Industrial Strategy Blogs

Osborne should use the Lloyds sell-off to put money in all our pockets

Osborne should use the Lloyds sell-off to put money in all our pockets

Nick Faith, Director of Communications at Policy Exchange writes that with the focus on living standards in the run up to the next general election, by selling off its remaining shares in Lloyds the government could put £230 in every pocket and give itself a much needed boost in the polls in the process.

Why capital rules could limit the impact of new competition in banking

Why capital rules could limit the impact of new competition in banking

Following the launch of the new TSB bank, James Barty, Policy Exchange’s Senior Consultant for Financial Policy, writes that the arrival of new competition combined with the Funding for Lending scheme should bolster the supply of credit. However, both the chancellor and the governor of the Bank of England, Mark Carney, will need to allow banks more room to do so by loosening regulations on the amount of liquidity banks are forced to hold so they can then replace liquid but non-productive assets like gilts with new loans.

How remaking government for the digital age could save £70bn

How remaking government for the digital age could save £70bn

Chris Yiu, Head of Digital Government at Policy Exchange, sets out the main arguments of our recent paper Smaller, Better, Faster, Stronger. By leveraging technology, data and the internet, the government could do more with less, leading to cumulative savings of around £70bn by 2020.

Dear Governor: This is what you must to do succeed at the Bank

Dear Governor: This is what you must to do succeed at the Bank

In an open letter to the new governor of the Bank of England, Mark Carney, on his first day in the job, Policy Exchange’s Head of Financial Policy James Barty urges the new governor to replace QE with credit easing and loosen the rules on capital ratios in order to get the banks lending. He also suggests that Carney should employ more senior people with financial markets experience.

It’s time to privatise RBS and Lloyds

It’s time to privatise RBS and Lloyds

James Barty, Senior Consultant for Financial Policy at Policy Exchange, sets out the plans from his report Privatising the Banks for selling off RBS and Lloyds. After examining several options, James sets out a mass share distribution, coupled with sales to institutional and retail investors, as the best option.

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