MENU
Your location:

Blogs in Economy

  • Boost productivity with apprenticeships

    Boost productivity with apprenticeships

    Julia Routledge | | Economy
    Low productivity is the Achilles’ heel of the British economy. Despite vigorous growth and employment levels which have defied gravity, it still jeopardises a sustainable recovery and impedes the development of better living standards. Indeed, last week’s extensive Treasury report highlighted the fact that if the UK’s productivity were commensurate ...
  • A first steps budget

    A first steps budget

    Adam Memon | | 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. “Productivity is the challenge of our time. It is what makes nations stronger, and families richer.” This first line of the Productivity Plan ...
  • We need a South-West Powerhouse

    We need a South-West Powerhouse

    Julia Routledge | | Economy
    The creation of a Northern Powerhouse is a bold and innovative pledge which seeks to empower northern cities by injecting a healthy dose of devolution into the veins of the body politic. This conurbation will undoubtedly go far to redressing the economic disparity between London and the north, but if ...
  • Britain's creaking water industry needs real competition

    Britain's creaking water industry needs real competition

    Adam Memon | | Economy
    In the Emergency Budget today, the Chancellor will outline a series of measures aimed at raising productivity. One industry which is in dire need of an injection of competition and productivity growth is water. The water industry remains relatively insulated from competition with 19 regional monopolies. They collect the water from the ...
  •  Deficit reduction is still important

    Deficit reduction is still important

    Adam Memon | | Economy
    The Emergency Budget in June 2010 set out the Coalition Government’s plans to cut the deficit and restore medium term fiscal sustainability. Excluding the publicly owned banks, public sector net borrowing reached 10.2% of GDP in 2009/10 which was £153.5 billion. With one of the largest budget deficits in the ...
  • Banking needs a fresh wave of competition

    Banking needs a fresh wave of competition

    Adam Memon | | Economy
    When Metro Bank was set up in 2010, it was the first time in 150 years that a new company had been granted a banking licence. Many of the problems in the banking sector derive from a lack of transparency, choice and competition. The number of major UK banks fell ...
  • Household Incomes, Taxes and Benefits

    Household Incomes, Taxes and Benefits

    Adam Memon | | Economy
    Yesterday we published an Economic Bulletin which examined new ONS data on household incomes, taxes and benefits. Amongst other things, the ONS data showed that 51.5% of households are receiving more from the State (in cash benefits and benefits-in kind) than they are paying in taxes. Cash benefits of course ...
  • Can SMEs solve the productivity puzzle?

    Can SMEs solve the productivity puzzle?

    Ranjavati Banerji | | Economy
    Understanding the SME productivity puzzleBritain’s productivity continues to lag behind even as the economy continues its recovery. A report by New Policy Institute demonstrates the productivity puzzle vis-à-vis the size of businesses. Previously, firms of all sizes were gaining productivity, yet post recession, while large companies show signs of improvement, ...
  • Don’t forget non-wage labour costs

    Don’t forget non-wage labour costs

    Adam Memon | | Economy
    There are some quite important changes happening in the labour market. It is clear that we are seeing a considerable tightening with the employment rate at a record high and unemployment falling to 5.5%. Unemployment is continuing to fall although at a slower pace and it may be that we ...
  • Child Poverty figures

    Child Poverty figures

    Adam Memon | | Economy
    Tomorrow’s release of child poverty figures are expected to see an increase in relative poverty. Whilst this may be disappointing, it is important to remember that the relative poverty measure is more a measure of inequality than poverty. To get a real measure of poverty we need to look more ...
  • Reforming apprenticeships will boost skills development

    Reforming apprenticeships will boost skills development

    Adam Memon | | Economy
    The Government recently announced measures which are aimed to raise the status of apprenticeships alongside reaching its aim of 3 million new apprenticeships by 2020. These measures involve, for example, taking legal action against firms which are running bogus schemes. Apprenticeships are not just a marketing tool or a helpful ...
  • Mass privatisation for mass private ownership

    Mass privatisation for mass private ownership

    Adam Memon | | Economy
    The privatisation of state owned assets is not only a useful way to raise revenue but has historically injected more competition into markets. This frees the employees of state owned assets to be more creative and is likely to lead to greater innovation and productivity enhancing changes. Harriet Maltby’s recent ...
  • How UKTI can up its game

    How UKTI can up its game

    Adam Memon | | Economy
    Given the large trade deficit which Britain faces, attention has inevitably turned towards what the Government is doing to hold back or support export growth. United Kingdom Trade and Investment (UKTI)  is the trade support body which provides advice to British companies which are looking to start exporting and to ...
  • Don’t fear an increasing minimum wage – it helps the country’s poorest

    Don’t fear an increasing minimum wage – it helps the country’s poorest

    Adam Memon | | Economy
    This article originally appeared in City A.M. "The great challenge for the government over the next five years is to raise productivity and living standards, while also continuing in its efforts to cut the deficit. Significant reform to planning, skills, tax and regulation will all be necessary. But one regulation which ...
  • So you want to hang on to RBS?

    So you want to hang on to RBS?

    Raiyan Azmi | | Economy
    The headlines everywhere from the Financial Times to the Independent and the Daily Mail say the same thing: George Osborne is planning to sell the state’s stake in RBS “at a loss”. Chris Leslie, the Shadow Chancellor, says taxpayers want their money back in full, and he’s not the only ...