MENU
Your location:

Blog

  • 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: ...
  • U-turns show 'tax reform without tax cuts is a political disaster'

    U-turns show 'tax reform without tax cuts is a political disaster'

    Ryan Bourne | | Economy
    As soon as I heard about the Government's u-turns on the pasty and caravan taxes, I couldn't help but think of a key conclusion of the 2020 Tax Commission last week: 'tax reform without tax cuts is a political disaster.'Sure, opinion is divided today over whether the Government has done ...
  • A reply to IPPR on ‘Small is Best’

    A reply to IPPR on ‘Small is Best’

    Ryan Bourne | | Economy
    IPPR seem to have a dedicated CPS output response wing broadcasting on Left Foot Forward these days. Today, their Senior Economist Tony Dolphin has ‘unravelled’ the Centre for Policy Studies ‘voodoo economics bigging up small government.’ He is referring to our report, released today, which provides further statistical evidence that ...
  • Davey joins the table in the Coalition's gamble with UK energy policy

    Davey joins the table in the Coalition's gamble with UK energy policy

    Tony Lodge | | Energy
    Writing in the early May edition of Liberal Democrat News the new Lib Dem Energy Secretary, Ed Davey, declared, “I was astonished to learn that we still get around a third of our electricity from coal and those power stations are coming to the end of their life, as are ...
  • Britain can't afford to drag down its best schools in the name of equality

    Britain can't afford to drag down its best schools in the name of equality

    Tom Burkard | | Social Policy
    It's hard to say whether Nick Clegg was playing to the gallery, or whether he honestly believes that universities should give preference to pupils from state schools.  If the Daily Telegraph poll is any indication, this kind of gesture politics won't even win over his Lib Dem constituents—over 88% agreed ...
  • The Coalition should implement no fault dismissal

    The Coalition should implement no fault dismissal

    Ryan Bourne | | Economy
    There’s evidence and principle to support no fault dismissalIt seems like the Beecroft Report is set to cause an almighty row within the Coalition. As all agreed on last night’s Newsnight discussion, the vast majority of the report is not contentious and is very similar to Dominic Raab's excellent CPS ...
  • Acropolis Now: reaching the point of criticality in the eurozone

    Acropolis Now: reaching the point of criticality in the eurozone

    James Conway | | Economy
    Criticality. It is the term used by physicists to describe the process in which a fissile material attains a critical mass that leads to a nuclear reaction. In essence, it quantifies the point at which a chain reaction will occur, that point where the process towards the core destroying everything ...
  • Rogoff and the Reinharts: the debt threat is real

    Rogoff and the Reinharts: the debt threat is real

    Ryan Bourne | | Economy
    At the moment, the stimulus debate shapes up something like this: all parties recognise the need to eliminate the deficit (i.e. the rate we add to our debt), but think we should do this without fundamentally harming the recovery in the short-term. Those who advocate more spending than planned think ...
  • Lessons from the past

    Lessons from the past

    Kieron O'Hara | | Economy
    A moment of nostalgia: doing out my mother’s loft the other day, I happened across my old copy of the Treasury’s Economic Progress Report of March 1981 (do we still have the Report? One imagines it has gone the way of sweet cigarettes and flared trousers). Devoted to Geoffrey Howe’s ...
  • The importance of the supply-side

    The importance of the supply-side

    Ryan Bourne | | Economy
    There’s something deeply annoying about the debate surrounding spending cuts, both here and in much of mainland Europe. Governments have allowed opposition parties and public sector workers to frame the current response in terms of austerity vs. growth – accepting as axiomatic that increased Government spending is a prerequisite (a ...
  • The Queen's Speech - some thoughts

    The Queen's Speech - some thoughts

    Ryan Bourne | | Politics
    The Queen’s Speech was somewhat anti-climactic. There was a distinct lack of, or lack of detail on, supply-side measures needed to enhance our economic growth rate. These events are always suitably vague, so this was largely to be expected. But the Speech seemed to lack a coherent vision or theme ...
  • Happy birthday, Friedrich von Hayek

    Happy birthday, Friedrich von Hayek

    Administrator CPS | | History
    Today we celebrate the birthday of one the most important political and economic philosophers of the 20th century, Friedrich von Hayek. Born in Vienna, educated in Freiburg, Chicago and London, Hayek was one of the leading minds supporting the resurgence of classical liberalism. While Hayek’s work won him a Nobel ...
  • Recovery or Rhetoric?

    Recovery or Rhetoric?

    The Government committed  to transforming drug treatment when it took office. The idea of their Putting Full Recovery First plans is to give drug addicts and offenders a second chance - to free them from their dependency. Huseyin Djemil (CPS author of Inside Out - how to get drugs out of prisons) fears their recovery has ...
  • Limitless Liberalism

    Limitless Liberalism

    Ted Bromund | | US Politics
    Last month, I had the pleasure of speaking at the Centre, and of spending ten days in London and Oxford. Goodness knows there’s plenty of media coverage of the U.S. in Britain – sometimes I think there’s too much – but the closer you look, the less satisfactory it is. ...