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The genius of America’s founding culture sustains her still

Stephen Michael MacLean - 27 March 2015 - US Politics

 Stephen Michael MacLean represents the Disraeli-Macdonald Institute for Organic Toryism and tweets as @OrganicTory. Anyone seeking an encapsulation of what faces American voters when they next head to the polls in the presidential election of 2016 — and, indeed, for British voters in the May general election — would do well to ...

Rejoice, the World is becoming a better place

Adam Memon - 25 March 2015 -

This article was originally published in KCL's Perspectives magazine. In a recent debate I had on the BBC World Service (CPS, 2015) with David Graeber, the anthropologist who apparently came up with the phrase “We are the 99 percent,” I quoted official figures showing big falls in extreme poverty and rises in life ...

Zero inflation is good news. For now.

Adam Memon - 24 March 2015 - Economy

Today’s news that inflation has fallen to zero, the lowest since current records began, is good news. This does mean that the UK is now likely to see a period of deflation in the coming months. The closest comparable data suggests that the last time the UK experienced deflation was ...

The red herring of departmental spending cuts

Adam Memon - 23 March 2015 - Economy

In its latest labour market update, the ONS announced that the UK’s employment rate had reached a record high of 73.3%. This latest statistic reflects the strong performance of the labour market generally with youth unemployment, long term unemployment and part-time employment all on downward trajectories. In addition, the British ...

Radical reform of the North Sea fiscal regime is essential

Angeliki Terpou - 18 March 2015 - Economy

The collapse in oil prices that we have seen since the latter half of last year has helped to push down inflation across developed economies; in the UK for example, CPI has fallen to an historic low of 0.3%. However, the key negative consequence of the fall in the oil ...

Why defence matters

Tim Knox - 11 March 2015 - Foreign Policy

"...The defence budget is one of the very few elements of public expenditure that can truly be described as essential. This point was well-made by a robust Labour Defence Minister, Denis (Now Lord) Healey, many years ago: 'Once we have cut expenditure to the extent where our security is imperilled, ...

Auto-protection: better a “drawdown default”?

Michael Johnson - 05 March 2015 - Economy

Following the CPS’s publication of the paper Auto-protection at 55, Professional Pensions published the result of a survey which sought opinions on one of the paper’s proposals, to default DC members into annuities at retirement. This produced a 70% “no” response: worth listening to. But this does not shed any ...

Britain is Taxed Enough Already

Adam Memon - 02 March 2015 - Economy

This article is taken from the fortnightly CPS Economic Bulletin. To receive emails from the CPS, subscribe using this form. When the OBR published its Economic and Fiscal Outlook in December last year, it forecast that public spending would reach 35% of GDP by 2020 under the Coalition’s plans. Many condemned ...

Greece can learn from Britain's fixed rate disasters

Andrew Alexander - 20 February 2015 - Europe

At least we are not part of the Eurozone – though it was a close run thing in 1997 and 2003 when two attempts were made to push us into the system with all the travails that would have involved.The British advice in today’s crisis is that Greece should somehow ...

There is still slack in the labour market

Adam Memon - 19 February 2015 - Economy

Yesterday’s labour market figures showed that the employment rate of 16-64 year olds has now reached a record high of 73.2%. This is quite a remarkable achievement and if we’re being picky, it is actually slightly higher than in February 2005 which was the last time it reached this rate ...

Welfare Dependency and the Size of the State

Adam Memon - 15 February 2015 - Economy

At the Autumn Statement in December last year, the Chancellor outlined his plans to reach an absolute budget surplus by 2018/19. In its latest Economic and Fiscal Outlook, the OBR forecasts that under that plan for deficit reduction, public spending will reach 35.2% of GDP. The Labour party has strongly ...

Will the OBR stop George Osborne throwing his chickens overboard?

Andrew Alexander - 11 February 2015 - Economy

We have some cause to be grateful to Robert Chote, Chairman of the Office for Budget Responsibility (and what an awesome title that is!) How could we have managed without such a lofty personage in the past? Being responsible to MPs was not enough, Chancellor George Osborne decided in 2010, ...

We need competition in rail, not 'super-monopolies'

Tony Lodge - 09 February 2015 - Public Services

This article was originally posted on Conservative Home. For those of us who campaign for better services from the rail industry the announcement from the Competition and Markets Authority late last month was very welcome: “The CMA is to undertake a project to examine the scope for increasing competition in passenger rail ...

Miliband wants another tax on pensions

Adam Memon - 04 February 2015 - Tax

At PMQs today, Ed Miliband attacked the Government for what he described as a tax loophole for hedge funds. This was quite a misleading way to describe a strategic tax cut to boost the investment management industry and ultimately make it easier to generate returns for most people’s pensions. It ...

Capitalism is making the world a better place, but the stall of democratic freedom is a threat

Lewis Brown - 04 February 2015 - Foreign Policy

The excellent Freedom in the World report, published annually by Freedom House, is an important indicator of the state of liberty in the world. And its verdict this year is a damning, if unsurprising, indictment of increasingly reactionary states:“In a year marked by an explosion of terrorist violence, autocrats’ use ...

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