Industrial Strategy Blogs

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.

Capture of independent sectoral regulators

Capture of independent sectoral regulators

Simon Less, Policy Exchange’s Senior Consultant on Regulatory Policy, in a joint piece with Regina Finn, Chief Executive of Ofwat, discusses the range of ways sectoral regulators suffer capture. In particular, the article warns about a trend towards political ‘capture’ of, or undue influence over, independent sectoral regulators that appears to forget the reasons why the Thatcher government made sectoral regulators statutorily independent.

Funding for Lending isn’t working: Why the Bank is missing the point

Funding for Lending isn’t working: Why the Bank is missing the point

James Barty, Policy Exchange’s Senior Consultant for Financial Policy, sets out why the Funding for Lending Scheme is not working, making the argument from his report Capital Requirements that high capital requirements are preventing banks from lending to small businesses. James says the Bank of England must promote credit growth and revert to buying corporate debt directly from the banks.

Bank of England weakens economy by demanding further bank capital

Bank of England weakens economy by demanding further bank capital

James Barty, Policy Exchange’s Senior Consultant for Financial Policy, writes in response to the Bank of England’s recent announcement that banks must raise £25 billion extra in capital requirements, arguing that this measure will stop banks lending and prevent economic recovery. James cites findings from recent Policy Exchange report Capital Requirementswhich found bank lending to private companies has fallen since 2008 by £57 billion due to capital requirements being set too high.

Whatever happened to Gov 2.0?

Whatever happened to Gov 2.0?

Chris Yiu, Policy Exchange’s Head of Digital Government, writes arguing the digital revolution is closing on the government and that it cannot escape radical disruption of its current ways of providing services for much longer. Chris highlights our current call for evidence seeking public and professional opinions on the transition to a digital government.

Why don’t women learn to code?

Why don’t women learn to code?

Sarah Fink, Digital Government Research Fellow at Policy Exchange, argues that International Women’s Day is a good opportunity to address why so few women are involved in programming. Sarah highlights the gender imbalance with digital capabilities, stressing the importance of equipping women with the right skills as the sector grows.

Osborne was right to oppose the EU banker bonus cap

Osborne was right to oppose the EU banker bonus cap

James Barty, Policy Exchange’s Senior Consultant for Financial Policy, sets out why George Osborne was right to fight the EU bankers’ bonus cap. James argues that a cap on bonuses would make banks less safe because it introduces more rigidity into the system and could trigger banks to relocate to other financial centers free of restrictive legislation.

The five questions Mark Carney must deliver answers to

The five questions Mark Carney must deliver answers to

James Barty, Policy Exchange’s Head of Financial Policy, sets out the five questions he would pose to incoming Bank of England Governor Mark Carney. The key answers Barty seeks are how Carney would organise the Bank, how he would stimulate the economy, his views on capital ratios, his plans to move from targeting inflation to growth and how he would judge success five years from now.

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