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Blogs in Economy

  • 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 ...
  •  8 factual errors by Polly Toynbee in our debate

    8 factual errors by Polly Toynbee in our debate

    Adam Memon | | Economy
    On BBC News yesterday, I took part in a debate with Polly Toynbee on the latest GDP figures. Whilst at the CPS we don’t always agree with Polly’s stances, it was an absolute pleasure to meet her. She is a fair and formidable debater. Sometimes there are things we think ...
  • Good news on growth

    Good news on growth

    Adam Memon | | Economy
    Today’s figures from the ONS show that GDP grew 0.8% in the first 3 months of 2014. This is more good news for the UK. Output is 0.6% below where it was in Q1 2008 which means that it has almost reached its pre-crisis peak. Output in Q1 2014 is ...
  • No room for complacency

    No room for complacency

    Adam Memon | | Economy
    The latest figures published by the ONS on the public sector finances show improvements in the UK’s fiscal position. Nevertheless, there is much more left to do before success can be declared.For 2013/14 public sector net borrowing was £107.7 billion excluding the Royal Mail, Asset Purchase Facility and temporary financial ...
  • Productivity is still the key weakness

    Productivity is still the key weakness

    Adam Memon | | Economy
    This article is an excerpt from our fortnightly 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.Data published by the ONS on Wednesday showed the labour market continues to perform ...
  • Politicians 'misguided' on banning zero-hour contracts

    Politicians 'misguided' on banning zero-hour contracts

    Adam Memon | | Economy
    A ban on most zero-hours contracts as proposed by the House of Commons Scottish Affairs Committee would damage the flexibility of our labour market and would be detrimental to both employees and employers.The Committee criticises the insecurity felt by some people on zero-hour contracts.However, as their report also explains, the Chartered Institute ...
  • On tax cuts it's Lawson v Howe

    On tax cuts it's Lawson v Howe

    James Pilditch | | Economy
    The issue of tax cuts splits the Right between radical supply-siders who follow Nigel Lawson and more cautious deficit hawks whose intellectual inspiration comes from Geoffrey Howe.The deficit hawks argue that when we are still borrowing £108 billion this year, revenue loss from tax cuts would slow the necessary process ...
  • It is time for a fundamental rethink of how we incentivise retirement saving

    It is time for a fundamental rethink of how we incentivise retirement saving

    Michael Johnson | | Economy
    This article was originally published in City A.M. THERE is a scene in The Italian Job in which the gang is testing how to gain access to the contents of a security van. The resulting explosion destroys the vehicle, prompting Michael Caine to comment, “You were only supposed to blow the ...
  • Jobs before wind farms

    Jobs before wind farms

    Adam Memon | | Economy
    All of us feel a moral duty to protect our environment for the benefit of future generations.  As Paul Goodman on ConservativeHome wrote, our presumption is to conserve “clean water, clear air, green fields, productive farming, beautiful landscape, fine architecture and the variety and opulence of the animal world around ...
  • What happened to the Twin Deficit Hypothesis?

    What happened to the Twin Deficit Hypothesis?

    Adam Memon | | Economy
    The UK current account deficit was 4.4% of GDP at current market prices in 2013, according to ONS figures released last week. This was an increase on the deficit of 3.8% of GDP in 2012, and whilst the deficit in trade in goods and services improved to 1.6% from 2.1% ...
  • Housing benefit reform is working

    Housing benefit reform is working

    Adam Memon | | Economy
    On Friday, research carried out by the BBC estimated that 6% of the approximately 500,000 social housing tenants subject to the under-occupancy charge have moved house. Let’s be totally clear what this means; social housing tenants of working age with a spare bedroom beyond their requirements face a 14% reduction ...
  • Labour is being left behind

    Labour is being left behind

    Adam Memon | | Economy
    Today’s inflation figures show a welcome easing of price pressures. CPI fell to 1.7% in the year to February from 1.9% in January with the largest contribution to the fall coming from motor fuels. RPI fell to 2.7% from 2.8%, CPIH which is consumer price inflation that includes owner occupiers’ ...
  • A Norma Desmond Budget?

    A Norma Desmond Budget?

    Adam Memon | | Economy
    This article is an excerpt from our fortnightly 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.Norma Desmond’s retort in Sunset Boulevard (“You used to be in silent pictures. You ...
  • APD cut will help households and businesses

    APD cut will help households and businesses

    Natali Pagliari | | Economy
    Air Passenger Duty (APD), charged on all domestic and international flights departing from a UK airport, has attracted much attention in recent years for putting the UK on a less competitive footing. According to a study by PwC, the UK has the highest rate among the EU nations who apply ...