Daniel Herring

Researcher, Economic and Fiscal Policy at Centre for Policy Studies

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Articles

Labour's timid reforms won't get Britain off benefits

2 weeks ago | capx.co | Daniel Herring

Photo: Dan Kitwood/Getty Images Photo: Dan Kitwood/Getty Images The Government's plans for reducing our welfare bill are too small and barely save any money We need to rethink the fundamentals of the welfare state Even after planned reforms, health-related benefits will rise 5.3% per year throughout the 2020s Despite the political pain, Labour’s announcements on welfare come nowhere near close enough to solving the crisis of rising health-related benefits. Even after planned reforms,...
Labour just can't resist another tax, but why don't they realise that's what's stopping growth?

2 months ago | lbc.co.uk | Daniel Herring

Labour just can't resist another tax, but why don't they realise that's what's stopping growth? Labour just can't resist another tax, but why don't they realise that's what's stopping growth. Picture: LBC/Getty By Daniel Herring Keir Starmer has been at pains to say that Labour’s number one mission is economic growth. But while policy announcements are welcome, they are just that - announcements. It is the actions his government has taken that count.
Short-term thinking won't boost Britain's fortunes

Jan 13, 2025 | capx.co | Daniel Herring

Photo: Leon Neal/Getty ImagesPhoto: Leon Neal/Getty Images Rachel Reeves is in a bind on taxation We have sleepwalked into the highest tax burden for 70 years Without long-term fiscal goals, our state will only become more bloated Rachel Reeves is fast discovering the limits of how much money she can extract from the economy without raising ‘taxes on working people’. Let’s review the numbers.
Labour’s bad ideas won’t fix our tax system

Jan 13, 2025 | capx.co | Daniel Herring

Photo: JONATHAN BRADY/POOL/AFP via Getty Images Photo: JONATHAN BRADY/POOL/AFP via Getty Images With the Budget coming up, the UK’s tax competitiveness could get even worse Our tax system is less competitive than many of our G7 peers If Labour want economic growth, they need to get serious about tax reform Today, the Tax Foundation releases the 2024 edition of the , an annual ranking of how pro-growth the tax systems of 38 OECD economies are. It’s not great reading for the UK, which comes...
A warning to Reeves: These tax rises will damage UK competitiveness

Oct 22, 2024 | cityam.com | Daniel Herring

Tuesday 22 October 2024 5:26 am | Updated: Monday 21 October 2024 11:37 am A warning to Reeves: These tax rises will damage UK competitiveness Not only is the UK tax burden at record levels, but we are raising money in a more damaging way than our competitors.
Labour’s bad ideas won’t fix our tax system

Oct 21, 2024 | capx.co | Daniel Herring

With the Budget coming up, the UK’s tax competitiveness could get even worse Our tax system is less competitive than many of our G7 peers If Labour want economic growth, they need to get serious about tax reformToday, the Tax Foundation releases the 2024 edition of the , an annual ranking of how pro-growth the tax systems of 38 OECD economies are. It’s not great reading for the UK, which comes 30th.
Short-term thinking won't boost Britain's fortunes

Oct 9, 2024 | capx.co | Daniel Herring

Photo: Leon Neal/Getty ImagesPhoto: Leon Neal/Getty Images Rachel Reeves is in a bind on taxation We have sleepwalked into the highest tax burden for 70 years Without long-term fiscal goals, our state will only become more bloatedRachel Reeves is fast discovering the limits of how much money she can extract from the economy without raising ‘taxes on working people’. Let’s review the numbers.
Markets make us richer, planning doesn't

Aug 29, 2024 | capx.co | Daniel Herring

Where markets are allowed to work, we get richer – where they aren't, we get poorer Restrictive red tape has strangled our economy, leaving us all worse off Housing and energy prices have been driven up by a lack of supplyThis piece was originally published on the Centre for Policy Studies’ monthly newsletter, which you can sign up to here.
Our tax system should not be punishing parents

Jun 10, 2024 | capx.co | Daniel Herring

Picture: Getty Images The Conservatives' new pledge would help to address the unfairness of our tax system for parents The current child benefit regime distorts incentives for work and punishes one-earner families The UK taxes one-earner families at a much higher rate than France, Germany and the USThe Conservative Party’s new pledge to address the unfairness of the high-income child benefit tax charge is very welcome.
Daniel Herring: With limited headroom, simple tax changes would let Hunt unlock real growth

Jun 6, 2024 | conservativehome.com | Daniel Herring

Daniel Herring is Researcher for Fiscal and Economic Policy at the Centre Policy Studies. The most important issue for voters at this election, as at pretty much every election, is their cost of living. Indeed, one of the big reasons for the Tories’ current poll ratings is that they have taken all the blame for a global inflation shock that has left people across the world feeling significantly poorer.