The government will be a big winner from the sky high oil and gas prices. The profits of the U.K. producers will be swollen . The U.K. charges a windfall rate of Corporation tax on these profits at twice the normal rate. Then there is the big surge in… read more
The government will be a big winner from the sky high oil and gas prices. The profits of the U.K. producers will be swollen . The U.K. charges a windfall rate of Corporation tax on these profits at twice the normal rate. Then there is the big surge in… read more
The Business Secretary needs to think again. Industry runs on gas. You need lots of gas to make steel, fertiliser, ceramics, cement, bricks, tiles and many other materials and products. In due course there will be ways of using more electricity from r… read more
The Business Secretary needs to think again. Industry runs on gas. You need lots of gas to make steel, fertiliser, ceramics, cement, bricks, tiles and many other materials and products. In due course there will be ways of using more electricity from r… read more
Please see below the slides from my lecture at All Souls College, Oxford, titled ‘There is no Independent Central Bank’: Slide 1 – Three common propositions The main Central Banks are independent. They are staffed and led by experts in economies and m… read more