Fraser Nelson gets it badly wrong in today’s Telegraph

It must have seemed like quite a discovery, when Fraser Nelson found a Department for Education report which proved “that the whole premise of Labour’s education policy – that cash matters most – was false”.

Ignore for a moment the caricature of Labour’s 13 years in government; have Deloitte (who analysed the data on which Fraser Nelson’s argument is based) really discovered that levels of funding don’t matter in improving educational outcomes?

In Defence of Quantitative Easing

In the absence of fiscal stimulus, that is an injection of government spending, and with interest rates at rock bottom, the alternative to quantitative easing is mass unemployment. We have no choice.

Fraser Nelson’s attack on 50p tax rate is full of holes

Writing in the Spectator, Fraser Nelson claims that the 50p tax rate, along with other high profile taxes on the wealthy, actually reduces tax revenue from the top percentile. The major piece of evidence he draws on is the table below. Showing the tax liability through income tax shouldered by various deciles of the tax base, he argues that as you reduce the top rate of tax, you actually collect more revenue.