Francesca Monti's picture
Affiliation: 
Kings College London

Voting history

The “Spend Now, Tax Later” Budget

Question 2: To what extent will the “super deduction” aide the UK’s recovery from the Covid recession?

Answer:
Moderately
Confidence level:
Confident
Comment:
I agree with Martin Wolf and Peter Spencer, Paulo Santos Monteiro and Peter Smith. The super-deduction merely gives an incentive to bring investment forward, rather than postponing it in order to set the expense against the higher tax rate that is expected in 2023.

Question 1: How will the increase in the corporate tax rate from 19% to 25% affect the UK’s international competitiveness in the medium term?

 

Answer:
Moderate damage
Confidence level:
Confident
Comment:
I thought that lower corporate and personal income taxes would have been part of the UK government's strategy to reverse, to some extent, the damage inflicted by Brexit on the economy. The increase in corporate taxes would instead exacerbate the issues around international competitiveness created by Brexit. On the other hand, I guess it lends some credibility to the government's commitment to as much fiscal prudence as these unusual times permit, which could be beneficial by creating a more stable and certain economic environment in the future. On balance, these two effect could cause damage, but not necessarily very large.

The ECB’s Green Agenda

 Question 1: Which of the following actions is the most advisable approach for European Central Bank to address the environmental impact of its bond-purchasing policies?

Answer:
Banning bond purchases from industries with no clear plan to get to zero emissions by 2050
Confidence level:
Confident

Question 2: Would you support changing the ECB’s mandate to incorporate the EU’s target of carbon neutrality by 2050, if such a change is deemed legally necessary to adopt your preferred approach?

Answer:
Other or no opinion
Confidence level:
Confident
Comment:
I think the ECB's mandate, which is currently very narrowly focused on price stability, should be reviewed to account for other possible objectives that relate to climate change, but not necessarily with the wording suggested in the question.

Should We Worry About Post-Covid Inflation?

Question 2: Which of the following will be the greatest inflationary (or deflationary) force facing the UK economy?

Answer:
The growth rate of the real UK economy
Confidence level:
Not confident

Pages