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Blogs by Daniel Mahoney

Daniel joined the Centre for Policy Studies as Head of Economic Research in November 2015. He was promoted to Deputy Director in March 2017. Prior to joining the CPS, he worked in research roles for a number of parliamentarians.

  • Why unleashing competition would deliver lower fares and greater choice to rail passengers

    Why unleashing competition would deliver lower fares and greater choice to rail passengers

    | Infrastructure
    This article was initially published in City AM on 9th January 2017The UK’s rail passengers are suffering, and will no doubt continue to do so over the coming months. Union action is bringing the network to a standstill, with further strikes planned for this week. The level of sickness leave ...
  • Keep an eye out for today’s critical Capacity Market Auction

    Keep an eye out for today’s critical Capacity Market Auction

    | Energy
    National Grid’s latest Winter Outlook suggests that the UK’s electricity margins are dangerously narrow. Without emergency measures, de-rated capacity margins for the winter of 2016/17 would be at just 1.1%. This is a result of failings by both the UK Government and the European Union (EU).A number of EU initiatives ...
  • Grade B for Hammond's last Autumn Statement

    Grade B for Hammond's last Autumn Statement

    | Economy
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. Compared to the March forecast, the Office for Budget Responsibility (OBR) is projecting an additional £122.1 billion of borrowing over the five year forecast period. Nearly half of the decline in fiscal ...
  • CPS Autumn Statement Wishlist

    CPS Autumn Statement Wishlist

    | Economy
    For this Autumn Statement, the CPS’ ‘wishlist’ focuses on six areas that could help boost supply side growth: tax reform, infrastructure, free ports, housing, energy and corporation tax exemptions.Tax Reduction and Simplification The UK’s tax code is around 21,000 pages long and has around 1,100 tax reliefs. This complexity ...
  • Will Heathrow expansion get the go ahead? The signs look encouraging.

    Will Heathrow expansion get the go ahead? The signs look encouraging.

    | Economy
    An announcement on airport expansion is imminent. The Government is set to make a final decision when the Cabinet Aviation Subcommittee meets either tomorrow (11th October) or a week on Tuesday.It is important for passengers that Heathrow expansion is finally given the go ahead, particularly as the additional future demand ...
  • The pensions triple-lock farce will have to come to an end soon

    The pensions triple-lock farce will have to come to an end soon

    | Economy
    Baroness Altmann, the former Pensions Minister, made a very welcome intervention yesterday, calling for an end to the so-called “triple-lock” on pensions by 2020. Since 2010, the triple-lock has ensured that the State pension increases by the highest of average earnings, inflation or 2.5%.There is, of course, a very strong ...
  • The Treasury's Brexit alarmism has not materialised - there's no reason to pursue looser monetary policy

    The Treasury's Brexit alarmism has not materialised - there's no reason to pursue looser monetary policy

    | Economy
    Prior to the EU referendum on 23rd June the Treasury published “the immediate economic impact of leaving the EU”, which warned of dramatic short-term consequences arising from a Brexit. It predicted that government borrowing costs would rise, economic activity would fall and a recession would become a near certainty.However, analysis ...
  • The Treasury’s Brexit claims on housing are exaggerated and an unnecessary distraction

    The Treasury’s Brexit claims on housing are exaggerated and an unnecessary distraction

    | EU Referendum
    Among a series of claims in the Treasury’s short-term Brexit analysis were some quite startling projections about the potential impact on UK house prices. Relative to a vote to remain in the EU, the Treasury’s Brexit scenario estimates that UK house prices will be between 10 to 18% lower by ...
  • If councillors reject the fracking application in Yorkshire, the Government must intervene

    If councillors reject the fracking application in Yorkshire, the Government must intervene

    | Energy
    Third Energy’s shale gas exploratory drilling application will be considered by North Yorkshire councillors today. To date, there has been a lack of exploratory drilling and hydraulic fracturing in the UK, meaning that we do not currently have a true assessment of the UK’s shale gas potential. This makes today’s ...
  • The government needs to scrap the ill-advised international aid target

    The government needs to scrap the ill-advised international aid target

    | International Aid
    The Department for International Development (Dfid) has just published figures showing the UK’s international aid budget continues to grow exponentially. While some unprotected government departments face significant spending cuts, the international aid budget grew by over £500 million in 2015, taking the collective budget to £12.2 billion. There is particular ...
  • Budget 2016: Chancellor still has get out of jail free cards

    Budget 2016: Chancellor still has get out of jail free cards

    | Economy
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here.The Office for Budget Responsibility (OBR) has revised its borrowing forecasts upwards for the five year spending review period (2016/17 – 2020/21) by £56.3 billion since the Autumn Statement. The ...
  • Budget 2016: Time to Reduce Complexity of the UK's Tax System

    Budget 2016: Time to Reduce Complexity of the UK's Tax System

    |
    David Martin’s new Centre for Policy Studies (CPS) paper “A new, simple, revenue neutral tax code” highlights the ever-increasing complexity of the tax code, which now has over 12 times as many words as the King James Bible.Our Budget 2016 ‘wishlist’ seeks to reduce the uncertainty created by tax complexity, ...
  • Are the doommongers right about the UK economy?

    Are the doommongers right about the UK economy?

    | Economy
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. The technical definition of a recession is two consecutive quarters of negative economic growth as measured by Gross Domestic Product (GDP). Since 1990, the UK has experienced two technical recessions. Consecutive negative ...
  • European Commission Proposals Threaten UK Ports Industry

    European Commission Proposals Threaten UK Ports Industry

    | Europe
    This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. Next Tuesday, the EU Parliament will debate the Ports Services Regulation (PSR), put forward by the European Commission. This could be one of the last chances for the regulation to ...
  • Spare Room Subsidy Reform has Improved Social Housing Allocation

    Spare Room Subsidy Reform has Improved Social Housing Allocation

    | Welfare Policy
    Last month, the Court of Appeal ruled that the Government’s spare room subsidy – introduced in 2013 – is discriminatory against domestic violence victims and families with disabled children needing overnight care. This case will now be considered by the Supreme Court, which is expected to deliver a judgement this ...