket

8 June 2016 13:22

The Treasury says that the cost of the UK leaving the EU would be £4,300 per household – but compared…

The Treasury’s Brexit forecast is ludicrous. We’re better off out of the EU

4 June 2016 8:30

Leaving the EU should boost pay and create more jobs. Spending our own money on our own priorities ensures that…

Brexit might cause a short-term shock but it won’t be as bad as the Treasury makes out

23 May 2016 17:07

There’s already quite a wide consensus around the basic assumption of the Treasury’s latest report that there would be a…

The Treasury’s Brexit short-term impacts analysis: A bit high, a lot political

23 May 2016 16:46

The Treasury’s analysis of the short-term impact of Brexit offers us two scenarios for the two years following the referendum: a base ‘shock’…

The Treasury dishes up more Brexit fearmongering. Will it work?

23 May 2016 7:58

It’s now exactly one month until the EU referendum and the Treasury has marked the moment with another economic warning…

Today’s inflation figures tell us nothing about Brexit. Why does the Treasury pretend otherwise?

17 May 2016 12:16

We’re now at the stage in the EU referendum debate where every announcement is explained in terms of its relationship…

The IMF serves up more Project Fear – and it’s working

13 May 2016 13:18

Another day, another warning about the economic bombshell which would follow Brexit. This time it’s the turn of the IMF.…