The policy proposals shown here have been developed from the earlier work of the Economic Study Association and can be downloaded from the links below. The definitions which have been adopted are not necessarily the same as in conventional economic analysis. The essence of taxation, for example, is a one-way transaction between the individual and the state. Public revenue, by contrast, is defined as the payment made in exchange for public goods and services.

These are recommendations for a coherent set of long-term changes, and not prescriptions for short term solutions. The supporting detail and analysis is contained in the main report, A New Framework for Public Finance, which can also be found on the publications page.

Summary
A brief outline of the policy proposals.
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A New Framework for Public Finance
Policy proposals for the introduction of a new system of public finance in the UK.
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Natural resources
The potential for a sovereign wealth fund based on income from natural resources.
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Levelling up
The effect of high taxation on the gradient of economic potential and inequality.
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Outcomes
An illustration of the possible outcomes for firms, households and government.
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Comments on these proposals are welcome and can be submitted by using the form on the contact page.