Economics & Social 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

Read More

Clarifying Income Distribution: An Issue of Equality or Need?

This report — written by Rebecca Lowe Coulson, Policy Exchange’s State and Society Research Fellow — shows that claims suggesting that income inequality has never been greater are not only societally divisive, they are also largely untrue. It also explains why income equality does not necessarily equate to high overall living standards, and explores how that relates to the duties of the state towards the least well off.

Read More

The End of Austerity?: Pre Autumn Statement Briefing

This new commentary, written by Jonathan Dupont — Policy Exchange Economic and Social Policy Research Fellow — contends that ‘given the current stability of the economy, there is no need for dramatic policy interventions, and the Chancellor should be unafraid to deliver a steady-as-it-goes Autumn Statement’

Read More

Welfare, Work and Young People

This new report examines how people aged under 25 interact with the welfare system, arguing that the higher risk of young people disengaging from the welfare system and their different attitudes to work means that the Government should intensify employment support for people aged 25 and under.

Read More

Delivering Differently

Delivering Differently argues that as many as one third (25,000) of London-based civil servants should be relocated to city regions and local authorities to boost productivity and innovation in public services.

Read More

Latest Economics & Social Policy Publications

Global Champion: The case for unilateral free trade

Global Champion: The case for unilateral free trade

, , and

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.”

Global Britain, Global Solutions: How British R&D can transform international development

Global Britain, Global Solutions: How British R&D can transform international development

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.

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”.

Latest Economics & Social Policy Blogs

The limits of central banks’ independence – public support?

The limits of central banks’ independence – public support?

Reflecting on the discussion of Paul Tucker’s new book on unelected power, Policy Exchange’s Head of Economics, Warwick Lightfoot – former Special Adviser to three Chancellors – argues that central banks have used their independence to maintain price stability by allowing asset prices to inflate separately. As was observed at the event, perceived gains to those with such assets may limit popular support for such measures when the next crisis hits.

Latest Economics & Social Policy News

Michael Taylor gives evidence to Environment Committee

Michael Taylor gives evidence to Environment Committee

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.

Warwick Lightfoot argues for agriculture policy reform on Farming Today

Warwick Lightfoot argues for agriculture policy reform on Farming Today

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, 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:  

Address:
Policy Exchange, 6th Floor, 8 – 10 Great George St, Westminster, London, SW1P 3AE, United Kingdom


  • 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.


  • 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).

Venue:  

Address:
Policy Exchange, 6th Floor, 8 – 10 Great George St, Westminster, London, SW1P 3AE, United Kingdom


  • Tuesday, 30 January, 2018
    8:00 - 9:00

The Chief Secretary to the Treasury, Rt Hon Liz Truss MP, made the case for the free market in an event at Policy Exchange. Truss said that free enterprise has huge economic benefits, driving down prices and creating growth and jobs, and is intensely democratic and open, breaking down monopolies, hierarchies and outdated practices.


  • Thursday, 7 December, 2017
    12:00 - 13:45

How can the UK ensure that it is competitive post Brexit? Dominic Raab MP joined an expert panel to offer answers to this question which will have a significant impact upon the wealth of the country following Brexit. This event marked the launch of Everyone has a part to play: Improving the UK’s competitiveness post-Brexit by enhancing the rule of law, a new report from Linklaters on this once-in-a-generation opportunity to reinforce the rule of law and hence the UK’s economic competitiveness and prosperity.

Stay Up To Date

Latest Tweets