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Blogs in Economy

  • On the minimum wage

    On the minimum wage

    Adam Memon | | Economy
    Last week I wrote a piece for CapX which examined ways to help low paid workers. I argued that cutting the tax burden and improving productivity would drive long term real wage growth, allow people to keep more of what they earn and reduce price pressures. I also argued that ...
  • The North East does not fit the Northern Powerhouse model

    The North East does not fit the Northern Powerhouse model

    Raiyan Azmi | | Economy
    George Osborne has been busy. Less than a week after being re-elected in his constituency Tatton, which lies just south of Greater Manchester, he made the trip to the North again to present an extension of his plans to create a Northern Powerhouse. Speaking in Manchester, he foretold dramatic improvements ...
  • Unleashing the Sharing Economy

    Unleashing the Sharing Economy

    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. The Sharing Economy is one of the UK’s fastest growing and most exciting sectors. It entails a host of new companies which are ...
  • “Britain: For the Love of God, Please Stop David Cameron” – a Response

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

    Owen Brady | | 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. ...
  • Competition can crush Crony Corporatism 

    Competition can crush Crony Corporatism 

    Adam Memon | | 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 ...
  • Nothing progressive about opposing wider asset ownership

    Nothing progressive about opposing wider asset ownership

    Adam Memon | | 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?

    Iceland rips up the rulebook on central banking?

    Owen Brady | | 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

    When a balanced budget means more borrowing

    Adam Memon | | 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

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

    Adam Memon | | 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 ...
  • Current Account Deficit - Reasons not to worry

    Current Account Deficit - Reasons not to worry

    Owen Brady | | 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

    Time for TEE - The unification of pensions and ISAs

    Michael Johnson | | 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

    Restricting Zero Hours Contracts won't increase job security

    Adam Memon | | 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 ...
  • 5 mistakes from Lucy Powell

    5 mistakes from Lucy Powell

    Adam Memon | | Economy
    Yesterday, Andrew Neill interviewed Lucy Powell, Labour’s campaign coordinator, on the Sunday Politics. It was certainly quite a tense exchange with Powell accusing Neill of conducting a “Paxo-style interview.” However, it is not usually a good sign when a politician complains about tough interview questions and is unable to provide ...
  • Zero inflation is good news. For now.

    Zero inflation is good news. For now.

    Adam Memon | | 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

    The red herring of departmental spending cuts

    Adam Memon | | 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 ...