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US Army officer T.S. Allen discusses the launch of the Permanent Structured Cooperation (Pesco) at last month’s European Council summit. While there may be benefits in terms of improvements in capabilities, there is a danger that Pesco represents a trend towards de-linking European defence from NATO in search of EU ‘strategic autonomy’.
The cost of energy is frequently cited as one of the issues voters care about most, but how can we bring costs down? Various new electricity generation technologies, like wave energy, tidal lagoons and small modular nuclear reactors, stand on the precipice of mass deployment. But industry alone may not be willing or able to make the leap from demonstration and commercial deployment. Should the Government intervene to help bridge the gap? In this article originally published in Business Green, Policy Exchange Research Fellow Matt Rooney explores the concept of ‘technological learning’. Can other technologies replicate the success of solar panels and wind turbines to bring costs down and make them competitive with established technologies?
Reviewing Lt Gen McMaster’s keynote speech at Policy Exchange’s Anglo-American conference, Professor John Bew highlights how the new American National Security Strategy will refocus on ‘competitive engagement’, providing support for friendly countries on America’s security frontier while requesting greater ‘reciprocity’ from US allies. Professor Bew also suggests how this should be interpreted by the UK’s ongoing Capability Review.
Policy Exchange’s Head of Economics – and former Special Adviser to three chancellors – Warwick Lightfoot highlights new analysis from the Bank of England that show the UK’s foreign investments have enabled it to withstand a deterioration in the her balance of payments. Coupled with a reduction in the exchange rate, the continuing strength of the UK’s foreign investments means she will be able to weather future economic storms and capitalise on the opportunities presented by Brexit.
Two of Policy Exchange’s leading experts on Irish Affairs, former Irish diplomat Ray Bassett and former Special Adviser to the First Minister of Northern Ireland Dr Graham Gudgin, evaluate the Stage 1 Brexit Agreement published last week. Although welcome progress has been made, key issues remain outstanding and have the capacity to present difficultly if not resolved.
Following his evidence session to the Lords EU Energy and Environment Sub Committee, Energy and Environment Research fellow Joshua Burke reflects on the opportunities and challenges facing the UKs trade in waste post Brexit. The impact of tariff and non-tariff barriers on the regulatory, spatial, environmental and economic dimensions that govern the UK’s trade in waste are examined in the context of Refuse Derived Fuel.
In judging this Budget, context is everything. In Part One of our analysis Policy Exchange looked at the forecasts which govern what the Chancellor can do, and what he cannot. We now turn to look at the decisions taken at the Budget.
The Irish border issue is now taking a central place in the Brexit negotiations. Conventional wisdom in both Dublin and Brussels is failing to recognise that the border issue can be solved. Policy Exchange’s Chief Economic Adviser Dr Graham Gudgin, one of the leading authorities on cross border economics, explains that technological developments mean frontiers are already more than fixed lines on a map – and that elements in the Irish Government and the Commission are being far too slow to acknowledge this, preferring instead to engage in “Brit-bashing”.
In Part One of Policy Exchange’s analysis of the Budget, Chief Economic Adviser Dr Graham Gudgin looks at the forecasts produced by the Office for Budget Responsibility. These official forecasts are the basis for spending decisions today and planning for the future – which means they must be robust. As we saw with the overly pessimistic Treasury forecasts regarding Brexit, they are not always right.
Beware excessive “declinism” – we’re putting more money into UK defence but American warnings must also be heeded
Policy Exchange’s Gabriel Elefteriu warns that we should beware the declinist narrative that too often pervades discussion of UK defence capability. He cautions this can too often verge on a self-fulfilling prophesy and we should acknowledge that the Government is now increasing defence spending. Equally, it is important that American warnings are headed, particularly on the retention of specific capabilities.