{"id":42993,"date":"2018-09-05T08:50:25","date_gmt":"2018-09-05T07:50:25","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=42993"},"modified":"2018-09-05T08:50:25","modified_gmt":"2018-09-05T07:50:25","slug":"the-ippr-commission-on-economic-justice-good-micro-but-its-still-a-shame-about-the-macro","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/09\/05\/the-ippr-commission-on-economic-justice-good-micro-but-its-still-a-shame-about-the-macro\/","title":{"rendered":"The IPPR Commission on Economic Justice: good micro but it’s still a shame about the macro"},"content":{"rendered":"

The IPPR Commission on Economic Justice<\/a> reported yesterday. There has already been some reaction<\/a>. There is much to like in the report. I highlight this on corporation tax:\"\"<\/a><\/p>\n

And this on alternative minimum corporation taxes, an\u00a0idea lifted from me:<\/p>\n

\"\"<\/a><\/p>\n

This I broadly support too:<\/p>\n

\"\"<\/a><\/p>\n

I would charge CGT on final disposal of a property at the end of life, but the rest I can endorse, wholeheartedly.<\/p>\n

As I would this:<\/p>\n

\"\"<\/a><\/p>\n

And this:\"\"<\/a><\/p>\n

And this, which is green quantitative easing by any other name:<\/p>\n

\"\"<\/a><\/p>\n

There is then much to like. But I retain my concerns. The macroeconomics of this report remain\u00a0wrong. I can't beat about that. This is Labour's fiscal rule being endorsed:<\/p>\n

\"\"<\/a><\/p>\n

I can only groan with despair<\/a>.<\/p>\n

Whilst the section on the MPC targetting is something I have also taken issue with before<\/a>.<\/p>\n

In its micro\u00a0detail this report makes good progress.<\/p>\n

I just wish the left got macro. Until it does we will not make real progress.<\/p>\n","protected":false},"excerpt":{"rendered":"

The IPPR Commission on Economic Justice reported yesterday. There has already been some reaction. There is much to like in the report. I highlight this
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-42993","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/42993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=42993"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/42993\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=42993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=42993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=42993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}