Monthly Archives: April 2009

Martin Sandbu’s opening salvo: is there a long-term case for higher taxes?

By Martin Wolf

Does the financial crisis change anything fundamental in the age-old debate about public expenditure and taxation? I would argue that it does not do so.

What the crisis means in the UK is that the public finances are now on an unsustainable path: national income is substantially and, quite probably, permanently lower than people used to think; the amount of revenue taken by the existing tax system out of any given national income is lower than expected; and public spending is permanently higher than people thought, largely because the stock of debt will be bigger.


Arena is no longer updated but it remains open as an archive.

Is there room for morals in finance?

The FT's Arena blog is a forum for the debates of the times. Its latest discussion is on money and morals. Is there room for morals in finance? Share your views. Click on Comment to add your contribution.

Related links:
Video series: Money and morals
In depth: London fights for its future
Global financial crisis

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