Assets are easier to identify than profits and in the last decade they have increased hugely in value

In-depth analysis and debate of the highlights from this year's Budget

The middle classes need to mobilise politically before it's too late

The markets are currently a fast-changing place. Here, experts give their take on how to manage money in an environment shaped by the deficits of the “rich” world

Water and taxes

Europe's welfare states are squeezed between rising demand and the declining readiness of taxpayers to finance it. The result is big deficits, slow growth, and dissatisfaction with the welfare services on offer. Robert Skidelsky recommends a return to the liberal…

After the tax cuts of the 1980s, the tax debate in the 1990s has become more subtle. The uproar over VAT on fuel has challenged the view that indirect tax is less politically sensitive than direct tax. Meanwhile, the left…