Major new report by Sajid Javid MP and Centre for Policy Studies sets out a vision for economic recovery after the pandemic. Report stresses vital importance of Bank of England independence but argues that the Government and the Bank should consider a shift in its remit from targeting inflation to nominal GDP, in order to better deliver sustained growth.Read More
Increasingly Education Authorities are finding their sixth-forms are not viable.
The Inner London Education Authority was set under the London Government Act of 1963. Although it is a “special committee” of the Greater London Council, in practice it is autonomous. Its only contact with the GLC is to inform it once a year what sum to include it in the Money Bull to meet estimated capital expenditure, and to advise on the size of the levy to be raised from inner London boroughs to meet estimated expenditure.
To read a book which begins ‘The first sound in the morning was the clumping of the mill-girls’ clogs down the cobbled street’ and then goes on to complain about unemptied chamber pots, is to evoke a vanished world.
There is not much mystery to the job description for an economic adviser. He is expected to give advice on economic matters. But most job descriptions it conceals more than it reveals. Unlike the Emperor, the economist does have clothes of sorts – although views differ as to whether the garb is that of a dunce, a fool or an undertaker.
The history of the British steel industry over the last 35 years is a chronicle of industrial activity being hindered by government interference. The industry has been subject to two nationalisations with all their consequent upheaval.
In March 1978 the government White Paper on the nationalised industries outlined their significance to the economy in the following terms.
The following proposals are extracted from a Report on Trade Union Reform which is to be issued in October. They are published as a contribution to a debate of considerable public interest and are being submitted to Mr. James Prior, Secretary of State for Employment, in response to his request for views on the contents of his draft code of Practice for Picketing.
To the socialist mind a State holding company is both natural and a necessary concept. Since individual acts of nationalisation need both a Parliamentary majority and parliamentary time, it is the simpler route to control of the ‘commanding heights’ of the economy. Better still, once there is a State company it gathers its own momentum and supporters whichever party rules at Westminster.
For the radical reforms that are long overdue in the NHS to be expected and welcomed by the public, better understanding of its defects is a first essential.
Widespread public concern at the economics and equity of the index-linked pensions and terminal gratitude’s granted to civil servants and other categories of public employees found expression in the Prime Minister’s recent appointment of an independent inquiry into the real cost to the taxpayer of these pensions.
If as we enter the 1980s, Conservatives are everywhere questioning, with increasing insistence, ideas that post-war conservatism took for granted, it is not because we have read a few books – Adam Smith, Hayek, Friedman – and have been converted. It is because the certainties of the past thirty years can no longer be taken for granted. It is because things have not worked out as we were promised they would.
Although I sit on the cross-benches in the Lords, I am delighted to appear on a platform sponsored by the Centre for Policy studies. As I understand it, the Centre’s purpose is to enliven the pragmatic Conservative tradition by exposing it to intellectual fermentation. If you think some of my strictures rather pointed, don’t take them too personally. Imagine I am addressing some high Tory paladin to whom I might refer from time to time symbolically as, say, Perry.
The belief that the control of the money supply is a necessary if not sufficient condition for the control of inflation has become same thing of an orthodoxy. But a doctrine by itself is unsatisfactory if there is a lack of tools to apply it.
Land is one of the prime factors in economic production and a basic resource on which all economic activity depends. Policies primarily concerned with economic and social matters can, and invariably do, ultimately affect the ownership and use of land; conversely state policies to control the use and ownership of land cannot but affect the economy and the social ordering of society.