Journals

Before joining the European Commmunity, Britain supported its farmers by a system of 'deficiency payments'.

Corporation Tax in the UK has undergone fundamental revisions since its inception in 1965-so much so that the present system bears very little resemblance to the original proposals

While distributional considerations are paramount in the design of personal taxation, they are virtually absent from discussions about company taxation.

Local government finance has suddenly become the most acute fiscal problem of the early 1980's in Britain.

I am pleased to report that the financial position of the Council continues to be strong and stable.

Domestic rates have long been one of the most unpopular taxes, partly-it seems-because they are levied directly on households rather than being collected by deductions at source from employment income or indirectly in the prices of consumption goods.

The increasing relative size of the local government sector over the last thirty five years is reasonably well known.

The basic dilemma for any government is how to get more employment without also generating more inflation.

The great attraction of tax-based incomes policies is that insofar as they are successful they cause the socially desirable outcome to be an equilibrium one, compatible with the self-interested behaviour of economic agents.

The most intractable problem of the British economy has been wage-inflation.

The nationalised industries' performance was unsatisfactory during the 1970s.