Government & Politics

Negative interest rates offer only a sugar high. They won’t revive monetary policy

Both Wall Street and the City of London are speculating whether the next innovation in monetary policy will be the use of negative interest rates as a deliberate tool. The new Governor of the Bank of England, Andrew Bailey, has changed the Bank’s position from that of the previous Governor, Mark Carney, who made clear that negative interest rates were not a proposition he was seriously considering. The central bank’s Chief Economist, Andrew Haldane, and one member of the Monetary Policy Committee (MPC), Silvana Tenreyro, have canvassed the idea.

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New Statesman highlights Policy Exchange work on modernising the United Kingdom

“Some attention has been given post-election to the Conservative plans for a constitutional commission. But less focus has been given to the significant plans being put together for a re-servicing of the Union. The Policy Exchange think-tank has called for ‘a Grand Strategy to modernise the United Kingdom.’ This is an activist Unionism of a kind only glimpsed before.”

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How to transform the Government’s digital leadership

The call from the Prime Minister’s Senior Adviser, Dominic Cummings, for “data scientists, project managers, policy experts and assorted weirdos” has sent heads spinning in Westminster and on Twitter. But what does this mean in practice and where should he start? Well, as Policy Exchange pointed out in Whitehall Reimagined, the Government has a unique opportunity to revitalise its digital leadership. Key to the fulfilment of their digital ambitions will be the appointment of the newly-created Government Chief Digital Information Officer (CDIO).

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Whitehall Reimagined

The Government should use the opportunity of the stability created by the election result to reform the civil service to make it more democratically accountable and better able to deliver on the mandate of the government of the day. Better decision making, streamlined processes and improved accountability will lead to improved policy making and legislation, more effective delivery and improved public services, benefiting every part of the UK.

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Constitutional government, parliamentary democracy and judicial power

Richard Ekins revisits the nature of constitutional government in a parliamentary democracy, answering some related criticisms of the Judicial Power Project.

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UK Parliament

The Speaker should allow a third meaningful vote on the Brexit deal

The Speaker is right that the “same question” rule is well precedented and would need consideration in this case. But it would be quite wrong to apply the “same question” rule to disallow a third meaningful vote on the Government’s Brexit deal.

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Latest Government & Politics Publications

Latest Government & Politics Blogs

Spring in the East?

Spring in the East?

The unexpected defeat of Malaysia’s governing coalition in the general election has been greeted with a mixture of surprise and delight by the Western media – but are they right?

The Good Friday Agreement is in relatively good health

The Good Friday Agreement is in relatively good health

20 years on from the Good Friday Agreement, Lord Bew – Emeritus Professor of Irish Politics, Queen’s University Belfast – finds the accord in relatively good health. Despite concerns generated by the UK’s decision to leave the EU, cross-party support for the Agreement has increased and there are signs that the DUP & Sinn Fein are gearing up to try to restore power sharing.

Latest Government & Politics News

Rupert Oldham-Reid joins Policy Exchange as Director of Research and Strategy

Rupert Oldham-Reid joins Policy Exchange as Director of Research and Strategy

Rupert is responsible for overseeing Policy Exchange’s research programme and liaising with government and other bodies. Previously based in Downing Street and Westminster as Special Adviser to the Chief Whip, Rt Hon Gavin Williamson CBE MP, Rupert has also worked for the Charity Commission and Centre for Social Justice. His work on social policy in Breakthough Britain II included crime, welfare, addiction, veterans and military families. Rupert has appeared on television and radio to discuss research findings, as well as contributing to national newspapers and journals.

Brexit: A Prize in Reach for the Left

Brexit: A Prize in Reach for the Left

Policy Exchange hosted Professor Richard Tuck, one of the world’s leading historians of ideas, to set out the case for Brexit as the best opportunity for the Left to bring about pure socialism. Labour MP Caroline Flint delivered the vote of thanks, in which she cautioned her colleagues that “We cannot spend the next 18 months voting down every one of the Tories’ EU Bills. If we do so, we will look like liars” in remarks covered by the Express, the Sun and Total Politics.

Latest Government & Politics Events


  • 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.

Latest Tweets

RT @ed_birkett Great new @Policy_Exchange report from @benjaminbarnard on Digital ID. Hopefully this could mean the end of using electricity and gas bills to prove your address/identity. twitter.com/Policy_E…

Latest tweets

RT @ed_birkett Great new @Policy_Exchange report from @benjaminbarnard on Digital ID. Hopefully this could mean the end of using electricity and gas bills to prove your address/identity. twitter.com/Policy_Exchang…

About 3 hours ago · reply · retweet · favourite