The British economy is beset by poor productivity - and it is about to start putting a real squeeze on growth. Its effects have been cushioned by high employment, but with few workers left to add to the Labour market, the only way to boost GDP is to improve productivity. With his deficit target under threat from productivity downgrades, the Budget represents the Chancellor's best chance to tackle the problem.Read More
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 long overdue.
Daniel Mahoney and Tim Knox provide a detailed examination of the UK final Autumn Statement.
Often justified in terms of being “affordable” in a world where the current cost of government borrowing is extraordinarily low, advocating high levels of infrastructure spending is firmly in fashion.
Brexit provides a new trade opportunity for Britain: the creation of Free Ports, writes Rishi Sunak MP.
The State Pension is facing fiscal calamity. Total spending on it has increased by 25% since 2010-11. Michael Johnson urges the Government to take action.
Labour’s plans on infrastructure, welfare, employment legislation, tuition fees and shale gas could cost every household nearly £17,500 in just one parliamentary term.
New proposals to address tax avoidance by multi-national corporations could, unintentionally, delay or cancel much-needed UK infrastructure and real estate development.
Earlier this month a ‘perfect storm’ of circumstances caused electricity prices to rise to record highs with National Grid close issuing an emergency ‘Notice of Insufficient Margin’ to call on extra power.
The recent publication of the Savings (Government Contributions) Bill confirmed that the Government intends to press ahead with the Lifetime ISA, to be launched in April 2017. This is welcomed.
The UKâ€™s strengths will mean that London continues to be Europeâ€™s leading financial services centre.
On 1 September the BBC TV licence fee will be extended to the iPlayer. The licence fee is however bad for the BBC and bad for customers â€“ and it should be abolished.
The Governmentâ€™s record in reducing dependency on the State is strong, but there is plenty more to do..
The UKâ€™s softening fiscal stance opens up the very real risk of a further loosening of monetary policy, whereby inflation is used as a way of dealing with the Governmentâ€™s debts.