Treasury needs to make full expensing permanent, urges CPS
The Chancellor should make full expensing permanent at the forthcoming Autumn Statement. Doing so would raise long-run investment, and increase real wages and economic growth Permanent full expensing is a vital step in counteracting Britain’s chronically low rate of capital investment, which was 20% lower than the OECD average in the decade before the pandemic… View Article
Increasing number of asylum seekers being granted work permits due to backlogs
Karl Williams, Deputy Research Director at the Centre for Policy Studies, spoke to Sky News about asylum seekers who have been in the UK for over a year and their right to work – a policy that is making Britain more attractive to migrants. He said “There was perhaps a case for it when there… View Article
Future of Britain depends on closing the generation gap, warns CPS
The gap between young and old has become the defining political and economic issue of our time, argues a new essay collection from the Centre for Policy Studies ‘Justice for the Young’ sets out the staggering extent of the challenge facing the country in paying for an ageing population while delivering a better life for… View Article
CPS responds to the King’s Speech
Responding to the King’s Speech, Robert Colvile, Centre for Policy Studies Director, said: ‘It was welcome to see the Government adopting many of the policies recommended by the Centre for Policy Studies – tackling low-quality degrees, introducing minimum service requirements during strikes, supporting domestic energy production, confirming Britain’s membership of the CPTPP trading pact and… View Article
“Growth-throttling tax system” needs reform
The newly published briefing note on the UK’s poor tax competitiveness from the CPS Research Director and Head of Tax Tom Clougherty was covered in media. The report was picked up by the Telegraph, firstly in a piece focusing on errors in OBR growth forecasts, and secondly by The Spectator’s Kate Andrews in her regular… View Article
Corporation tax increases hammer UK tax competitiveness
The UK ranks 30th out of 38 OECD countries in the 2023 edition of the International Tax Competitiveness Index, published annually by the US-based Tax Foundation. This is down three places from 2022. The UK ranks second for its cross-border tax rules, but comes 26th for individual taxes, 28th for corporate tax, and 35th for… View Article
CPS fringe makes headlines at Conservative Party Conference
The programme of events held by the CPS and CapX at Conservative Party Conference made headlines across the board. The BBC highlighted our panel debating the future of the greenbelt Lord Frost’s comments on the Bank of England were picked up in the Daily Mail and City A.M. i newspaper speculated on a future leadership… View Article
Home Secretary quotes CPS, calls for UN refugee reform
The Home Secretary Suella Braverman will make a speech today raising the question of whether international agreements on refugees and asylum need modernising. The speech, given to the American Enterprise Institute in Washington, will reference ‘Stopping the Crossings’, a CPS report by Karl Williams and Nick Timothy published in late 2022, and the figures from… View Article
Unleash power of ownership to boost security and wellbeing, says Redwood
Ownership is at the heart of conservatism but the country is at risk of forgetting lessons learned after the Second World War ‘The Power of Ownership’ by Sir John Redwood MP warns that the UK is at risk of slipping back into nationalised industry, government-directed companies, and reliance on Whitehall to generate solutions Instead, politicians… View Article
Nutrient neutrality reforms “a win-win”
CPS Head of Communications Emma Revell has written for the Daily Express on changes to nutrient neutrality, saying government is in part able to make the necessary reforms as a result of Brexit. “Some scaremongers have said the Government is “ripping up” environmental rules. But what it’s actually doing is ditching European rules and designing… View Article
Nutrient neutrality reforms ‘badly needed’ says CPS Director
Responding to the government’s announcement on planned reforms to nutrient neutrality laws, Robert Colvile, Director of the Centre for Policy Studies, said: ‘These reforms are badly needed. As we and others have repeatedly warned, the crude and unworkable interpretation of the original ECJ ruling on nutrient neutrality has blocked and delayed a huge number of… View Article
CPS research fellow joins calls to scrap stamp duty on shares
CPS research fellow Nick King is quoted on the front page of City A.M. Tuesday 29th August calling for the abolition of stamp duty on shares. King, author of recent CPS paper ‘Retail Therapy’ which looked at how to boost share ownership in Britain, told the paper “Imposing stamp duty on the buying of shares… View Article
CPS quoted alongside Ofgem as price cap falls
As Ofgem announced the lowering of the Energy Price Cap (EPC) from October, the CPS’ Energy and Environment Researcher Dillon Smith welcomed the fall but warned the cap was still not fit for purpose. Dillon’s comments were quoted by The Telegraph, the i paper, the New Statesman, and The Guardian, among others, and his recent… View Article
Energy Price Cap fall ‘does not disguise the need for change’
Responding to a fall in the Energy Price Cap, Dillon Smith, CPS Energy and Environment Researcher and author of ‘The Case Against the Energy Price Cap’, said: ‘While a fall in the energy price cap is welcome, today’s announcement does not disguise the need for change. The cap was designed for yesterday’s market and is… View Article
Ovo boss backs ‘radical’ price cap reform
Ovo boss Raman Bhatia told City A.M. the energy price cap needs “radical” redesign before winter, echoing comments earlier in the week from Ofgem Chief Exec Jonathan Brearley. Both energy bosses echo the recommendations of recent CPS report ‘The Case Against the Energy Price Cap’ – available to read here – which argued the cap… View Article
Ofgem boss backs price cap review
In an interview with the Guardian newspaper, Ofgem Chief Executive Jonathan Brearley has signalled his support for reviewing the energy price cap. Last week, the Centre for Policy Studies published a briefing paper – ‘The Case Against the Energy Price Cap’ – which argued that the cap was harming the market and costing consumers more… View Article
