Britain is plagued by uncompetitive markets and a regulatory system encouraging market concentration The backslapping over the G7’s efforts to institute a new minimum global corporation tax rate last week was almost audible. The deal is a critical juncture – a signal that established economies are no longer racing to the bottom on business tax. But the palpable excitement should be cautioned: it takes far more to create [...]
Debate: Should rail firms be rewarded for running trains on time? Should rail firms be rewarded for running trains on time? Yes – Matt Gillow is a research associate at the Adam Smith Institute. Transport secretary Grant Shapps isn’t just offering incentives for operators to deliver an agreed service, but repercussions if they fail. If big rail monopolies commit to a service and fail to deliver [...]
