Economics & Social Policy

Brexit economic opportunity from the perspective of the Minneapolis Fed

Warwick Lightfoot — Policy Exchange’s Director of Research and Head of Economics and Social Policy — reflects on recent research from the economics department of the Federal Reserve Bank of Minneapolis. Different scenarios are considered regarding potential EU and UK approaches to foreign direct investment, leading Lightfoot to conclude that ‘being open to such investment will be the key to improving the UK’s economic well-being’.

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There is an opportunity to reform how public sector pay is managed

Policy Exchange’s Economic & Social Policy Research Fellow, Jonathan Dupont, writes about the debate within the Cabinet about the cap on public sector pay, for The Times’ Red Box. He suggests that, while the cap ‘should come to an end soon’, this ‘should be done in a systematic manner, taking into account the many difficult trade-offs involved, and what is affordable’.

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Central banks face challenges that go directly to the heart of their original purpose and function

Warwick Lightfoot — Policy Exchange’s Director of Research and Head of Economics and Social Policy — reflects on the big questions facing central banks as they get ready to end the unconventional policies they developed in response to the credit crunch and Great Recession.

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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”.

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The mechanics of the DUP deal

Dr Graham Gudgin – Policy Exchange’s Chief Economic Adviser, former Director of the Northern Ireland Economic Research Centre, and Special Advisor to the Northern Ireland First Minister from 1998-2002 – examines the deal signed this week between the Conservative Government and the DUP, and argues that Scottish nationalist criticism of extra spending in Northern Ireland is hypocritical and misplaced.

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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

Brexit economic opportunity from the perspective of the Minneapolis Fed

Brexit economic opportunity from the perspective of the Minneapolis Fed

Warwick Lightfoot — Policy Exchange’s Director of Research and Head of Economics and Social Policy — reflects on recent research from the economics department of the Federal Reserve Bank of Minneapolis. Different scenarios are considered regarding potential EU and UK approaches to foreign direct investment, leading Lightfoot to conclude that ‘being open to such investment will be the key to improving the UK’s economic well-being’.

There is an opportunity to reform how public sector pay is managed

There is an opportunity to reform how public sector pay is managed

Policy Exchange’s Economic & Social Policy Research Fellow, Jonathan Dupont, writes about the debate within the Cabinet about the cap on public sector pay, for The Times’ Red Box. He suggests that, while the cap ‘should come to an end soon’, this ‘should be done in a systematic manner, taking into account the many difficult trade-offs involved, and what is affordable’.

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’

Policy Exchange’s Warwick Lightfoot referenced in Sunday Times article on Scottish independence

Policy Exchange’s Warwick Lightfoot referenced in Sunday Times article on Scottish independence

This Sunday Times article by Mark Macaskill discusses the views of Warwick Lightfoot, Policy Exchange’s Head of Economics and Social Policy, and Research Director. Referring to a recent blog piece Lightfoot wrote on Scottish independence, Macaskill reports that ‘a proposal by the SNP for tackling Scotland’s multibillion-pound budget deficit in the event of independence has been described as “implausible” by a leading economist.’

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