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

The Politics of Optimism

The Politics of Optimism

Traditional thinking aligns economic growth with happiness. Conclusion: we’re in for a long dose of unhappiness. But the outlook for Britain need not be depressing. If governments, organisations and individuals responded with a new way of thinking, it would boost happiness and well-being.

Latest Government & Politics Blogs

Why Gerry Adams is wrong on the Belfast agreement

Why Gerry Adams is wrong on the Belfast agreement

Dr Austen Morgan, a barrister in London and Belfast, one of the UUP’s talks team for the Belfast Agreement and author of The Belfast Agreement: a practical legal analysis, explains why Sinn Fein leader Gerry Adams was wrong when he told the Prime Minister that any agreement with the Democratic Unionist Party (DUP) would be in breach of the Good Friday Agreement.

Why Ruth Davidson et al are wrong on the DUP and gay rights

Why Ruth Davidson et al are wrong on the DUP and gay rights

Jeffrey Dudgeon – co-founder of the gay rights movement in Northern Ireland and author of ‘Roger Casement:The Black Diaries’ — sits on Belfast City Council with the DUP. As a long time political and cultural opponent of their approach, he finds them to be surprisingly flexible in practice on gay rights and other social issues. Policy Exchange Director Dean Godson, author of Himself Alone: David Trimble and the Ordeal of Unionism, writes for the Sunday Times on the wider issues round the Conservative Party’s relations with the DUP.

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RT @PRASEG We're unlikely to see the raft of clean energy policy announcements a full Spending Review had been expected to trigger (summarised neatly by @ed_birkett in this graphic for @Policy_Exchange). But we are expecting the National Infrastructure Strategy worth around £100bn. pic.twitter.com/HGJ1…

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RT @PRASEG We're unlikely to see the raft of clean energy policy announcements a full Spending Review had been expected to trigger (summarised neatly by @ed_birkett in this graphic for @Policy_Exchange). But we are expecting the National Infrastructure Strategy worth around £100bn. pic.twitter.com/HGJ1TpNoZO

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