Economics & Social Policy
Latest Economics & Social Policy Publications
Brexit offers the opportunity to join free trade deals with fast growing economies like members of the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) – but only if the UK is free to make commitments on both goods and services, argues a new essay by Policy Exchange’s Head of Trade Policy Geoff Raby and Head of Economics Warwick Lightfoot.
In a major new study, Policy Exchange argues that as the UK leaves the EU, it should unilaterally abolish all tariffs. This would reduce UK consumers’ shopping bills, increase productivity and promote global prosperity. We can also disarm the threat of a ‘No Deal’ Brexit. In the Foreword, Australian High Commissioner to London Alexander Downer said: “Trade is not a zero-sum equation. In the decades ahead all major economies should remove their tariffs and open their markets to competition. As the UK once again takes its place at the WTO it should take the opportunity lead by example and remove its tariffs.”
This new Policy Exchange report, published today — written by Economic and Social Policy Research Fellow, Jonathan Dupont — recommends that the UK should double the proportion of its international aid budget spent on research and development, in order to solve the most pressing global challenges and support the Government’s Industrial Strategy. George Freeman MP, Chair of the Conservative Policy Forum, has written a Foreword for the report.
Latest Economics & Social Policy Blogs
Policy Exchange’s Warwick Lightfoot – a former Special Adviser to three Chancellors – says the Prime Minister’s announcement that ‘austerity’ is ending is good politics. But increased public spending doesn’t always mean better public sector productivity, he warns.
Policy Exchange’s Jan Zeber takes a look at Labour’s new plans for the economy and finds some unanswered questions.
Policy Exchange’s Warwick Lightfoot – former Special Adviser to three Chancellors – looks at the possible impact of Brexit on financial stability and the willingness of the world to act in the event of another financial crisis.
Latest Economics & Social Policy News
Responding to the Chancellor’s announcement of a Digital Services Tax, Jan Zeber, Policy Exchange’s Research Fellow on Prosperity, told Sky News that the policy should not be viewed as a measure to help the high street. In the long-run, brick-and-mortar shops need to offer something that online retailers cannot, rather than aim to compete directly.
Farmers should be rewarded for land stewardship and public goods, and removing tariffs will increase consumer choice and keep prices down, helping the poorest most. That was the message Policy Exchange’s Economics Research Fellow Michael Taylor gave to the EFRA Select Committee when discussing Farming Tomorrow, our seminal report on opportunities for replacing the Common Agricultural Policy after Brexit.
Policy Exchange’s Director of Economics & Social Policy Warwick Lightfoot – former Special Adviser to three Chancellors – appeared on the BBC to argue the case for reform of agriculture policy as Britain leaves the EU. Warwick pressed that farm policy is not currently aimed at supporting consumers and this should be reviewed as the UK moves away from the Common Agricultural Policy.
Latest Economics & Social Policy Events
- Monday, 19 November, 2018
18:00 - 20:30
18.00 – Doors open and registration begins 18.30 – Event start 20.00 – Drinks and discussion 20.30 – Event close In the last of three events Policy Exchange is holding as part of our Building Beautiful Month, you are invited to a conference on “Building More, Building Beautiful” With speakers including: Kit Malthouse MP, Minister of State for Housing (more…)
- Wednesday, 14 November, 2018
18:00 - 19:30
The Inaugural Colin Amery Memorial Lecture on “The Fabric of the City” delivered by Sir Roger Scruton.
- Tuesday, 9 October, 2018
18:00 - 19:30
The launch of: “The Future of Capitalism: Facing the New Anxieties” by Paul Collier.
- Monday, 10 September, 2018
12:30 - 14:00
12.30 – Registration 13.00 – Event start 14.00 – Event close Policy Exchange is delighted to announce that Johnny Mercer MP will be giving a speech on Suicide Prevention Day, addressing the key issues of health, mental health and the need for a whole-society approach to the long-term challenges facing Britain. He will discuss: • (more…)
- Monday, 23 July, 2018
17:00 - 18:30
Marking the launch of a new paper, Policy Exchange invites you to a panel discussion on “Is Britain’s Growth Model Broken – and Can Brexit Help to Fix It?” The paper’s author Dr Christopher Bickerton will introduce his research, followed by a panel discussion including the former Permanent Secretary to the Treasury Lord Macpherson of Earl’s Court.
- Monday, 2 July, 2018
18:00 - 19:30
Adam Smith is now widely regarded as ‘the father of modern economics’ and the most influential economist who ever lived. But what he really thought, and what the implications of his ideas are, remain fiercely contested. Jesse Norman MP’s book shows how, far from being a doctrinaire ‘libertarian’ or ‘neoliberal’ thinker, Smith offers an evolutionary theory of political economy, which balances the roles of markets and the state.
- Thursday, 28 June, 2018
13:00 - 14:30
Secretary of State for International Development Rt Hon Penny Mordaunt MP and Brigadier John Deverell spoke on the strategic role of soft power, outlining how her vision for the future of UK development policy applies in the context of civilian–military cooperation, the interplay between hard and soft power, and the importance of development’s role alongside defence and diplomacy.
- Monday, 21 May, 2018
8:30 - 15:45
Policy Exchange hosted a major conference considering the future of the Union, with keynote speeches from Ruth Davidson, Michael Gove, Arlene Foster, Brandon Lewis, Alistair Darling, Jim Murphy and Theresa Villiers. In bringing together speakers from different parties, different nations and opposite sides of the Brexit debate, we demonstrated that unionism can be the bridge between the different elements in our divided society.
- Monday, 30 April, 2018
12:00 - 13:30
The first launch of Sir Paul Tucker’s new book Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State. Sir Paul introduced the book, and followed this with a panel discussion and Q&A.
- Friday, 6 April, 2018
8:45 - 10:00
Policy Exchange welcomed Siv Jensen, Norwegian Finance Minister and leader of the Progress Party, who said that British and Norwegian views on the single market in financial services have often been aligned and reflected on the challenges for monetary policy, including the lowering of inflation targets and an increase in interest rates to ensure credit risk is appropriately priced. Singling out the housing market, she argued that home ownership is cherished by people in both Norway and Britain – and that a balanced approach to regulation is required to avoid asset booms (and busts).