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Economy

What are the best ways to improve our tax system for everyone?

Why are chocolate-covered shortbread and plain shortbread taxed differently? The UK’s VAT system is full of bizarre inconsistencies that make it complex, inefficient, and unfair. In this episode, we dive into how VAT works, why economists tend to love it in theory, and why the UK’s version falls short in practice. We explore zero and reduced rates, exemptions, myths about regressivity, and discuss how simplifying VAT could make it fairer and less distortionary. In the fourth and final episode of our tax mini-series, Helen, Ben and Stuart look at how to fix one of the UK’s most important and misunderstood taxes. Become a member: https://ifs.org.uk/individual-membership Find out more: https://ifs.org.uk/podcasts-explainers-and-calculators/podcasts Hosted on Acast. See acast.com/privacy for more information

United Kingdom
Economy

The End of Endless Growth: Should We Put the Brakes on Economic Expansion? (Kate Raworth)

What if growth wasn’t the main goal for economic prosperity? Kate Raworth, the author and economist behind Doughnut Economics, tells Amol why she thinks that measuring success by GDP growth is unsustainable, immoral, and an unfit economic model for the 21st century. Kate’s thesis goes against centuries of economic consensus and has radical ideas for how to overhaul the system by prioritising nature and wellbeing. She argues that real abundance is possible, but only if we learn from nature and...

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