Economics & Social Policy

Mrs Merkel’s fourth term economic headaches

German Chancellor Angela Merkel will face her fourth general election next Sunday, 24th September. Opinion polls strongly suggest that she will win a fourth term forming a coalition with one or more of f the other parties.  Attention will then shift to the policy...
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Will a fiscal policy fix Europe’s defective monetary policy?

Policy Exchange Director of Research & Head of Economics and Social Policy, Warwick Lightfoot, assesses the prospects for fiscal policy to correct the divergences of incomes within the Eurozone. The scope and scale of policy – even with a Eurozone Ministry of Finance and fiscal transfers will not be sufficient to offset the forces of monetary policy pushing in the opposite direction. Structural reform of labour markets, not fiscal policy, is the best way to improve economic prospects throughout the Eurozone.

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One year after the referendum – the economy has not done so badly

Policy Exchange Economics Research Fellow, Michael Taylor, assesses the performance of the UK economy in the year following the EU referendum. Contrary to many analysts’ forecasts the economy has held up well with growth close to its trend rate. Inflation and unemployment are both low by historical standards and public sector borrowing is finally under control. Sterling’s depreciation should soon see a recovery in exports. The economy is in pretty good shape as departure from the EU draws closer.

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Brexit is the least of the financial service sector’s worries

Policy Exchange Economics Research Fellow, Michael Taylor, analyses the implications of the forthcoming MIFID 2 European regulations for financial services. He argues that the effects will be far-reaching but on the whole should be positive. By comparison the impact of Brexit on financial services will be relatively modest.

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Policy Exchange’s Warwick Lightfoot discusses “cost of living squeeze” on BBC 5 Live

Warwick Lightfoot – Policy Exchange Director of Research & Head of Economics and Social Policy – appeared on BBC Radio 5 Live Breakfast to discuss findings from new research which suggests household bills are rising more slowly than the rate of inflation.

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Latest Economics & Social Policy Publications

Global Britain, Global Challenges: How to make aid more effective

Global Britain, Global Challenges: How to make aid more effective

Policy Exchange today publishes ‘Global Britain, Global Challenges: How to make aid more effective’. The report makes a strong case for the importance of overseas aid and supports the Government’s commitment to spending 0.7 per cent of national income on aid. The report has a foreword by Scottish Conservative leader Rt Hon Ruth Davidson, MSP; she wrote for The Times today about why “Looking forward, a global Britain should both maintain its world-leading aid budget and be a champion for free trade”.

Defying Gravity: A critique of estimates of the economic impact of Brexit

Defying Gravity: A critique of estimates of the economic impact of Brexit

The models used to assess the economic impact of Brexit were misleading, according to new analysis by Dr Graham Gudgin, Policy Exchange’s new Chief Economics Adviser and the co-author of the report. At the time, the projections made by the Treasury, OECD and IMF were used by the then government and Remain campaign to argue that the British economy would face a significant and permanent loss of income in the event of a vote to leave. A careful analysis of the gravity trade economic models used to generate these pessimistic projections suggests that the impact of Brexit on our economy will be much less significant than the economic consensus constructed at the time of the referendum.

Lessons from the US on Innovation Policy

Lessons from the US on Innovation Policy

A commentary by Sir Geoffrey Owen, Head of Industrial Policy at Policy Exchange and former Editor of the Financial Times. Sir Geoffrey examines the reasons for US leadership in two key sectors, information technology and biotechnology, highlighting the important role played by new entrepreneurial firms

Latest Economics & Social Policy Blogs

Mrs Merkel’s fourth term economic headaches

Mrs Merkel’s fourth term economic headaches

German Chancellor Angela Merkel will face her fourth general election next Sunday, 24th September. Opinion polls strongly suggest that she will win a fourth term forming a coalition with one or more of f the other parties.  Attention will then shift to the policy...

Will a fiscal policy fix Europe’s defective monetary policy?

Will a fiscal policy fix Europe’s defective monetary policy?

Policy Exchange Director of Research & Head of Economics and Social Policy, Warwick Lightfoot, assesses the prospects for fiscal policy to correct the divergences of incomes within the Eurozone. The scope and scale of policy – even with a Eurozone Ministry of Finance and fiscal transfers will not be sufficient to offset the forces of monetary policy pushing in the opposite direction. Structural reform of labour markets, not fiscal policy, is the best way to improve economic prospects throughout the Eurozone.

One year after the referendum – the economy has not done so badly

One year after the referendum – the economy has not done so badly

Policy Exchange Economics Research Fellow, Michael Taylor, assesses the performance of the UK economy in the year following the EU referendum. Contrary to many analysts’ forecasts the economy has held up well with growth close to its trend rate. Inflation and unemployment are both low by historical standards and public sector borrowing is finally under control. Sterling’s depreciation should soon see a recovery in exports. The economy is in pretty good shape as departure from the EU draws closer.

Latest Economics & Social Policy News

Policy Exchange’s Warwick Lightfoot writes about Brexit’s effect on food prices, in the Daily Telegraph

Policy Exchange’s Warwick Lightfoot writes about Brexit’s effect on food prices, in the Daily Telegraph

Warwick Lightfoot — Director of Research and Head of Economics and Social Policy — reflects on a recent House of Lords’ report on the potential impact of Brexit on agriculture. He comments that ‘nowhere did [the report] recognise that protectionism drives food prices in the EU above world prices’, before concluding that ‘after Brexit, consumer welfare will be increased by access to the world’s most competitive suppliers and I believe we will see lower food prices’

Latest Economics & Social Policy Events

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