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  • 5 mistakes from Lucy Powell

    5 mistakes from Lucy Powell

    Adam Memon | | Economy
    Yesterday, Andrew Neill interviewed Lucy Powell, Labour’s campaign coordinator, on the Sunday Politics. It was certainly quite a tense exchange with Powell accusing Neill of conducting a “Paxo-style interview.” However, it is not usually a good sign when a politician complains about tough interview questions and is unable to provide ...
  • An arbitrary profit cap won't help the NHS

    An arbitrary profit cap won't help the NHS

    Adam Memon | | Healthcare
    There is a certain irony that Ed Miliband chose the site of the 2012 London Olympics today to condemn the growth of markets and competition in the provision of healthcare in the UK. The Olympics Games, of course, is well known for its lack of competition.Miliband proposed introducing a cap ...
  • The genius of America’s founding culture sustains her still

    The genius of America’s founding culture sustains her still

    Stephen Michael MacLean represents the Disraeli-Macdonald Institute for Organic Toryism and tweets as @OrganicTory. Anyone seeking an encapsulation of what faces American voters when they next head to the polls in the presidential election of 2016 — and, indeed, for British voters in the May general election — would do well to ...
  • Rejoice, the World is becoming a better place

    Rejoice, the World is becoming a better place

    Adam Memon | |
    This article was originally published in KCL's Perspectives magazine. In a recent debate I had on the BBC World Service (CPS, 2015) with David Graeber, the anthropologist who apparently came up with the phrase “We are the 99 percent,” I quoted official figures showing big falls in extreme poverty and rises in life ...
  • Zero inflation is good news. For now.

    Zero inflation is good news. For now.

    Adam Memon | | Economy
    Today’s news that inflation has fallen to zero, the lowest since current records began, is good news. This does mean that the UK is now likely to see a period of deflation in the coming months. The closest comparable data suggests that the last time the UK experienced deflation was ...
  • The red herring of departmental spending cuts

    The red herring of departmental spending cuts

    Adam Memon | | Economy
    In its latest labour market update, the ONS announced that the UK’s employment rate had reached a record high of 73.3%. This latest statistic reflects the strong performance of the labour market generally with youth unemployment, long term unemployment and part-time employment all on downward trajectories. In addition, the British ...
  • Radical reform of the North Sea fiscal regime is essential

    Radical reform of the North Sea fiscal regime is essential

    Angeliki Terpou | | Economy
    The collapse in oil prices that we have seen since the latter half of last year has helped to push down inflation across developed economies; in the UK for example, CPI has fallen to an historic low of 0.3%. However, the key negative consequence of the fall in the oil ...
  • Why defence matters

    Why defence matters

    Tim Knox | | Foreign Policy
    "...The defence budget is one of the very few elements of public expenditure that can truly be described as essential. This point was well-made by a robust Labour Defence Minister, Denis (Now Lord) Healey, many years ago: 'Once we have cut expenditure to the extent where our security is imperilled, ...
  • Auto-protection: better a “drawdown default”?

    Auto-protection: better a “drawdown default”?

    Michael Johnson | | Economy
    Following the CPS’s publication of the paper Auto-protection at 55, Professional Pensions published the result of a survey which sought opinions on one of the paper’s proposals, to default DC members into annuities at retirement. This produced a 70% “no” response: worth listening to. But this does not shed any ...
  • Britain is Taxed Enough Already

    Britain is Taxed Enough Already

    Adam Memon | | Economy
    This article is taken from the fortnightly CPS Economic Bulletin. To receive emails from the CPS, subscribe using this form. When the OBR published its Economic and Fiscal Outlook in December last year, it forecast that public spending would reach 35% of GDP by 2020 under the Coalition’s plans. Many condemned ...