Blog

Overregulation of the sharing economy will make us all poorer

Llew Cross - 12 January 2017 - Economy

Governmental regulation of new technologies and the attempted suppression of new competition to favour incumbent operators will make us all poorer. The booming sharing economy is bringing choice to consumers, new income streams to individuals, and incredible competition to over regulated incumbents.New technologies – through the sharing economy - have ...

Why unleashing competition would deliver lower fares and greater choice to rail passengers

Daniel Mahoney - 11 January 2017 - Infrastructure

This article was initially published in City AM on 9th January 2017The UK’s rail passengers are suffering, and will no doubt continue to do so over the coming months. Union action is bringing the network to a standstill, with further strikes planned for this week. The level of sickness leave ...

House prices set to flatline in 2017, but what about the homeless?

Anamika Patel - 14 December 2016 - Poverty

The UK is currently at the centre of a major housing crisis. However, according to industry forecasts, the British property market’s post-crash boom will come to a halt in 2017 when house prices flatline after five years of increase. Property firms have forecasted that economic uncertainty would lead to weaker ...

A Prospectus for Boosting Productivity

Alexander Fiuza - 13 December 2016 - Productivity

It is uncontroversial that the UK has been burdened with low productivity growth. In fact, productivity only returned to its pre-2008 level in the second quarter of 2016, meaning productivity growth has been 17% below the pre-2008 trend. This has important repercussions, because productivity is a vital part of the ...

The UK’s new foreign aid agenda: will it really be mutually beneficial?

Anamika Patel - 08 December 2016 - International Aid

Priti Patel, the newly appointed Secretary of State for International Development, has advocated an aid policy that is ‘mutually beneficial’ to both developing and developed countries. Whilst Patel claims that her objective is challenging and changing the global aid system so that it properly serves the poorest people in the ...

Keep an eye out for today’s critical Capacity Market Auction

Daniel Mahoney - 06 December 2016 - Energy

National Grid’s latest Winter Outlook suggests that the UK’s electricity margins are dangerously narrow. Without emergency measures, de-rated capacity margins for the winter of 2016/17 would be at just 1.1%. This is a result of failings by both the UK Government and the European Union (EU).A number of EU initiatives ...

Time to Consolidate Government Departments?

Alexander Fiuza - 05 December 2016 - Fiscal Policy

The government is committed to seeking better value for money, but an obvious source of common-sense savings has been ignored. There are 25 ministerial departments in the government, far more than is necessary; in 1980 the government had far more power, but there were only 18 departments. Many perform roles ...

The Shale Revolution Comes to Nottinghamshire

Alexander Fiuza - 01 December 2016 - Energy

In the land where the apocryphal Robin Hood once harried a Sherriff, a new chapter of British history is being written. Nottinghamshire County Council recently approved a planning application by IGas  to drill exploratory shale gas wells. If they are found to be viable then IGas will seek to tap ...

The Future of UK’s trade relations: NAFTA, the EU customs union or simply a bilateral agreement?

Anamika Patel - 29 November 2016 - EU Referendum

During the U.S. Presidential campaign, Donald Trump vowed to leave the North American Free Trade Agreement (NAFTA) unless it was improved to his liking. Although not much has been claimed about what exactly this entails, critics of the deal argue that NAFTA is to blame for job losses and wage ...

80% of fund management industry redundant

Michael Johnson - 28 November 2016 - Economy

The Financial Conduct Authority (FCA) is to be congratulated on its recent interim Asset Management Market Study. Its robust, independent and damning evidence skewers any justification that active fund management of listed assets is worth the candle.The consequences for the asset management industry are potentially devastating, but radical surgery is ...

Grade B for Hammond's last Autumn Statement

Daniel Mahoney - 25 November 2016 - Economy

This article is taken from the CPS Economic Bulletin. To receive the bulletin to your inbox before it is published online, subscribe here. Compared to the March forecast, the Office for Budget Responsibility (OBR) is projecting an additional £122.1 billion of borrowing over the five year forecast period. Nearly half of the decline in fiscal ...

Balancing the Budget Should Remain a Priority after the Autumn Statement

Alexander Fiuza - 24 November 2016 - Economy

When Philip Hammond was appointed Chancellor of the Exchequer and signalled that he was dropping Osborne’s targets, there was much talk of an end to austerity. Parts of the media portrayed it as a repudiation of austerity’s goals, rather than a recognition that the targets wouldn’t be met. The government ...

CPS Autumn Statement Wishlist

Daniel Mahoney - 22 November 2016 - Economy

For this Autumn Statement, the CPS’ ‘wishlist’ focuses on six areas that could help boost supply side growth: tax reform, infrastructure, free ports, housing, energy and corporation tax exemptions.Tax Reduction and Simplification The UK’s tax code is around 21,000 pages long and has around 1,100 tax reliefs. This complexity ...

Research as a catalyst for socio-economic progress

Saagar Dattani - 27 October 2016 - General

The degree of success Research and Development (R&D) funding has had in fostering innovation, economic growth, competitive advantages, and labour productivity has historically varied depending on the specific business sector which funding is directed towards. Nonetheless, longstanding academic rhetoric and field outcomes suggests that advocating R&D does have a positive ...

Will Heathrow expansion get the go ahead? The signs look encouraging.

Daniel Mahoney - 10 October 2016 - Economy

An announcement on airport expansion is imminent. The Government is set to make a final decision when the Cabinet Aviation Subcommittee meets either tomorrow (11th October) or a week on Tuesday.It is important for passengers that Heathrow expansion is finally given the go ahead, particularly as the additional future demand ...