Well, yes, like the idea but….. This new social economy will challenge liberal market capitalism and its ideology of neoliberalism. It will introduce a citizen’s income (CI), an unconditional, non-withdrawable income payable to each individual as a right of citizenship. To meet minimum income standards, it will be worth £10,000 per annum. A partial citizen’s income

Office for National Statistics - Provides detailed estimates of national product, income and expenditure for the United Kingdom. A key source of data on the economy, UKEA contains tables showing the main aggregates of Gross Domestic Product (GDP) and Balance of Payments (BoP), plus Income and Capital Account, Financial Accounts and Financial Balance Sheets by sector.

At long last someone at the Telegraph is starting to "get it".When a country, like a household, is in financial difficulties, it has two options: to increase income or cut spending.Essentially, that is all managing the economy is about - balancing your spending against your income. Despite all the complicated talk and waffle about "fiscal policies" and what have you, managing an economy is not roc...

Roberto Perez famously had a beer with me and confidently proclaimed that Cuba was moving towards an open source economy...one of those once in a life time amazing moments, like having the folks from Plane Stupid round your hacienda d-locking the Wall brothers to items of furniture or getting an email from Hugo Blanco (!). Doc Lawson sent me some stuff on open source as the new economic alternativ...

VAT is a tax which hits the poorest hardest. As the Fabian Society's Tim Horton has noted:The richest 10% pay one in every 25 pounds of their income in VAT; the poorest 10% pay one in every seven pounds as VAT (Source: Office of National Statistics, References here). Yet raising the income tax threshold does nothing for the poorest households.

Chris Dillow wonders whether tax cuts will have a stimulus effect on the economy . It is based on the idea that people will spend the bulk of any increment in their income. It is assumed that, if targetted at the poor, this is bound to be the case since those on low incomes tend to have to spend a high percentage of their income. However, that might not be true for the bulk of people who would ben...

FOOTBALLERS who play "in the hole" between midfield and strikers have to be quick-thinking and agile. They support build-up play when necessary and need to be there to

I’ve seen this around a bit but would love to be able to actually source it. Robert Conquest talking about the Soviet Union, the Gulags and the economy. After the rubble had been sorted through he said: “I told you so, you fucking fools”. So, anyone got the source?

How the state has grown Source: How Should Britain’s Government Spending and Tax Burdens be Measured?, 10 June 2009, David B. Smith, IEA Online Surveys & Market Research How the Pound has been devalued Source: Consumer Price Inflation since 1750,...

Here’s how we should be measuring the top marginal tax rate in a US sense: For the U.S. economy, the current top income marginal tax rate on earnings is about 42.5 percent, combining the top federal marginal income tax bracket of 35 percent with the Medicare tax and average state taxes on income and sales.