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FACTSHEET 1: The scale of the official debt and deficit

FACTSHEET 1: The scale of the official debt and deficit

Ryan Bourne - Economy

In this factsheet, our Economics Researcher Ryan Bourne discusses the scale of the government’s official deficit and debt.

Ten Points for Growth

Ten Points for Growth

Charlie Elphicke MP - Economy

In this Pointmaker, Charlie Elphicke MP sets out 10 short-term policies to stimulate the economy.

Five Fiscal Fallacies

Five Fiscal Fallacies

Tim Morgan - Economy

In this Pointmaker, Tim Morgan analyses the five fiscal fallacies propagated by opponents to spending cuts.

Self-sufficiency is the Key: Addressing the public sector pensions challenge

Self-sufficiency is the Key: Addressing the public sector pensions challenge

Michael Johnson - Economy

In this paper, published by CPS Research Fellow Michael Johnson, in anticipation of the Hutton review on public sector pensions, Johnson showed that taxpayers should not be liable for plugging the £10 billion annual shortfall in public sector pensions and that the key principle of public sector pensions reform should be self-sufficiency.

Pain Aversion: Addictive, but no basis for medium-term economic policy

Pain Aversion: Addictive, but no basis for medium-term economic policy

Jon Moulton - Economy

In this paper, Jon Moulton argues that more strenuous and rapid cuts in government spending are needed.

Abolish NICs: Towards a more honest, fairer and simpler system

Abolish NICs: Towards a more honest, fairer and simpler system

David Martin - Economy

David Martin shows how, in the near future, only 6% of benefits will be paid on a contributory basis – and thus the time has come to recognise that the contributory principle has faded away. He recommends that NICs should be merged with income tax.

A Shower, Not A Hurricane: the modest nature of the proposed cuts

A Shower, Not A Hurricane: the modest nature of the proposed cuts

Tim Morgan - Economy

In this Pointmaker, Tim Morgan argues that despite the level of cuts being described as swingeing, savage or draconian, that they are, in fact, modest, considering the 53% real terms increase in government spending between 1999-2000 and 2009-10.

More Producers Needed: Why tackling workless households can lead to growth

More Producers Needed: Why tackling workless households can lead to growth

Peter Warburton and Joanna Davies - Economy

In this paper, the authors put forward a range of detailed policy proposals, including greater regional pay flexibility for public sector workers, the localisation of the benefit system and the curtailment of benefits.

Conditions for Growth: What government can do to promote long-term growth

Conditions for Growth: What government can do to promote long-term growth

John Llewellyn and Bimal Dharmasena - Economy

In this paper, the authors argue that the long-term growth rate can be increased and is best achieved through reform of structural policies which could lead to a cumulative increase in GDP of between £80 billion and £120 billion by 2020.

Simplification Is the Key: Stimulating and unlocking long-term saving

Simplification Is the Key: Stimulating and unlocking long-term saving

Michael Johnson - Economy

In this detailed paper, CPS Research Fellow Michael Johnson calls for a radical simplification of the UK’s savings framework.

Be Bold For Growth

Be Bold For Growth

Paul Ormerod and Paul Diggle - Economy

In this paper the authors questioned the limits of economic wisdom and argued for government economic policies based on political boldness.

Go for Growth: Cut taxes to cut debt

Go for Growth: Cut taxes to cut debt

Michael Forsyth and Corin Taylor - Economy

In this paper, the authors recommend a programme of targeted tax cuts, aimed at restoring economic growth and regaining tax competitiveness.

Quantitative Easing: Lessons from history

Quantitative Easing: Lessons from history

George Trefgarne - Economy

In this paper, George Trefgarne shows that, while quantitative easing has been a success in the short term, it contains many risks: it has already added £14 billion to the National Debt and could be even more expensive in the future; it could undermine the pound; it is having a serious impact on pension deficits and annuities.

Re-empower the Bank of England

Re-empower the Bank of England

Sir Martin Jacomb - Economy

In this paper, Sir Martin Jacomb, criticises the failings of Gordon Browns attempts in 1997 to reform the bank of England, offering suggestions on how to empower the bank.

The Hidden Debt Bombshell

The Hidden Debt Bombshell

Brooks Newmark - Economy

In this paper, Conservative MP Brooks Newmark calculates the true level of public debt to be £2,220 billion (159% of GDP).