Fiscal Policy

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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.
 
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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. 
 
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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.
 
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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.

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  • 12th December 2018

    Although the N-VA has insisted it left the Belgian government to pursue ’principled opposition’ those principle are, says Coree Brown Swan, at the very least informed by a strategy that allows it to maintain policy influence from outside government while countering the electoral threat posed by a resurgent Vlaams Belang.

  • 12th December 2018

    Conservative MPs who offer their Unionism as the basis of their rejection of the Withdrawal Agreement have a very particular understanding of both the Union and Conservatism, says Jack Sheldon.

  • 11th December 2018

    Theresa May's public recognition of the realities of the Norther Irish border in her Commons speech withdrawing the Meaningful Vote was, says Jonathan Evershed, much too little and far too late.

  • 29th November 2018

    The Centre has welcomed a Pat Cox, former President of the European Parliament (2002-2004), as new member to its advisory board.

  • 19th November 2018

    Disagreements between the UK, Welsh and Scottish Governments are about more than inter-party rivalry, says Nicola McEwen, they reflect a very real disagreement about how policy can be made - and by whom.

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