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Nicholas Macpherson

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  • Saturday, 11 September, 2021
    UK tax
    Raising UK national insurance levy is good politics but bad economics

    Chancellor Rishi Sunak has announced more than £40bn of tax increases this year, nearly two-thirds of which will be borne by business

  • Wednesday, 28 April, 2021
    Greensill Capital
    Greensill meetings wasted time amid pandemic, says ex-Treasury head

    Macpherson criticism comes as former City minister suggests finance group’s collapse could cost UK taxpayers £1bn

  • Saturday, 9 February, 2019
    UK industrial strategy
    The UK must learn from its interventionist failures

    Industrial policy relies on sectoral strategies and subsidies, but that is a huge mistake

  • Friday, 23 March, 2018
    UK employment
    Pay rises will not solve Britain’s productivity problem

    The government may have declared victory on living standards, but we have been here before

  • Thursday, 22 February, 2018
    Martin Wolf
    The expensive truth about high-quality healthcare

    Politicians should admit that to keep a treasured system taxes will have to rise

  • Friday, 9 February, 2018
    UK social care
    NHS finances can be fixed by breaking with Treasury orthodoxy

    Voters like a tax earmarked for services they value. We should give it to them

  • Wednesday, 22 November, 2017
    UK public finances
    Budget 2017: Hammond passes up a chance to be radical

    The British chancellor played it safe but could still prove to be his party’s saviour

  • Tuesday, 1 August, 2017
    Brexit
    Civil servants lament Theresa May’s ‘wasted year’ over Brexit

    Mandarins accuse No 10 of stifling policy debates and alienating EU partners

  • Friday, 16 June, 2017
    UK public finances
    Now is not the time to fall out of love with austerity

    Like it or not, we cannot wish away our public finance problems

  • Wednesday, 24 May, 2017
    UK general election
    Joseph Chamberlain sets the Tories a bad example

    On the big national issues of his day, he was on the wrong side of history

  • Monday, 6 March, 2017
    Janan Ganesh
    Philip Hammond’s job is to be the slayer of bad ideas

    The UK chancellor shares the Treasury’s suspicion of grand schemes

  • Friday, 3 March, 2017
    UK Budget
    The power of political theatre explains Budget’s enduring mystique

    Some unravel, some prove historic, but all point to a promised land years away

  • Wednesday, 4 January, 2017
    Brexit
    May faces calls to appoint pro-Brexit EU ambassador

    Demands follow resignation of ‘frustrated’ Sir Ivan Rogers

  • Friday, 25 November, 2016
    UK business & economy
    Backstage power struggles in a long-running Whitehall drama

    Chancellor and prime minister are players in a rivalry to pull the economic strings

  • Thursday, 4 August, 2016
    UK honours system
    Cameron rewards Osborne in honours list

    More than 50 of former prime minister’s allies included in awards

  • Monday, 11 July, 2016
    UK politics opinion polls
    Europeans would support Scotland joining EU – poll
  • Friday, 8 July, 2016
    Currencies
    The case for Scottish independence looks stronger post-Brexit

    The decision to leave the EU changes terms of debate north of the border, writes Nicholas Macpherson

  • Tuesday, 3 May, 2016
    UK business & economy
    Civil servants censured on poor value projects

    Spending watchdog says too many initiatives are allowed to proceed unchallenged

  • Wednesday, 23 March, 2016
    Insurance
    Contest for top PRA post enters final straight

    Announcement for powerful City job expected within days after completion of interviews

  • Wednesday, 20 January, 2016
    UK banks
    FCA seeks strong leader after stormy year for financial regulator

    Chancellor and top candidate in Davos as MPs question City watchdog’s independence

  • Monday, 4 January, 2016
    fastFT
    Top UK Treasury official to leave in March
  • Friday, 21 August, 2015
    News in-depthGlobal Economy
    UK economy weathering EM turmoil but clouds gather

    Good times may not last long amid challenge over foreign demand

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