Paul Johnson

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Last quote by Paul Johnson

A large part of what government does is to take money from young workers and give it to pensioners. Without high net immigration the public finances would be in a worse state. If we were significantly to reduce the number of EU migrants, we would have to borrow more, raise taxes or spend less.feedback
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Sep 09 2017 Immigration
This page is completely dedicated to what Paul Johnson has to say. All of Paul Johnson’s quotes are organized here by date and topic. The most recent quote attributed to Paul Johnson came from an article called Tennessee guesses right on final 2-point attempt, topples Georgia Tech: “He pitched it late, but he kind of had to throw it out there. If we do it right, he could have still pitched it and the guy would have had a race to the end zone.”.
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Paul Johnson quotes

Mar 11 2017

There are clearly some who think that the appropriate thing to do is to allow stuff to be passed along the generations because it had been bought out of taxed income in the first place and you don't want to tax it again. That is probably the majority views I suspect. There are others who take very much the opposite view.feedback

Mar 11 2017

Clearly the stock market has risen. To the extent that there are any shares being inherited, that is going to have an effect. Inflation is a bit higher and the inheritance rate threshold is fixed so that would help. Obviously anyone who has assets overseas they are worth more in pounds terms, I don't know if that [is having an impact]. But I assume housing must be driving a lot of it because that is a very high fraction of what is inherited. It is one of those taxes where people have very different fundamental ethical views.feedback

Mar 09 2017

That's nine years to grow as much as it would normally grow in one. Fifteen years without a pay rise. I'm rather lost for superlatives. This is completely unprecedented.feedback

Mar 09 2017

What the OBR is saying is that despite that truly dismal record all of the productivity – and with it earnings growth – we would normally expect has been lost forever. This remains the big story of the last decade: a decade without growth, a decade without precedent in the UK in modern times.feedback

Nov 25 2016

One cannot stress enough how dreadful that is – more than a decade without real earnings growth. We have certainly not seen a period remotely like it in the last 70 years.feedback

Nov 24 2016

We spend less on research and development than most of our competitor economies, so that does hold us back. You kind of know what kinds of roads work and where to build them. We've struggled for decades and probably a century to work out what the right thing to do on the education system is.feedback

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