Blog

Is it time the UK started a Sovereign Wealth Fund?

Henry Wallbank - 22 March 2017 - 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 ...

Market-Led Solutions Can Help Raise Productivity

David Cowan - 16 March 2017 - Productivity

After last week’s Budget, we now have a clearer picture of what May and Hammond’s economic policy will look like over the next few years. Their mission is to produce a high wage, high skill economy which benefits all of the UK’s regions.Since the Financial Crisis, wage growth has stalled ...

Does Brexit ping-pong make the case for Lords Reform?

Emma Revell - 14 March 2017 - Constitution & Democracy

Manifestos have been published for what is probably one of the most distinctly British elections. It’s not the election of an MP or a councillor, the electorate is relatively small, and turnout has historically been high. March 21 will be polling day for the election of a hereditary peer to ...

How Hammond is keeping Britain open for business

Daniel Mahoney - 08 March 2017 - Tax

This article was initially published on CapX on 8th March 2017. One of the key planks of the Coalition’s competitiveness agenda was corporation tax. Although their fiscal consolidation plan involved some tax rises – particularly on VAT – the headline rate of corporation tax was cut dramatically from 28 per cent to ...

Should the UK introduce a Border Tax?

David Cowan - 07 March 2017 - Fiscal Policy

It has been widely recognised that we are living in an age defined by an ideological conflict between globalisation and nationalism. Theresa May quickly grasped the new reality after the Brexit result and has tried to follow a ‘third way’ between the two.May has also correctly identified problems which afflict ...

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

Daniel Mahoney - 06 March 2017 - 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 ...

The merits of a start-up property ISA as a solution to the housing crisis

Henry Wallbank - 06 March 2017 - Infrastructure

One welcome side effect of the current housing market is the way in which its very frustrations have acted as a catalyst for entrepreneurship. With a shortage of dynamic solutions from government, some alternatives have emerged from the world of start-ups.The best known from the world of proptech may be ...

Getting It Right on Social Care

David Cowan - 01 March 2017 - Healthcare

Next week Philip Hammond will be presenting his first Budget and he has a number of fires to put out. Over the past couple of months, one of the most pressing concerns has been the crisis in social care funding, largely caused by spending cuts to local government.Hammond is expected ...

We should celebrate the re-defining of prisons

Emma Revell - 24 February 2017 - Prisons & Addiction

Yesterday Justice Secretary Liz Truss put forward the Prisons and Courts Bill which the government’s website described as “paving the way for the biggest overhaul of prisons in a generation”. The bill includes policies to end the practice of abuse victims being questioned by their attackers in court, creates 2,000 ...

Fear based economic forecasts will hopefully be a thing of the past

Daniel Mahoney - 23 February 2017 - Fiscal Policy

It is now widely understood that the Treasury’s forecasts for economic growth projections relating to Brexit were very wide of the mark. The Treasury’s analysis “the immediate economic impact of leaving the EU” predicted, with near certainty, that the UK would experience a technical recession in the immediate aftermath of ...

A lesson from history for Bill Gates

Llew Cross - 22 February 2017 - Tax

Bill Gates would like all consumers to pay extra for products produced by robots that replace humans in the form of a tax on robots. Seems reasonable? Don’t be fooled. By levying a tax on robots of manufacturing, the cost of this tax will be passed onto the consumer through ...

Has BT got too big for its boots?

Daniel Mahoney - 17 February 2017 - 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 ...

Autonomous vehicles – the quicker they arrive on our roads, the better

Llew Cross - 09 February 2017 -

What would a world with autonomous vehicles look like?First and most importantly of all, the death toll on our roads will plummet. Why? Around 90% of accidents are caused by human error. Already new crash avoidance systems are saving lives. Autonomous vehicles remove the unpredictability of human drivers and they ...

Inadequate baseload power is an issue for the UK's energy system

Daniel Mahoney - 01 February 2017 -

Earlier this week, a former boss of National Grid claimed that the UK has enough energy capacity to meet demand. This pronouncement comes despite National Grid’s latest Winter Outlook suggesting the UK’s electricity margins are very narrow.Even if the UK is not set for blackouts, there are still some troubling developments in the ...

Further Forces scheme revisits Troops to Teachers idea

Tom Burkard - 31 January 2017 - Education

Of all the policy papers I’ve written for the CPS, none has attracted more media interest than Troops to Teachers, published in February 2008. When the US was reducing its armed forces in the wake of the first Gulf War, around 1,500 redundant personnel were retrained as teachers each year. ...