Blog

Unleashing the Sharing Economy

Adam Memon - 13 May 2015 - Economy

This article is taken from the CPS Economic Bulletin written by Adam Memon and Tim Knox. To receive it by email before it is available online, sign up here. The Sharing Economy is one of the UK’s fastest growing and most exciting sectors. It entails a host of new companies which are ...

The Triple Challenge facing Britain's Oil and Gas Sector‏

Adam Memon - 11 May 2015 - Energy

This article is taken from the CPS Economic Bulletin written by Adam Memon, Angeliki Terpou and Tim Knox. To receive it by email, sign up here. Britain’s oil and gas industry contributes about £24 billion in Gross Value Added to the economy and employs approximately 240,000 people directly and within the wider supply chain. Oil and ...

“Britain: For the Love of God, Please Stop David Cameron” – a Response

Owen Brady - 06 May 2015 - Economy

“David Cameron’s government has managed the country’s economy with stunning fecklessness” – this is the charge.Benjamin Studebaker made this claim on his blog, in a post that has gone viral, with 100,000 views, and 10,000 shares on Facebook. It certainly makes an impression, with its densely packed charts and earnest rhetoric. ...

If UKIP wants to survive it needs a Tory victory and SNP success

Lewis Brown - 30 April 2015 - Politics

It was somewhat interesting to see the English and Scottish versions of The Sun newspaper set out their different party endorsements this morning – the London-based publication prefers the Conservatives, citing one of the reasons as ‘keeping the SNP out’, while their Glasgow counterpart encouraged readers to vote for the ...

Competition can crush Crony Corporatism 

Adam Memon - 27 April 2015 - Economy

This article is taken from the CPS Economic Bulletin written by Adam Memon and Tim Knox. To receive it by email, sign up here. Competition is at the heart of what makes capitalism so effective at increasing prosperity. Companies which fear losing their customers to current or future rivals are forced ...

Green or Communist? Take the manifesto test!

Owen Brady - 22 April 2015 - Politics

The Communist Party has released their General Election manifesto, to great fanfare (well, one of their candidates got to go on Daily Politics). Without wanting to give too much away, much of it seems to be not particularly Communist, and occasionally less left-wing than the Green Party.Can you identify which ...

Nothing progressive about opposing wider asset ownership

Adam Memon - 21 April 2015 - Economy

In recent days, a variety of proposals aimed at spreading asset ownership have come under fierce criticism from so-called progressives. In particular, the proposals to extend the Right to Buy and to sell Lloyds bank shares to individuals have been condemned by people claiming to be “progressives” who care about ...

Iceland rips up the rulebook on central banking?

Owen Brady - 17 April 2015 - Economy

Iceland has had a pretty tough time, recently.Following the collapse of its banking sector in 2008, unemployment tripled and the country was forced to accept a bailout from the IMF. To add insult to injury, the country’s McDonald’s franchise shut up shop, leaving the last remaining McDonald’s meal in the ...

When a balanced budget means more borrowing

Adam Memon - 16 April 2015 - Economy

It is quite common for politicians to distinguish borrowing for current spending and borrowing for investment purposes. The Conservatives and UKIP propose to reach an absolute budget surplus by 2018/19 and Labour proposes to achieve a budget balance on current spending by 2020. When politicians only say that they want ...

Extending right-to-buy will transform the prospects of low income families

Adam Memon - 15 April 2015 - Economy

This article originally appeared in City A.M., Wednesday 15 April 2015. The centrepiece of the Conservative Party manifesto, unveiled yesterday, was a significant expansion of the right-to-buy scheme. Giving families the ability to own their own home is a wonderful thing, and extending the scheme to housing associations, as the Conservatives ...

Whatever happened to free-market UKIP?

Owen Brady - 09 April 2015 - Politics

Looking back at an interview of Nigel Farage at the IEA in 2010, it was striking to see him give such a direct, unambiguous, principled argument in favour of free trade:“If we are going to be a successful nation …, part of the 21st-century global economy, then protectionism [is] a ...

Increasing the Personal Allowance is still a powerful tool

Adam Memon - 08 April 2015 - Tax

It was mildly amusing to see the Lib Dems recently complaining that the Conservatives were claiming the credit for having increased the Personal Allowance. They seem to have forgotten that it was the Centre for Policy Studies which first proposed increasing the Personal Allowance to £10,000 back in 2001. This ...

Current Account Deficit - Reasons not to worry

Owen Brady - 08 April 2015 - Economy

The UK economy has produced some record-breaking data, according to an ONS bulletin released last week. In 2014, the current-account deficit was at its largest, by a certain measure, since records began in 1948. It was valued at 5.5% of GDP, or £98bn. A record-breaking deficit may inspire concern – ...

Time for TEE - The unification of pensions and ISAs

Michael Johnson - 07 April 2015 - Economy

Today, two disparate worlds The savings landscape is characterised by a fundamental schism.  Saving within a pensions framework provides tax relief on the way in (“EET”), whereas subscriptions to New ISAs (“ISAs”) are made with post-tax income, but withdrawals are tax-free.[1]  Consequently, ISAs are “TEE”.                                                                                                      Over the last ...

Restricting Zero Hours Contracts won't increase job security

Adam Memon - 01 April 2015 - Economy

The proposal today from Labour to give people who have worked on a zero-hours contract for 12 weeks the right to a regular contract is interesting but ultimately misguided. A flexible labour market is vital for a dynamic economy and it has kept unemployment lower than it otherwise would have ...