Tag Archives for deficit reduction

The regressive evolution of the UK tax base

The declining significance of progressive and business taxation demonstrates the character of ‘austerity’ In a recent SPERI paper, Jeremy Green and Scott Lavery argued that the economic recovery has been secured through processes of ‘regressive redistribution’, as quantitative easing and the suppression of wages represent a striking redistribution of wealth to asset holders and businesses, and away from low and … Continue reading

13 June 2014 by
Categories: SPERI Comment | Tags: , , , , , , | Leave a comment

‘Civic Capitalism’: sustainable development through investment

Colin Hay and Tony Payne

We need to move from private debt to public investment as the means to stimulate demand and to link deficit reduction to the promotion of growth A most urgent task for any incoming British government is to fix what is typically called the growth model.  Since the early 1990s Britain experimented with a new kind of growth model – which … Continue reading

16 January 2014 by
Categories: British growth crisis, Civic Capitalism, SPERI Comment | Tags: , , , , , , , , , | Leave a comment