Category Archives: Uncategorized

Stamp Duty receipts fall

As forecast here, Stamp Duty receipts are now lower than before Mr Osborne’s big increases in the rate of Stamp Duty on second homes, and dearer properties. Other tax receipts will also have fallen from the sharp reduction in transactions that has resulted. It means less income and corporation tax from estate agents, removal firms, […]

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Beware the draft Withdrawal Agreement

It is difficult to see why some in government are so keen for us to complete negotiating a Withdrawal Agreement. The one the EU has in mind is a one sided grab of powers and money. Some in government seem to think we need another 21 months in limbo, technically out of the EU but […]

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The Bank of England tightens money further

Over a year ago the Bank of England decided to tighten money policy considerably. It removed all the special credit lines for commercial banks designed to encourage lending. It issued stricter guidance over car loans, mortgages and consumer credit. It went on to raise interest rates from 0.25% to 0.5%. It achieved its aim, with […]

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What happened to the record temperature?

A week or two ago the media was full of stories of an exceptional heat wave that would take temperatures to new records.  We were told that we should expect drought and intense heat. A few days on and temperatures  slumped, with plenty of rain over the weekend. There has been little news reporting of […]

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Project Fear from the EU is just absurd

I guess much of the latest round of Project Fear, now in its extreme phase, comes from EU sources. They are clearly worried that we might just leave without making them a large payment and without staying in their system for another 21 months. They seem to be  trying to shock UK public opinion into […]

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Let’s spend the EU exit tax on ourselves instead – that’s a £39bn boost to us all

Here’s a paradox. Ask the UK Treasury for money for schools or social care or defence and they say there isn’t any. Ask the Treasury for more money for the EU, and they say how much would the EU like? Here’s a popular policy. The PM should tell the Treasury that the £39 billion they […]

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Going for faster growth – how the government can help

Growth mainly happens thanks to free enterprise and the opportunities of the market. Governments can help at the margin, and can hinder in so many ways if they follow anti enterprise policies. I have been arguing in recent posts for two straightforward ways the government can help. It can spend more on items like transport […]

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Getting the economy growing faster

The combined policies of a fiscal squeeze – eliminating the deficit – and monetary tightening – cutting back on car loans, mortgages and consumer credit – has predictably slowed our growth rate in recent months, as forecast here. Last year the government produced a budget where the deficit undershot by £19bn over the course of […]

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Raising productivity – a policy all claim to like in general

If we work smarter we can be paid more. That is the simple message  behind the economists’ idea of raising productivity. Today there is plenty of scope to do just this. Robotics, the digital revolution, powerful computers all allow an individual at work to have more machine power at their elbow. More of the drudgery […]

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Growing faster – cutting taxes on transactions

The government has developed a bad habit of increasing taxes on transactions. It now penalises people heavily if they buy an expensive new car. It hits anyone investing in rental accommodation for others. It penalises anyone who buys an expensive home or who needs a second home to help with their work or provide for […]

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  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, He graduated from Magdalen College Oxford, has a DPhil and is a fellow of All Souls College. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.

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