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Won’t anybody think of the kids?? It’s tax-raising time ahead of the Budget, and ideas doing the rounds include reducing the generosity of tax reliefs on pension contributions (income tax/employer NICs) & tax reliefs on lump sums. You can raise a lot of cash this way. BUT… [1/8]

Britain faces a pivotal moment. Our infrastructure is creaking, public services are collapsing, and we are falling behind other countries in the race to decarbonise. We can’t afford another lost decade. We need to start investing in the future.

Just published the "tax longlist" - 29 ways Rachel Reeves could raise £22bn. I've tried to cover every serious proposal that's out there. This thread will be *long*.

The most useful way AI could be integrated into search would be an algorithm that de-ranks pages that have been clearly written by AI.

🛫Will scrapping the non-dom tax break cause the rich to leave the UK? This week’s New Economy Brief looks at the evidence which suggests the fears of capital flight are overblown. In fact, there is a strong economic case for ambitious reform: neweconomybrief.net/the-digest/non…

I prefer 2004's organic, bottom-up rage at UK interference in US elections to 2024's confected, top-down version. theguardian.com/world/2004/oct…

Excellent thread, full of detail on what needs to change (and what is looking unlikely to change) in the UK tax system in the wake of today's Budget announcements.

Agree that the investments announced today are a positive start, but more will be needed. Though today's fiscal rules leave room for this, and there's an argument for sequencing announcements so bond markets can digest borrowing and planning reforms can (hopefully) reduce costs.

Important to recognise that until recently Labour's industrial strategy was criticised as "Bidenomics without the money"- so far less (short-term) inflationary. Yes, Bidenomics problematic (when coinciding with geopolitical factors), but unclear that Labour's strategy compares.

💰One-off wealth taxes: what can we learn from history? Nick O'Donovan TODAY on the Economics Observatory👇 buff.ly/3TcHTgs