We in UK are amongst the most 'spare bedroomed' in the world. I did some pan european stuff on this a while back. And Europe is the most 'spare bedroomed' region in the world. UK isn't an outlier hig… (View Post)

I really don't know. I see no good answers. I guess you could remove the 0% VAT rate and charge 20% for *everything* and couple it with removing *all* pension tax benefits. That gets your tax take up… (View Post)

oooh. one of my favourite bug bears!! bear with me. Our housing problem in the UK is not one of 'shortage' it is misallocation. We have about 65M people and about 80M bedrooms in the UK. The issue is… (View Post)

he's a Goldman guy, he knows. Also UK is uniquely ill placed to handle this. 1) We tax property occupancy and transactions higher than anywhere else in the world. That is going to hurt. 2) We tax mid… (View Post)

on top of the lost-forever consumption (restaurants, travel etc.) a lot of the tangibles won't come back (fashion has lost a season), and a lot of consumption will be reassessed (cars, holidays). Thi… (View Post)