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Blogs by Adam Memon

Adam joined the Centre for Policy Studies as Head of Economic Research in January 2014. 

  • Pay restraint now, performance pay next

    Pay restraint now, performance pay next

    | Economy
    Tomorrow, teachers and many others will strike in protest at the 1% cap on public sector pay rises. The strike will cause inconvenience for thousands of parents but ultimately the Government will hold the line on the pay growth cap. Given the fiscal situation, it is an unavoidable reality that ...
  • A bigger economy is good for the environment

    A bigger economy is good for the environment

    | Environment
    One of the most interesting data sets in the Environmental Accounts published today by the ONS is one showing the intensity of carbon dioxide emissions ie the level of emissions per unit of economic output.In 1997, for every one million pounds of economic output, the UK emitted 610 tonnes (or ...
  • Boost innovation to grow productivity

    Boost innovation to grow productivity

    | Economy
    The latest ONS figures released today unfortunately show another fall in labour productivity as output per hour fell by 0.1% over Q1 2014. As we expected in a previous Growth Bulletin, the small but positive growth in productivity in Q4 2013 has therefore proven to be a false dawn. As ...
  • Labour's alarming corporation tax pledge

    Labour's alarming corporation tax pledge

    | 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 ...
  • Why 495 is the magic number...

    Why 495 is the magic number...

    | 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?

    | 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

    | 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% ...
  • SuperEntrepreneurs v Piketty

    SuperEntrepreneurs v Piketty

    | 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

    | 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

    | 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

    | 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

    | 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

    | 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

    | 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 ...
  • Better-Off-Outers have no chance without economics

    Better-Off-Outers have no chance without economics

    | Europe
    Whilst supporters of Britain’s exit from the European Union seem to be on a little bit of a roll at the moment, they cannot win a campaign without economics. The TV debates between Nick Clegg and Nigel Farage were a resounding success for the UKIP leader. Neither Farage’s conspiracy theories ...