Economics & Social Policy
Latest Economics & Social Policy Publications
Central banks face a range of questions, some of which relate to their actions during the Covid crisis and the dislocation of economies as a result of the pandemic, some reflect the continuing challenges of unexpectedly low inflation, interest rates and growth over the last decade and some arise directly out of their own policy actions, such as their loose monetary policy and Quantitative Easing.
This new paper by Policy Exchange’s Head of Industrial Strategy, Sir Geoffrey Owen, sets out how the U.K. can pursue a new direction in innovation policy.
A policy of ‘benign neglect’ towards the City and the UK’s financial services sector since 2016 is no longer enough to maintain its competitiveness in the face of an aggressive EU and intense global competition, warns Gerard Lyons. But the former Chief Economic Adviser to Rt Hon Boris Johnson MP during the Prime Minister’s London mayoralty argues that with the right policy approach, the City can play a critical role in levelling up and delivering more balanced domestic growth.
Latest Economics & Social Policy Blogs
The Bank of England has appointed a new chief economist to succeed Andy Haldane. Huw Pill’s experience should offer the UK central bank a novel intellectual perspective drawn from having worked at both the ECB for many years and as Goldman Sachs chief European economist.
Should a government provide subsides and intervene in the economy? This is an area of focus and some controversy following the recent decision to provide a government subsidy to Nissan and intervention to aid the steel sector.
One could be forgiven for thinking that the biggest criticism of such government intervention was from those arguing to reduce the size of the state. Government spending is, after all, at high levels, and the tax take, in relation to the size of the economy, at an all-time high. In fact, the biggest criticisms appeared to be from those wishing we were still in the EU, or so it seemed. Notwithstanding that, what is the issue?
“My Government will help more people to own their own home whilst enhancing the rights of those who rent.”
These words, from Her Majesty, during the Queen’s Speech, reflect an important focus for the Government. It was only last autumn that the Prime Minister outlined his intention to help Generation Rent become Generation Buy.
In the wake of the Queen’s Speech it seemed appropriate to return to some of the issues raised in a paper I produced for Policy Exchange on housing earlier this year.
Latest Economics & Social Policy News
Boris Johnson set out his vision for the United Kingdom on the steps of Downing Street yesterday – in the course of which he embraced many of the ideas championed by Policy Exchange in our series of policy proposals for the next Prime Minister.
The new PM must “seek a new approach to the Irish border issue as part of a broader strategy after Brexit to stabilise and strengthen the Union,” said a new briefing paper by Lord Bew.
Polling commissioned by Policy Exchange revealed massive support for social care being largely free at the point of use and funded out of general taxation.
Latest Economics & Social Policy Events
- Wednesday, 26 June, 2019
14:00 - 15:00
For more than 20 years, the funding of long-term social care has been recognised as a central challenge by successive governments. Arguments around it played a contentious part in the Conservative Party’s election campaign in 2017 – with the proposed solution earning the sobriquet “the Dementia Tax”. The difficulty that the present Government has had in mapping a practical way forward is reflected in the failure to publish the promised green paper. But Policy Exchange’s paper, 21st Century Social Care, provides an answer, arguing that the state should fund long-term social care and complete the welfare state, which polling shows has massive support.
- Wednesday, 26 June, 2019
12:00 - 13:00
with Rt Hon Lord Adonis, Ray Bassett, Lord Bew of Donegore, Sir Graham Brady MP,and Rt Hon Arlene Foster MLA
- Tuesday, 11 June, 2019
17:00 - 18:00
with Rt Hon Lord Darling of Roulanish, Lord Macpherson of Earl’s Court GCB, Rt Hon Nicky Morgan MP, Rt Hon Liz Truss MP.
- Wednesday, 12 June, 2019
18:00 - 19:00
Josh Frydenberg was elected to the Australian Parliament in 2010 as the Member for Kooyong. He is the seventh person since Federation to hold this seat. In August 2018, he was appointed Treasurer of Australia and Deputy Leader of the Liberal Party, having previously served as Minister for the Environment and Energy, Minister for Resources, Energy and Northern Australia, Assistant Treasurer – and Parliamentary Secretary to the Prime Minister since the 2013 election.
- Monday, 26 November, 2018
18:00 - 19:30
Policy Exchange is… multidisciplinary, highly influential, a productive force in the heart of Westminster and our political system,” said Mark Carney, Governor of the Bank of England, at a Policy Exchange event with Alan Greenspan, former Chairman of the Federal Reserve, and Adrian Wooldridge, The Economist’s Bagehot columnist, to launch their new book, Capitalism in America.
- Tuesday, 9 October, 2018
18:00 - 19:30
The launch of: “The Future of Capitalism: Facing the New Anxieties” by Paul Collier.
- 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.
Venue: Policy Exchange
- 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.