Economics & Social Policy Blogs

To spread growth and jobs across the country, we must adopt local pay bargaining

To spread growth and jobs across the country, we must adopt local pay bargaining

Following the publication of our latest research note Public and Private Sector Pay: 2013 Update which examines the regional differences in public and private sector pay, Ed Holmes, Senior Economics & Social Policy Research Fellow, writes that reforming public sector pay will boost employment and generate growth in the regions that need it most.

Fixing the roof while the sun is shining – Osborne’s new spending rule

Fixing the roof while the sun is shining – Osborne’s new spending rule

The Chancellor’s announcement of a new fiscal rule to ensure the government runs a surplus is to be commended, writes Ed Holmes, Economics & Social Policy Senior Research Fellow at Policy Exchange. Such measures must be taken to reduce the deficit and to achieve the sound public finances few previous governments have mustered.

Yes, wages are falling, but the alternative could be far worse

Yes, wages are falling, but the alternative could be far worse

Matthew Tinsley, Economics & Social Policy Research Fellow at Policy Exchange, writes that without strong economic growth the country faces an inevitable trade-off between unemployment and lower wages. Uncomforting though it may be, Matthew argues that the UK’s focus on jobs rather than higher wages is the right side of that trade-off.

Zero-hours contracts are a vital path to working

Zero-hours contracts are a vital path to working

Matthew Oakley, Head of Economics and Social Policy at Policy Exchange argues that rather than banning zero-hour contracts, ministers should recognise the important role they play in helping growing businesses drive the economy and for those looking to take their first steps into the labour market.

The benefit cap is right but it will only ever be a short-term solution

The benefit cap is right but it will only ever be a short-term solution

Matthew Oakley, Policy Exchange’s Head of Economics & Social Policy, backs the introduction of a benefit cap at £26,000, but argues that it is only a short term solution. He says that if state spending is to be meaningfully reduced in the future, the government must tackle the costs of housing and rationalise financial support for the low paid.

Break up Whitehall and globalise our public services: the new austerity state

Break up Whitehall and globalise our public services: the new austerity state

Sean Worth, Head of Policy Exchange’s Better Public Service Project, argues that the UK has a huge opportunity to bring in more money and improve public services by commercialising them abroad. By selling their brands and expertise as franchises abroad, they can be tasked with making cash to reinvest back home. He calls for the government to create overseas trade missions based explicitly on public service delivery and showcase our best providers to the world.

The Work Programme is working – but for the hardest to help unemployed, we need to look elsewhere

The Work Programme is working – but for the hardest to help unemployed, we need to look elsewhere

Ed Holmes, Policy Exchange’s Senior Research Fellow for Economics & Social Policy, sets out our proposed new ‘Route2Work’ scheme from our report of the same name. The report sets out how we can help get the very hardest to help back into work by giving upfront funding to Route2Work providers based on the calculated amount of benefit their claimants would receive.

This month’s Spending Review must pave the way for victory in 2015

This month’s Spending Review must pave the way for victory in 2015

Sean Worth, Head of Policy Exchange’s Better Public Services Project, suggests that the Chancellor focuses this month’s Spending Review on justifying his message for further cuts to tackle the deficit by showing the Government will embrace real public sector reform on issues such as breaking the monopoly on the public sector delivery of services. He also said that there should be a greater focus on cost of living issues, for example, lowering business taxes and taking poorer workers out of tax altogether.

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