Fiscal Policy

Hide tag: 
Show

Funding deal can end threat of the “Barnett Squeeze”

The UK Government and the Welsh Government are currently discussing the future of a ‘funding floor’ for Wales, designed to protect the relative level of government spending per head in Wales. A new report by researchers from Cardiff University’s Wales Governance Centre and the Institute for Fiscal Studies assesses three options for the floor, and considers how such a floor might interact with the Welsh block grant after taxes are devolved to Wales from April 2018.

A landmark new report by the Wales Governance Centre (WGC) at the University of Cardiff, Government Expenditure and Revenue Wales 2016, gives the clearest picture yet of the state of welsh public finances. Guto Ifan and Ed Poole at the WGC, explain that the report shows that public sector expenditure for Wales exceeded public sector revenues by £14.7 billion in 2014-15.
 
Read More

The suggestion that an increase in the additional rate would lead to a mass migration of wealthy Scots has been widely - and rightly - criticised, says David Eiser. However, the likelihood of widespread tax avoidance by higher earners is a very real one. 
 
The SNP has been taking a lot of criticism for its failure to support a rise in the Additional Rate to 50p. 
 
Read More

Does Nicola Sturgeon’s refusal to increase the Additional Rate of Income Tax to 50p unless it is increased in the rest of the UK undermine the case for tax devolution? David Eiser argues that there were always going to be constraints on the exercise of devolved powers and incumbent governments have to decide how these relate to the wider policy context.
 
Read More

Scotland's fiscal framework: Assessing the agreement

The Smith Commission Agreement, published on 27 November 2014, set out proposals for substantial fiscal devolution to the Scottish Parliament. The Scotland Bill – due to receive Royal Assent shortly – will enshrine these powers in law.

Pages

Latest blogs

  • 16th October 2018

    Bavaria’s long-dominant party, the conservative Christian Social Union (CSU), has reached its worst election result in 60 years. As well as causing a headache for Angela Merkel, argues Patrick Utz, this political earthquake reveals Bavaria’s predicament between regionalism and populism,.

  • 15th October 2018

    As the buildup to the EU Council meeting reaches fever pitch, Richard Parry explains that deals at dawn may work in Brussels but they don't always play to the home crowd.

  • 13th October 2018

    Theresa May’s efforts to keep her DUP allies onside may, suggests Prof Nicola McEwen, end up easing Nicola Sturgeon’s path to independence following any subsequent referendum on the subject.

  • 12th October 2018

    The Commission on Justice in Wales, chaired by Lord Thomas of Cwmgiedd, will further clarify the legal and political identity of Wales within the UK constitution. Doing so, explains Prof Dan Wincott, will also bring clarity to the enduring significance of other territorial legal jurisdictions.

  • 11th October 2018

    The Brexit and Environment network has spent the last year researching the implications of Brexit for environmental policy, with a particular focus on the devolved nations, which are all too often overlooked in these debates. They have developed three reports that detail their findings from meetings with stakeholders in Scotland, Wales and Northern Ireland, and they bring together insights from these in an overarching UK report. In this blog post, they summarise their key findings and recommendations.

Read More Posts