Blair's stance on AV, money matters at Oxford's new school of government, and a Buffett lunch with one of the world's top investment gurusby Prospect / May 25, 2011 / Leave a comment
Published in June 2011 issue of Prospect Magazine
Liftoff: the space shuttle Endeavour, launched on its final mission on 16th May, will deliver the $2bn Alpha Magnetic Spectrometer to the International Space Station in June. The equipment will look for clues to the nature of dark matter, the material that makes up most of the universe
A question of tax
There is keen attention in Edinburgh and Cardiff on a Treasury consultation, due to wrap up in late June, exploring whether Northern Ireland should enjoy lower corporate tax rates. That would allow its businesses to compete better with those across the border in the Republic, which has a 12.5 per cent rate. Owen Paterson, secretary of state for Northern Ireland, is in favour of the idea—although there is a sting. The Treasury insists that a cut in Northern Ireland’s corporate tax rate, currently 28 per cent, could mean a cut of about £300m in the block grant from Westminster, on top of the cuts already planned (see David McKittrick). Ed Miliband is against different tax rates for different regions of Britain, and so is a recent paper from the Wilberforce Society of Cambridge University, which calls itself Britain’s “first student-run think tank.” But Scotland’s first minister Alex Salmond (see our interview) has seized on the idea, and Welsh Assembly members are eager to join in too.