Trump Has a New Auto Loan Tax Break. Here’s Who Could Benefit.
Many Americans can take advantage of President Trump’s deduction on auto loan interest, but the tax break will provide only modest savings.
Whether it’s a ‘productivity puzzle’ or the ‘British disease’, the UK economy has been underperforming for decades
Maridav/ShutterstockHistory does not repeat itself, but it rhymes – and economic history is no exception. In 1964, a Labour government came to power in the UK with a pledge to curb inflation and to deliver growth. The growth plans were short lived. In 2024, in a cost-of-living crisis, Labour again won an election with a promise to “kick-start economic growth”. Only 18 months in, and plans have stalled again.
What if we taxed what people spend, not what they earn?
FXQuadro/ShutterstockWhen people talk about tax fairness, the focus is almost always on income. How much the rich earn, how heavily that income should be taxed, and how to make sure lower earners are protected. But there is an older idea that is quietly starting to get attention again. What if taxes were based not on what people earn, but on what they spend?
Trump Administration Downplays A.I. Risks, Ignoring Economists’ Concerns
The administration has downplayed concerns — from mass job losses, to a potential financial bubble — as President Trump cheers soaring stock prices and faster growth.
The politics of the hyper-polluting private transport used by the world’s super-rich is hotting up
Roman Abramovich's super-yacht Eclipse. Bulent Demir/ShutterstockWhile millions of people make the effort to sort their recycling, buy fewer clothes and generally make greener choices, the world’s wealthiest can emit the same amount of carbon as the average person does in a year by going on holiday just once.
Minutes of the Meeting of the Court of Directors held on 28 October 2025
The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.
How ChatGPT could change the face of advertising, without you even knowing about it
Summit Art Creations/ShutterstockOnline adverts are sometimes so personal that they feel eerie. Even as a researcher in this area, I’m slightly startled when I get a message asking if my son still needs school shirts a few hours after browsing for clothes for my children.
FEDS Paper: The Effect of Liquidity Constraints on Labor Supply: Evidence from Interest Rate Ceilings
Kabir Dasgupta, Brenden J. MasonWe exploit the spatiotemporal variation in US states’ interest rate ceilings on small-dollar loans to identify the effect of liquidity constraints on labor supply. Exogenously-capped interest rates lead to consumers being shut out of the market for cash loans. In response, labor supply increases by approximately 0.4 hours per week. We also find that the propensity to take personal leaves decreases.
Could Settlers of Catan make you a better strategist?
Marcelo Ferrari/PixabayChristmas is just around the corner, and you might be wondering how to spend those long, lazy afternoons. If you’re tired of the same old Monopoly, perhaps it’s time to try Settlers of Catan.
The cost of chocolate is soaring, but blaming cocoa prices doesn’t give the whole picture
Dmitr1ch/ShutterstockFamiliar bars of chocolate have been getting more expensive, and often smaller. Is this really just because cocoa has become more expensive, as is often claimed in the media?
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