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Blogs in Economy

  • Can we achieve growth with your tax moralisation?

    Can we achieve growth with your tax moralisation?

    Lewis Brown | | Economy
    Digital Communications Manager Lewis Brown on the calls for 'tax justice' over celebrities and companies who dare to shop around for a lower rate. In the last few days, Usain Bolt has become the latest in a long line of celebrities to criticise the UK’s punitive high taxation. Bolt has confirmed ...
  • Changing attitudes towards the state?

    Changing attitudes towards the state?

    Ryan Bourne | | Economy
    The July 2012 Edition of Ipsos MORI ‘Understanding Society’ landed on my desk the other week, and I’ve finally got round to reading the section on public opinion of public service reform. I was surprised and yet heartened by some of the findings:65% of the public think that government and ...
  • Time for a positive economic vision

    Time for a positive economic vision

    Tim Knox | | Economy
    Ryan Bourne and Tim Knox write on Wednesday's GDP figures and how a bold, positive vision for a more prosperous Britain is required.This article is an extract from our fortnightly growth bulletin, published today. To read it in full, click here. Wednesday’s GDP figures were truly abysmal. Many commentators have noted that ...
  • The way the left twists the debate on Government size and scope

    The way the left twists the debate on Government size and scope

    Ryan Bourne | | Economy
    There’s a great article by James Taranton in the Wall Street Journal today about how Obama and the left in America skew the debate on government size. I think the same can be applied here.The concept is simple: people who believe in big government deliberately blur the distinction between the ...
  • Brass neck and the Labour party

    Brass neck and the Labour party

    Ryan Bourne | | Economy
    It’s easy to get frustrated when using Twitter, particularly when you see politicians being somewhat hypocritical about big issues like the economy. That’s why last night I got so annoyed with the tweet below by Rachel Reeves MP, Shadow Chief Secretary to the Treasury, who said:“V gd piece by @jdportes ...
  • No jobs? Or are British workers unwilling to take some of them?

    No jobs? Or are British workers unwilling to take some of them?

    Ryan Bourne | | Economy
    ‘There are no jobs’. How many times have you heard it? It’s a phrase repeated on practically every discussion programme on the economy, on every channel, every day.Yet I’ve spent the past two days talking to UK fruit farmers, and many of them tell me they constantly advertise for seasonal ...
  • We’re in a bad way and the long term outlook is difficult

    We’re in a bad way and the long term outlook is difficult

    Ryan Bourne | | Economy
    George Osborne’s decision to set up the Office for Budget Responsibility should rank as a bold success to all those who care about fiscal transparency and sustainability. The institution has today published its second Fiscal Sustainability Report, a superb innovation which not only paints a more accurate picture of the ...
  • Dilnot: when is a cap not a cap?

    Dilnot: when is a cap not a cap?

    Ryan Bourne | | Economy
    The Government has today released its response to the Dilnot Commission capped cost model of long-term care. The Coalition supports the idea of capping an individual's liability to care costs in principle, but seems unwilling at the current time to discuss how this will eventually be paid for.Tomorrow's annual OBR ...
  • Austerity, Krugman and Estonia

    Austerity, Krugman and Estonia

    Ryan Bourne | | Economy
    In this extended blog post, CPS Head of Economic Research Ryan Bourne examines the facts behind the ongoing debate between Paul Krugman and the President of Estonia Toomas Hendrik Ilves.A few weeks ago CPS board member Jon Moulton appeared on Newsnight alongside Paul Krugman to discuss the UK government’s austerity ...
  • Misconceptions of Laffer

    Misconceptions of Laffer

    Ryan Bourne | | Economy
    Yesterday evening, I had the pleasure of listening to the American economist Art Laffer at the IEA. For those who haven’t heard him before, he’s a lively and charismatic speaker, and the anecdotes he tells from years as an advisor to Presidents Reagan and Clinton as well as Prime Ministers ...
  • Borrowing and the fiscal rules

    Borrowing and the fiscal rules

    Ryan Bourne | | Economy
    A few months ago I wrote about what the Budget implied for the fiscal rules which George Osborne set himself at the start of the Parliament. Just to recap, there are two of them:1) the cyclically-adjusted current budget should be balanced by the end of a rolling five year period2) ...
  • Does public sector employment distort the private sector?

    Does public sector employment distort the private sector?

    Ryan Bourne | | Economy
    Yes. That’s the conclusion of an excellent new paper published by Giulia Faggio and Henry Overman for the Spatial Economics Research Centre at the LSE.Using data on employment for English Local Authorities, they find that in the short-run increased public sector employment in an area – though increasing employment overall ...
  • Labour’s plan: more debt with little growth benefit

    Labour’s plan: more debt with little growth benefit

    Ryan Bourne | | Economy
    ‘Reckless, ideological cuts’ the Labour benches holler. ‘Dealing with the nation’s debts’ claim the Coalition ministers. It’s easy to forget that their public commitments going into the last election were remarkably similar. The Labour government’s plan was to halve the deficit (the OVERALL deficit) in four years – which their ...
  • The Target 2 the heart of Europe

    The Target 2 the heart of Europe

    James Conway | | Economy
    Like with icebergs, the financial hazards you can see are manageable, the ones you can’t - lethal. And similarly for those in the crow’s nest of high finance, once you have spotted the hazard, it’s usually far too late to turn the ship.“TARGET2” is defined as “an interbank payment system ...
  • A Bottom Up Look at the Top Down

    A Bottom Up Look at the Top Down

    Ted Bromund | | Economy
    For a conservative non-economist, reading that IPPR has responded to Ryan Bourne and Thomas Oechsle’s report Small Is Best with the claim that small’s not best is the occasion for little more than a sigh. In the U.S., William Voegeli has had a big success with his book Never Enough: ...