The economy and Brexit – a tangled tale

  • 28 April 2016
  • From the section Business
Vote Leave sign Image copyright Getty Images
Image caption Leaving the EU would mean the UK saw faster growth, lower prices and a larger economy, Economists for Brexit argue

Today eight economists have struck out against much mainstream economic thinking and suggested that the UK economy would flourish outside the European Union.

The Economists for Brexit argue that if the Vote Leave campaign is successful on 23 June, the UK can look forward to faster growth, lower prices and a larger economy.

They are up against formidable opposition - what those who support Britain remaining in the EU call the "consensus view" that the UK would be poorer if Brexit were to happen.

The group that make this argument includes the Bank of England, the Treasury, the International Monetary Fund, the Institute for Fiscal Studies and the London School of Economics.

The studies they have produced are indeed substantial and serious.

Read full article The economy and Brexit – a tangled tale

For Osborne, bad economic news could be good news

  • 26 April 2016
  • From the section Business
Muhammad Ali (L) (born Cassius Clay) and George Foreman in Kinshasa Image copyright Getty Images

When Muhammad Ali beat George Foreman in 1974's Rumble in the Jungle it wasn't until the eighth round knock-out that everyone suddenly realised what Ali was up to.

His "rope-a-dope" strategy of letting the more powerful Foreman punch himself to a standstill resulted in Ali winning a fight many had predicted, and the first seven rounds had suggested, he would lose.

Read full article For Osborne, bad economic news could be good news

Ford: 'We assume Apple is working on a car'

  • 25 April 2016
  • From the section Business
Media captionFord boss Mark Fields says its "working assumption" is that Apple is building a car.

Ford is in the technology business.

Yes, it makes cars but that is now only part of its operations.

Read full article Ford: 'We assume Apple is working on a car'

Is Obama’s pro-EU stance 'economically literate'?

  • 21 April 2016
  • From the section Business
Barack Obama Image copyright AFP

For a country with a current account deficit approaching 7% of gross domestic product - Britain - America is good news.

The UK exports £47bn worth of goods and services a year to America, Britain's most important single trading partner.

Read full article Is Obama’s pro-EU stance 'economically literate'?

Treasury says income tax could rise if UK leaves EU

  • 18 April 2016
  • From the section Business
HM Treasury sign Image copyright Reuters

The Treasury has revealed the full range of its analysis of the possible economic costs of the UK leaving the EU.

Its report suggests that leaving the EU could mean that the UK economy would be 6% smaller by 2030.

Read full article Treasury says income tax could rise if UK leaves EU

UK economy 'could be 6% smaller' after EU exit, warns Treasury

  • 17 April 2016
  • From the section Business
British notes and coins Image copyright PA

Britain's national income could be 6% smaller by 2030 if the UK leaves the European Union, a major report by the Treasury will say.

The 200-page report says the size of the cut in gross domestic product would be the equivalent of about £4,300 a year for every household.

Read full article UK economy 'could be 6% smaller' after EU exit, warns Treasury

Five EU nations launch tax crackdown

  • 14 April 2016
  • From the section Business
A sign announcing the 2016 spring meetings of the International Monetary Fund and World Bank Image copyright AFP

The five largest economies in the European Union have agreed to share information on secret owners of businesses and trusts.

It is a concerted attempt to show their leaders are responding to public concern over the Panama Papers leak.

Read full article Five EU nations launch tax crackdown

On Brexit, IMF is speaking Osborne’s language

  • 12 April 2016
  • From the section Business
International Monetary Fund Managing Director Christine Lagarde Image copyright AFP
Image caption The IMF's Spring Meeting is expected to see further warnings on Brexit risk from Christine Lagarde

In economics - once called the "dismal science" - there are very few definites.

Predictions are couched in conditionals - could, might. Facts in a world driven by unpredictable human behaviour are hard to nail down.

Read full article On Brexit, IMF is speaking Osborne’s language

Is David Cameron a tax avoider?

  • 10 April 2016
  • From the section Business
Protesters taking part in a demonstration calling for the resignation of British Prime Minister David Cameron Image copyright EPA
Image caption Revelations about David Cameron's financial affairs have led to street protests

One person's tax planning is another person's tax avoidance - so whether David Cameron's tax affairs are controversial or not is really a matter of where you stand on the payment of tax.

Most tax accountants would advise a wealthy family on "gifts" - payments of money - to their children and how to ensure they are not liable for inheritance tax by making payments in tranches to avoid breaching tax thresholds.

Read full article Is David Cameron a tax avoider?

Piketty: EU should welcome one million immigrants a year

  • 7 April 2016
  • From the section Business
Thomas Piketty with microphone Image copyright Getty Images

He is the French economist who shot to international fame following his 2013 book, Capital in the Twenty-First Century, which dealt with inequality in the modern world.

Now Thomas Piketty has launched a new crusade - an attempt to change the debate on mass immigration, which he describes as an economic good.

Read full article Piketty: EU should welcome one million immigrants a year