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The Return of Big Government

Advanced economies are increasingly using fiscal policy to drive interventions, signalling a return to big government. This series delves into this new era of increased defence spending, the shift to green economies and the tax dilemmas facing lawmakers

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What happened to the wealth tax?
Proposals have struggled politically but some economists say the idea is due a resurgence
The ‘eye-watering’ cost of ending the peace dividend
Defence ministers increasingly fear voters will not accept the high price of military deterrence
The $100tn path to net zero
In the absence of a global carbon tax, the green transition could prove politically expensive
Big government is back. How will we pay for it?
Countries are spending heavily on defence, welfare and the green transition. With debt levels already high, taxes look certain to rise