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Blogs in Economy

  • There is no case for abandoning austerity to splurge on public sector pay

    There is no case for abandoning austerity to splurge on public sector pay

    Daniel Mahoney | | Economy
    This article was published by the Telegraph on 13th July 2017.The decision to keep a lid on public sector pay increases was absolutely the right one. Most obviously, the government that introduced a freeze in public sector pay followed by a 1 per cent cap in 2013 had, just a few years earlier, inherited a budget ...
  • Macronomics: The Hand of the State Vs. the Invisible Hand

    Macronomics: The Hand of the State Vs. the Invisible Hand

    Timothe Buffet | | Economy
    With an unemployment rate at 9.9% in the last quarter of 2016, a GDP growth rate at 0.3% in the first quarter of 2017, and a chronic public deficit, France’s new president, Emmanuel Macron is expected to deliver on economic reforms.Macron intends to create a ‘new model of growth’ centred, ...
  • It’s all about the economy now

    It’s all about the economy now

    Tim Knox | | Economy
    This piece was originally published by the Times Red Box.Theresa May may have her mind on other things at the moment but assuming that she wins on June 8 she will soon have to confront what is arguably the greatest responsibility of any prime minister: ensuring that the British economy ...
  • Will reversing Capital Gains Tax cuts do more harm than good?

    Will reversing Capital Gains Tax cuts do more harm than good?

    Jennifer Speedie | | Economy
    Earlier this week, Jeremy Corbyn made a pledge to introduce 10,000 new police officers in England and Wales, the equivalent of one new police officer for every electoral ward. In a bid to finance the expansion in law enforcement, Labour has revealed plans to reverse cuts to Capital Gains Tax ...
  • There is still no money left, so we should praise - not demonise - Theresa May for fiscal discipline

    There is still no money left, so we should praise - not demonise - Theresa May for fiscal discipline

    Robert Colvile | | Economy
    This piece was originally posted by the Telegraph. Yesterday, on The Andrew Marr Show, the presenter peppered Theresa May with questions about public spending. Don’t nurses deserve a pay rise? How can benefits continue to be cut? Why won’t she fund schools properly? Implicit in each was a request - almost a ...
  • Implications of the new ‘Gig Economy’

    Implications of the new ‘Gig Economy’

    Jennifer Speedie | | Economy
    In recent years, there has been a shift away from traditional 9-5 working hours with self-employed workers now making up 15% of the workforce and over 900,000 people working under zero-hours contracts. This rise in the ‘gig’ economy, defined as a ‘labour market characterised by the prevalence of short-term contracts ...
  • Is it time the UK started a Sovereign Wealth Fund?

    Is it time the UK started a Sovereign Wealth Fund?

    Henry Wallbank | | Economy
    A British sovereign wealth fund is hardly a new concept in British politics. In 2014 Lord Hodgson argued that the government could launch a wealth fund with the proceeds from fracking. It received a degree of support from then Chancellor George Osborne, but progress since then has been, as Hodgson ...
  • There's no need for Treasury giveaways to help the just about managing

    There's no need for Treasury giveaways to help the just about managing

    Daniel Mahoney | | Economy
    This article was initially published in City AM on 6th March.On the steps of Downing Street, Theresa May outlined the core of her political strategy: “If you are just about managing, I want to address you directly”. The just about managing – the so-called JAMs – saw their cost of living significantly squeezed in ...
  • Has BT got too big for its boots?

    Has BT got too big for its boots?

    Daniel Mahoney | | Economy
    This article was initially published on CapXThis is a vitally important year for the UK’s mobile phone industry. Ofcom will be auctioning off a new allocation of spectrum that will be used by mobile phone companies to offer additional internet services to customers. The first auction will supplement the current ability of ...
  • Barnett formula woes demand a fiscally autonomous solution

    Barnett formula woes demand a fiscally autonomous solution

    Llew Cross | | Economy
    Current criticisms of the Barnett formula revolve around the way the funding is distributed to the home nations. In particular, that Scotland receives around 20% more per person than in England, while politicians in Wales complain that they are being short changed. While there is a need for change to ...
  • Overregulation of the sharing economy will make us all poorer

    Overregulation of the sharing economy will make us all poorer

    Llew Cross | | Economy
    Governmental regulation of new technologies and the attempted suppression of new competition to favour incumbent operators will make us all poorer. The booming sharing economy is bringing choice to consumers, new income streams to individuals, and incredible competition to over regulated incumbents.New technologies – through the sharing economy - have ...
  • 80% of fund management industry redundant

    80% of fund management industry redundant

    Michael Johnson | | Economy
    The Financial Conduct Authority (FCA) is to be congratulated on its recent interim Asset Management Market Study. Its robust, independent and damning evidence skewers any justification that active fund management of listed assets is worth the candle.The consequences for the asset management industry are potentially devastating, but radical surgery is ...
  • Grade B for Hammond's last Autumn Statement

    Grade B for Hammond's last Autumn Statement

    Daniel Mahoney | | 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 ...
  • Balancing the Budget Should Remain a Priority after the Autumn Statement

    Balancing the Budget Should Remain a Priority after the Autumn Statement

    Alexander Fiuza | | Economy
    When Philip Hammond was appointed Chancellor of the Exchequer and signalled that he was dropping Osborne’s targets, there was much talk of an end to austerity. Parts of the media portrayed it as a repudiation of austerity’s goals, rather than a recognition that the targets wouldn’t be met. The government ...
  • CPS Autumn Statement Wishlist

    CPS Autumn Statement Wishlist

    Daniel Mahoney | | 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 ...