UK tax policy

UK Private School Fees Jumped 22% — But Parents Still Paid

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Last year the Government introduced VAT on private school fees and ended their business rate exemption. I wrote about this at the time. That blog was widely read — which says something about the demographic of my readership. The question I asked then was about price elasticity of demand. What is Price Elasticity of Demand? … Read more

The Wealth Tax Mirage: Why Reeves Won’t Wave Labour’s New Magic Wand

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Another Magic Wand The latest “big idea” in economics is wealth taxes. The claim: Britain’s collapsing public services and messy finances exist because the rich don’t pay enough, and governments are too timid to act. I’m always suspicious of these kinds of fads. The right had its laffer curves, trickle-down theory and efficient markets. The … Read more