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Blogs in Economy

  • Collective DC pensions: Suspect and superfluous

    Collective DC pensions: Suspect and superfluous

    Michael Johnson | | Economy
    This article first appeared in CSFI’s Financial World magazine, 1 July 2014.  This year politicians have promoted pensions to top billing, with both the recent Budget and the subsequent Queen’s Speech containing pensions-related initiatives. But the response to them could hardly have been more different. The Budget’s liberalisation concerning ...
  • Falling dependency but still too high

    Falling dependency but still too high

    Tim Knox | | Economy
    This article is an excerpt from the CPS Growth Bulletin, written by Adam Memon and Tim Knox. To read the full article, click here. To sign up for our mailings, use the form on the left of our newsletter page.The latest ONS data release on the effects of taxes and benefits on household ...
  • Labour's alarming corporation tax pledge

    Labour's alarming corporation tax pledge

    Adam Memon | | Economy
    In April next year, the corporation tax rate is due to fall to 20% and if Labour wins the next election, the party has promised to increase it to 21%. It is a harmful policy at odds with the academic literature, most businesses and Labour’s own business policy review.However, today Ed ...
  • Capitalism for the people

    Capitalism for the people

    Vuk Vukovic | | Economy
    I had the privilege of attending the Margaret Thatcher Conference on Liberty (#Liberty2014) organised by the Centre for Policy Studies (CPS) this week. It was an international conference held in London's historical Guildhall to celebrate the 40th anniversary of the foundation of the CPS by Sir Keith Joseph and Lady Thatcher. It featured a series of ...
  • Excellent employment but weak wages

    Excellent employment but weak wages

    Benjamin Judge | | Economy
    Last week’s labour market statistics showed phenomenal employment growth in the UK over the last quarter. Between February and April 2014 there were 30.54 million people aged 16 and over in work, 345,000 more than the previous quarter. When compared to the same period a year earlier, there was an ...
  • Collective DC: the least worst option?

    Collective DC: the least worst option?

    Michael Johnson | | Economy
    Pensions and politics rarely mix, pension changes usually producing more losers than winners.  That said, the recent Budget’s liberalisation in respect of annuitisation may prove to be an exception. Politically shrewd, no doubt, but we are unlikely to ever know for sure whether it really was in retirees’ best interests. ...
  • George Monbiot’s Planet of Perpetual Poverty

    George Monbiot’s Planet of Perpetual Poverty

    James Pilditch | | Economy
    In a recent piece for The Guardian, George Monbiot has reasserted his hatred for economic development. Whilst his endeavours to draw attention to the abuses of the natural environment are admirable, his rather disappointing belief in Neo-Malthusianism is utterly unworthy of serious consideration.In his article, Monbiot paints a bitter picture ...
  • Why 495 is the magic number...

    Why 495 is the magic number...

    Adam Memon | | Economy
    In our latest Growth Bulletin, we argued next month’s labour market figures are likely to show a contraction in real wages in the year to April. Since then, the ONS inflation release showed that CPI in the year to April was 1.8% which is up from 1.6% in March. As ...
  • Coalition heading for difficult figures?

    Coalition heading for difficult figures?

    Adam Memon | | Economy
    This article is an excerpt from our Growth Bulletin, authored by Adam Memon and Tim Knox. To read the full article, click here. To sign up for our mailings, use the form on the left of our newsletter page.Whilst this week’s labour market figures contained good news for employment, there are clear signs that the ...
  • Three own goals from Labour this morning

    Three own goals from Labour this morning

    Adam Memon | | Economy
    Labour issued a press release this morning claiming that new HMRC data shows the UK recovery is not working for most people. However, the HMRC data actually shows that in relative terms the poorest are better off now than last year.The share of post-tax income has increased for the bottom 50% ...
  • We do not need 80% of active management

    We do not need 80% of active management

    Michael Johnson | | Economy
    CPS pensions expert Michael Johnson writes on the Local Government Pension Scheme. This article originally appeared in the Financial Times on Monday 12 May 2014. Recently, robust, independent and damning evidence emerged that skewers any justification that active fund management of listed assets is worth the candle. For dispassionate observers, it has ...
  • The Last Superhero

    The Last Superhero

    Kieron O'Hara | | Economy
    The left has always thrived on hero-worship: Marx of course, but also Gramsci, Chomsky, Žižek and various omniscient others whose scribblings, preferably written in the Higher Gibberish, are pored over to find irrefutable proof of the imminent collapse of capitalism and the deep immorality of anyone who would rather not ...
  • 30 years of French Mansion Tax

    30 years of French Mansion Tax

    Gaspard Koenig | | Economy
    Gaspard Koenig is a French liberal author and politician. He founded the French think tank 'Génération Libre', in 2012. You can follow him on Twitter @gaspard2012.Viewed from France, the maturity of the UK economic debate is impressive. From the taxi driver to the Labour MP, everyone seems to understand the basics of market ...
  • SuperEntrepreneurs v Piketty

    SuperEntrepreneurs v Piketty

    Adam Memon | | Economy
    Thomas Piketty’s book Capital in the Twenty-First Century which argues that capitalism is threatening democracy has become an Amazon bestseller and reached an audience most economists could only dream of. Piketty’s book serves as a rallying call for supporters of new, eye-wateringly high taxes on income and capital and it ...
  • Miliband’s rent control won’t work

    Miliband’s rent control won’t work

    Adam Memon | | Economy
    Ed Miliband will today announce a plan to introduce a form of rent control as part of his broader cost of living crisis message. Such a policy would be self-defeating as it would push up rents and hit young families and the poorest hardest. Labour wants to ban price rises above ...