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

Judging the Public Interest: The rule of law vs. the rule of courts

Judging the Public Interest: The rule of law vs. the rule of courts

Judging the Public Interest examines the Supreme Court’s quashing of the Attorney General’s decision to block disclosure of the Prince of Wales’ correspondence with ministers. The report argues that, in doing so, the judiciary confused the rule of law with the rule of courts and overstepped its constitutional limits. It recommends that Parliament act swiftly to overturn this wayward judgment, reaffirming the rule of law and Parliamentary authority.

Overlooked But Decisive: Connecting with England’s Just about Managing classes

Overlooked But Decisive: Connecting with England’s Just about Managing classes

Despite their overwhelming importance, “squeezed middle” voters – those in the C1/C2 socio-economic classes – across England’s most marginal seats feel overlooked and unrepresented. Overlooked but Decisive examines the values and political attitudes of this group and develops a detailed profile of this groups values and beliefs.

Latest Government & Politics Blogs

Democracy and Brexit

Democracy and Brexit

Reflecting on the Foreign Secretary’s speech at Policy Exchange last week, Director of Research and Strategy Rupert Oldham-Reid summarises the speech.

What might we expect from the German federal election?

What might we expect from the German federal election?

On Sunday, Germany will go to the polls to elect the nineteenth Bundestag. Rebecca Lowe — Convenor of Policy Exchange’s Research Group on Political Thought, and Judicial Power Project Fellow — reflects on the campaign and the possible outcomes.

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On @LBCNews, @rcsloggett discusses the key findings from the Policy Exchange and @IPPR social care study released today Listen here 👇 m.youtube.com/watch?…

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On @LBCNews, @rcsloggett discusses the key findings from the Policy Exchange and @IPPR social care study released today Listen here 👇 m.youtube.com/watch?feature=…

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