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 Blogs

What’s wrong with the Tory party?

What’s wrong with the Tory party?

David Skelton, Deputy Director at Policy Exchange, sets out what the Conservative Party needs to do to stand a chance of winning a majority at the next election. David cites findings from Policy Exchange report Northern Lights exploring the North-South political divide, arguing that the Tories need to appeal to voters in the North, Midlands and urban areas, as well as to ethnic minorities and ordinary working people.

The great divide

The great divide

Neil O’Brien, Policy Exchange’s Director, discusses the failure to close the North/South divide, arguing that both Westminster politicians and Northern council leaders fail to understand the nature of the problems the North faces. He makes recommendations which would help boost the Northern economy, including welcoming successful academy chains, local pay bargaining and planning reform.

Latest Government & Politics News

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Head of Housing, Transport and the Urban Space, @bswud spoke to @JuliaHB1 about ‘Planning for the future’ You can listen below 👇 m.youtube.com/watch?…

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Head of Housing, Transport and the Urban Space, @bswud spoke to @JuliaHB1 about ‘Planning for the future’ You can listen below 👇 m.youtube.com/watch?v=MBZ93m…

About 2 days ago · reply · retweet · favourite