Attention Economy


Sunday, November 27, 2022

Economic and Policy Challenges Facing UK

How Britain’s economic woes stack up against Europe’s – a close look at the figures
https://www.theguardian.com/business/2022/nov/19/britain-economic-woes-europe-figures-uk-inflation
No-growth Britain is poorer than we think, but it’s not too late to change
https://www.telegraph.co.uk/news/2022/11/20/no-growth-britain-poorer-think-not-late-change/ 


The migration system is broken and too few are honest enough to admit it
https://www.telegraph.co.uk/news/2022/11/01/migration-system-broken-honest-enough-admit/
 
High taxes and ‘no future’ spark fears of mass exodus of young Britons
https://www.telegraph.co.uk/business/2022/11/27/high-taxes-no-future-spark-fears-mass-exodus-young-britons/
Scores of highly skilled workers may soon wonder if they would be better off elsewhere 

Should the better-off pay more for everything?
https://www.spectator.co.uk/article/should-the-betteroff-pay-more-for-everything/
Lionel Shriver notes:
Britons take this profoundly socialist tax structure for granted. Yet when I tell my American compatriots that the British start confiscating about half your earnings above $59,000 – less than Americans’ average personal annual income of $66,755, currently taxed federally at 22 per cent – their jaws hit the floor. US brackets are much more graduated (10, 12, 22, 24, 32, 35, and 37 per cent), and that top band only kicks in at income of more than half a million bucks – or about £450,000. Now, hold the envy; federal income tax doesn’t include state and local (between zero and 16 per cent) or property, Social Security and Medicare taxes. Still, in the UK we also pile on National Insurance, council tax, stamp duty, a stonking 20 per cent sales tax, and the highest air passenger duty in the world.