Shepheard-Walwyn

Category: Blog

Tony Blair initiative to solve housing crisis

Further Reading: Ricardo’s Law by Fred Harrison Rent Unmasked by Fred Harrison No Debt, High Growth, Low Tax by Andrew Purves The Observer (3rd Dec) revealed a new initiative to tackle the housing crisis from the Tony...

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Tax Reform needed to avoid another spectacular crash

This week marks the 10th anniversary of the event that triggered the 2007/8 crisis and the ensuing Great Recession. But it need not have happened. In November 1997 Fred Harrison, author of Boom Bust and The Power in the Land, wrote to Prime Minister Tony Blair and his Press Secretary, Alistair Campbell, to warn them about a ‘housing crisis that would end up in a depression’. No notice was taken. Chancellor of the Exchequer, Gordon Brown, even boasted in each of his Budget speeches, including April 2007, that “we will never return to the old boom and bust”.

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To Tax or to Borrow?

This is the dilemma facing the British government – and many others – as they struggle to meet the rising costs of the welfare state while trying to eliminate the budget deficit. The options are either to increase taxation, never a popular move, or to increase borrowing. The cost of the former will fall on present taxpayers, the latter on future generations and the young of today who are being wooed by Jeremy Corbyn.

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