MENU
Your location:

Blog

  • The economic benefits of strike law reform

    The economic benefits of strike law reform

    Joseph Baum has put forward an argument for reforming strike laws on the CPS blog within the context of the proposed Trade Union Bill. The bill aims to reduce the number of strikes by introducing a minimum participation threshold of 50% and in some important public services an additional minimum ...
  • Heathrow needs another runway

    Heathrow needs another runway

    Aatif Khan | | Economy
    With the third largest aviation network in the world, after the US and China, it is urgent that development of Heathrow isn’t impeded any further. Congestion and tightening capacity continue to threaten British economic competiveness in finance and business. Since 1990, 12 UK airports have lost their direct links to ...
  • The next steps for devolution

    The next steps for devolution

    The combined local authorities of Greater Manchester, Sheffield and West Yorkshire are going to be the first to receive more devolved powers which were announced in the Summer Budget. However, more cities should be calling for further decentralisation to give them greater control over the future of their regions. English ...
  • Tough love for a better future

    Tough love for a better future

    The 2015 Spending Review: cultural consequences

    1.         Shock and awe: essential

    The 2015 Spending Review requests that government departments set out plans for reductions to their Resource budgets.[1]  More specifically, they have been asked to model two scenarios, of 25% and 40% real term savings by 2019-20.At first sight the ...
  • Don't just sit there, undo something - deregulate for growth

    Don't just sit there, undo something - deregulate for growth

    Adam Memon | | Economy
    At the Margaret Thatcher Conference on Liberty held last year, Arthur Laffer argued vociferously in favour of radical deregulation to boost economic growth. His message to the politicians assembled at the conference was, “Don’t Just Sit There, Undo Something.” Given the historic stagnation in productivity facing the UK, a new ...
  • UK economy surging ahead at 0.7%

    UK economy surging ahead at 0.7%

    Aatif Khan | | Economy
    UK GDP rose by 0.7% for the second quarter of 2015, matching most analysts’ and City expectations and nearly double than that of the previous quarter with a disappointing 0.4% expansion. In light of the newly-released figures, Lloyds bank accredited first quarter growth as temporary and if current growth rates ...
  • Strike laws should be reformed

    Strike laws should be reformed

    Joseph Baum | | Politics
    The laws governing strike action are rarely discussed around the family dinner table but they should be. The right to strike is an important principle that should not be abandoned and trade unions play a vital role in representing the views of their members. However, they are less impressive when ...
  • Seven taxes that should be abolished

    Seven taxes that should be abolished

    Adam Memon | | Economy
    Milton Friedman once argued that he was “in favour of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.” The reason, Friedman argued, was because the only effective way to hold down the size of the state is to hold down the amount of ...
  • Why we should cut the 45p rate

    Why we should cut the 45p rate

    Alex Howard | | Tax
    In a recent article in the Times, David Cameron announced that he would not touch the 45p tax rate, instead reaffirming his emphasis on raising the personal allowance and the thresholds for lower tax bands. While reductions in tax at these lower levels is commendable, it is vital that the ...
  • Boost productivity with apprenticeships

    Boost productivity with apprenticeships

    Julia Routledge | | Economy
    Low productivity is the Achilles’ heel of the British economy. Despite vigorous growth and employment levels which have defied gravity, it still jeopardises a sustainable recovery and impedes the development of better living standards. Indeed, last week’s extensive Treasury report highlighted the fact that if the UK’s productivity were commensurate ...
  • A first steps budget

    A first steps budget

    Adam Memon | | Economy
    This article is taken from the CPS Economic Bulletin written by Adam Memon and Tim Knox. To receive it by email before it is available online, sign up here. “Productivity is the challenge of our time. It is what makes nations stronger, and families richer.” This first line of the Productivity Plan ...
  • We need a South-West Powerhouse

    We need a South-West Powerhouse

    Julia Routledge | | Economy
    The creation of a Northern Powerhouse is a bold and innovative pledge which seeks to empower northern cities by injecting a healthy dose of devolution into the veins of the body politic. This conurbation will undoubtedly go far to redressing the economic disparity between London and the north, but if ...
  • Britain's creaking water industry needs real competition

    Britain's creaking water industry needs real competition

    Adam Memon | | Economy
    In the Emergency Budget today, the Chancellor will outline a series of measures aimed at raising productivity. One industry which is in dire need of an injection of competition and productivity growth is water. The water industry remains relatively insulated from competition with 19 regional monopolies. They collect the water from the ...
  •  Deficit reduction is still important

    Deficit reduction is still important

    Adam Memon | | Economy
    The Emergency Budget in June 2010 set out the Coalition Government’s plans to cut the deficit and restore medium term fiscal sustainability. Excluding the publicly owned banks, public sector net borrowing reached 10.2% of GDP in 2009/10 which was £153.5 billion. With one of the largest budget deficits in the ...
  • Banking needs a fresh wave of competition

    Banking needs a fresh wave of competition

    Adam Memon | | Economy
    When Metro Bank was set up in 2010, it was the first time in 150 years that a new company had been granted a banking licence. Many of the problems in the banking sector derive from a lack of transparency, choice and competition. The number of major UK banks fell ...