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 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.
Europe’s Trade Problem: Closed markets that stay closed result in a defective approach to science and the management of risk evaluation
Policy Exchange’s Head of Economics critiques the European Union’s “ascientific” approach to trade regulation.
Latest Economics & Social Policy News
Rt Hon Liam Fox MP, Secretary of State for International Trade, visited Policy Exchange to deliver a keynote speech on free trade and the UK’s place in the world after its departure from the EU.
Bank of England Governor Mark Carney spoke 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.
Warwick Lightfoot, Policy Exchange’s Head of Economics, gave evidence to the House of Lords Committee on Intergenerational Fairness, answering questions on the balance of taxation between generations among other issues.
Latest Economics & Social Policy Events
- 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