It also concluded that property taxes were the highest in the EU.
Well, that\’s true. The UK gets a larger chunk of its tax revenue from property than any other OECD country in fact. Twice the average. So we can\’t say that property is undertaxed…..
On the cost of flying, it adds: “Aviation is taxed more than in any other member state via air passenger duty.”
Indeed, APD is well above the Stern Review numbers for emissions and really ought to be reduced.
Other problems which are hitting economic growth are identified as the high costs of childcare and the poor skills of many workers.
Childcare is the fault of the last lot. Trying to wipe out the informal sector through regulation has led to costs spiralling. And skills and education? 93% of the people are educated by the State.
Even Adam Smith thought that there was an argument in favour of at least some State involvement here: being in a country that is universally literate is a public good. The problem being of course that the current system doesn\’t actually provide universal literacy….