Michael McMahon's picture
Affiliation: 
University of Oxford
Credentials: 
Professor of Economics

Voting history

Assisting Households Facing Rising Energy Costs

Question 3: Should a windfall tax be used to (fully or partially) finance support to households?

Answer:
No opinion or other
Confidence level:
Not confident at all

Question 2: Which of the following is the best way to address the impact of rising energy costs on household finances?

Answer:
Conditional/targeted transfers
Confidence level:
Confident
Comment:
In terms of the crisis, policy is not able to offset the high energy costs and so the question is how to distribute the costs. Targeted transfers can do this. And given the need to reduce energy usage to try to achieve climate goals, allowing prices to rise especially for heavier users can help too. Failing this, a lump sum transfer at least has the property of being relatively more valuable for poorer households. that it can

Question 1: Overall, which of the following best characterises how the government’s proposed energy policies will leave the average UK household over the medium term:

Answer:
No better nor worse
Confidence level:
Confident
Comment:
Over the near term, the decision has clearly been to transfer a large part of the burden of the shock to energy prices to future generations. It is not clear whether the costs of this will start to kick in in the medium run so I voted for neutral but the I think the net effect will be positive in the near term and negative in the long-run.

Levelling Up Productivity Gaps in the UK

Question 2: Which policies could best help reduce regional productivity disparities?

Answer:
Investment in skill development and education
Confidence level:
Confident

Question 1: What is the primary factor driving regional productivity disparities in the UK?

Answer:
Other or no opinion
Confidence level:
Not confident
Comment:
I think all these factors likely play a role with different areas having different rankings of the causes.

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