Economics & Social Policy
Latest Economics & Social Policy Publications
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.
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
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.
Central banks should use the relatively benign economic conditions to reorientate money policy argues Warwick Lightfoot – himself former special adviser to three chancellors. As the world economy has recovered, central banks need to re-examine their lax approach to tools such as interest rates so that they can respond to any future crisis. Not doing so will leave their arsenals worryingly empty.
Policy Exchange’s latest recruit, Jos Henson-Gric, who previously worked in FinTech in the UK and Europe, looks at the Chancellor’s speech on FinTech and the Government’s new strategy and asks if it’s missing a trick when it comes to banking for those on low incomes.
Latest Economics & Social Policy News
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.
Policy Exchange’s Director of Economics and Social Policy Warwick Lightfoot appeared on BBC News to discuss the leaked government analysis of the impact of Brexit over the next 15 years.
Latest Economics & Social Policy Events
- Monday, 21 May, 2018
8:30 - 15:45
Policy Exchange invites you to a Conference on “The Union and Unionism – Past, Present and Future”. Speakers will include: Rt Hon Lord Darling of Roulanish, Former Chancellor of the Exchequer; Rt Hon Ruth Davidson MSP, Leader, Scottish Conservatives; Rt Hon Arlene Foster MLA PC, Former First Minister of Northern Ireland and Leader of the Democratic Unionist Party; Rt Hon Michael Gove MP, Secretary of State for Environment, Food and Rural Affairs; Rt Hon Brandon Lewis MP, Chairman of the Conservative and Unionist Party; Lord Murphy of Torfaen PC KCMCO KSG, Former Secretary of State for Wales and Northern Ireland; Rt Hon Jim Murphy, Former Leader of the Scottish Labour Party.
- 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).
Venue: Policy Exchange
- Wednesday, 14 February, 2018
10:30 - 11:30
The Secretary of State for Foreign and Commonwealth Affairs, Rt Hon Boris Johnson MP, set out his vision for a liberal Brexit in a speech given at Policy Exchange.
- 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.
- Tuesday, 20 June, 2017
12:15 - 13:30
Policy Exchange was delighted to host a talk by Peter Cove on his strategy for ending poverty in the USA
Venue: Policy Exchange