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Economics & Social Policy Blogs
Michael Taylor — Policy Exchange’s Economics Research Fellow — explains why the recent European Commission proposals on euro clearing ‘may well be the first shot in the battle for European financial services post-Brexit’. He concludes, however, that the proposals, ‘appear to have less to do with addressing market failure and more to do with the failure of any other EU city to develop a financial centre anywhere near comparable to the City of London’.
Michael Taylor — Policy Exchange’s Economics Research Fellow — responds to last week’s announcement that the European Central Bank would continue its asset purchase programme, which involves buying €60bn a month of bonds to support the eurozone economy.
Writing in Financial World magazine, Warwick Lightfoot — Policy Exchange’s Director of Research, and Head of Economic and Social Policy — casts a critical eye over the role of central banks, their accountability and their long-term effectiveness in dealing with financial crises
Policies proposed in the parties’ manifestos have directed attention towards the issue of wealth. In this article, Rebecca Lowe Coulson — Policy Exchange’s State and Society Research Fellow — provides clarification about what we know about wealth in the UK.
Policy Exchange’s Head of Trade Policy Geoff Raby and Visiting Fellow Andrew Stoler argue that “While a high-quality FTA with the EU is the preferred outcome and in the best interests of both parties, the UK need not fear a world in which trade in goods and services and the regulatory disciplines that apply are those of the modern WTO.” They set out in an article for ConservativeHome how even in sectors with relatively high WTO tariffs, any challenge is likely to be greater for EU exporters to the UK than for UK exporters to the EU
In response to the Labour Party’s proposed agenda of nationalisation, Warwick Lightfoot — Policy Exchange’s Director of Research, and Head of Economic and Social Policy — discusses the challenges Britain faced during the time when its leading utilities were all government opened and run.
Warwick Lightfoot — Policy Exchange’s Director of Research, and Head of Economics and Social Policy — reflects on President Trump’s recent full budget message to Congress. Lightfoot contends that, while ‘some of the administration’s proposals are sensible’, the message is ‘ambitious’, and its projected figures are ‘optimistic and controversial’.
Theresa May’s Leadership and the Post-Brexit Conservative Opportunity: creating a popular people’s party
Warwick Lightfoot — Policy Exchange’s Director of Research, and Head of Economics and Social Policy — was special adviser to three Chancellors of the Exchequer during the ERM controversy. Here he responds to last week’s Conservative Party manifesto, noting that the ‘electoral earthquake’ of Brexit has offered Theresa May ‘the opportunity to reunite the Conservative Party and the wider centre-right spectrum’ on the issue of Europe, in a way which is ‘little short of astonishing’.
Labour’s manifesto has an ambitious objective: to ‘rewrite the rules of a rigged system, so that our economy really works for the many, and not only the few’. It is expressly collectivist, claiming ‘Labour understands that the creation of wealth is a collective...
Warwick Lightfoot — Policy Exchange’s Director of Research and Head of Economics and Social Policy — responds to recent findings from the IMF, which suggest that, unlike other large economies, ‘labour’s share of income in the United Kingdom has trended up’. He concludes that ‘when you combine this data with the wider picture of flat inequality and historically high employment rates, it is very hard to paint the UK economy as one that helps only the rich and hurts the poor’.