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  • Reducing deficit and getting growth: cut current spending + supply-side reforms

    Reducing deficit and getting growth: cut current spending + supply-side reforms

    Ryan Bourne | | Economy
    There’s an interesting new paper out by Alberto Alesina, Carlo Favero and Francesco Giavazzi, who examine the effects of fiscal consolidation on output.  Here’s their conclusion:“We find that it matters crucially how the fiscal correction occurs. Adjustments based upon spending cuts are much less costly in terms of output losses ...
  • In the land of Adam Smith

    In the land of Adam Smith

    Jeremy Jennings | | Economy
    Among the more intriguing aspects of former Prime Minister Gordon Brown’s personality is an interest in the work of Adam Smith. This interest is genuine and long-standing. In part it derives from the fact that both Smith and Brown – admittedly some two hundred years apart – were both born ...
  • Mansion tax: wrong then, wrong now; already causing damage

    Mansion tax: wrong then, wrong now; already causing damage

    Ryan Bourne | | Economy
    Head of Economic Research Ryan Bourne comments on rumoured manoeuvres to resurrect the case for a Mansion Tax.There are rumours in Westminster that the Lib Dems are again pushing for a mansion tax. It takes a weird mind to think: growth crisis? A new tax is the answer. But never mind. Back ...
  • Hollande's first 100 days: the swan song of the Welfare State

    Hollande's first 100 days: the swan song of the Welfare State

    Gaspard Koenig | | Europe
    French author Gaspard Koenig blogs on President Holland's first 100 days in charge and concludes the Socialist leader's policies all stem from a single rigorous point of doctrine: the political will can and should tame, and even replace, intrinsically evil markets.For a long time I couldn’t fully conceive how Hollande, a ...
  • 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 ...
  • Politicians shouldn’t be afraid of the battle of ideas

    Politicians shouldn’t be afraid of the battle of ideas

    Ryan Bourne | | Politics
    Head of Economic Research Ryan Bourne examines the 'Battle for the Centre Ground' both here and in the US, and commends Mitt Romney's choice of Vice-Presidential candidate Paul Ryan as the chance for a real debate about America's future. For years the political debate both here and in the US has ...
  • Education and the Economy: debunking the philistine myth

    Education and the Economy: debunking the philistine myth

    Tom Burkard | | Social Policy
    CPS Education Expert Tom Burkard explains why calls for investment in education for economic benefit often ignore the reality of vocational education. In the West, professional educators—what Chris Woodhead refers to as 'the blob'--share a set of assumptions completely at odds with Michael Gove and the reformers.  You simply cannot square ...
  • 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 ...
  • Remove the state from marriage and end this pointless debate

    Remove the state from marriage and end this pointless debate

    Yorick Wilks | | Social Policy
    Marriage was a private enterprise for hundreds of years and should be that way again argues Professor Yorick Wilks.For all the successes of privatisation, I would like to propose another area of citizens' lives from which to remove Government: marriage. The State has not been in the marriage business very ...