Burden on business increased in 2010s by at least £6bn a year
Since 2010, successive governments have promised to cut regulation – and even claimed to have succeeded But an in-depth study by the Centre for Policy Studies of the impact assessments attached to 3,528 pieces of legislation between 2010 and 2019 finds that £35 billion in annual regulatory costs were imposed on businesses in today’s money,… View Article
Bernanke review ‘damning indictment’ of how the Bank of England is run, says Lyons
Responding to Dr Ben Bernanke’s review into the Bank of England’s forecasting processes, CPS Research Fellow Dr Gerard Lyons said: ‘Andrew Bailey may have called the Bernanke review a ‘once in a generation’ review but given the fundamental problems it highlights it should not be seen as a one-off, but more usefully as a catalyst… View Article
CPS Director responds to new CPRE research on rural housing
Responding to new analysis of the rural housing crisis from CPRE, Robert Colvile, CPS Director, said: ‘It is welcome that the CPRE has finally noticed that there is a housing crisis in the British countryside. However, the CPRE has done as much as any organisation to create that crisis, by resolutely opposing any and all… View Article
Stamp duty on shares is ‘a tax on growth’, new CPS modelling shows
First full analysis since financial crisis shows scrapping stamp duty on shares would result in significant uplift to pensions, savings and investment, at little or no overall cost to the taxpayer Abolition of the tax would increase long-run GDP by 0.2% – 0.7%, increase business investment by FTSE firms by between £2.8bn and £6.8bn, and… View Article
Pressures from record migration ‘show no sign of abating’
Home Office migration data published today and covering the whole of 2023 shows that pressures from unprecedented levels of immigration are not abating. Overall, the number of (non-visitor, non-temporary) visas issued rose only marginally (by 1%) in 2023 compared to 2022 – to a new record of 1.36 million visas. However, the underlying trend is… View Article
New population figures highlight cavernous housing deficit
Revised population projections released today by the Office for National Statistics show the population of the UK growing by 6.6 million people from 2021 to 2036. Net migration accounts for 6.1 million, or 92%, of this increase Across this 15 year period, net migration is projected to average 405,000 per annum – falling from current… View Article
Dr Gerard Lyons joins CPS as Research Fellow
The Centre for Policy Studies is delighted to announce that respected economist Dr Gerard Lyons has joined the organisation as a Research Fellow. This follows the appointment late last year of Lord Frost and Alex Morton, alongside existing Research Fellows including former special adviser Nick King and transport expert Tony Lodge. Dr Lyons will be… View Article
