Economics & Social Policy Press Releases

UK should double spend on development R&D

UK should double spend on development R&D

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, says Policy Exchange in Global Britain, Global Solutions, a new report with a Foreword by George Freeman MP. In 2015, British aid for R&D amounted to £419 million; over the medium term we should increase this both to help the poorest people in the world and to support the UK’s world leading scientists.

It’s not just the size of your aid budget but what you do with it that counts

It’s not just the size of your aid budget but what you do with it that counts

Policy Exchange today publishes ‘Global Britain, Global Challenges: How to make aid more effective’. The report makes a strong case for the importance of overseas aid and supports the Government’s commitment to spending 0.7 per cent of national income on aid. However, it also argues strongly that aid can and should be spent more effectively and that the development community should embrace trade and capitalism as vital to reducing poverty and disease.

Official estimates of Brexit impact were overly pessimistic

Official estimates of Brexit impact were overly pessimistic

The models used to assess the economic impact of Brexit were misleading, according to new analysis published today by Policy Exchange. At the time, the projections made by the Treasury, OECD and IMF were used by the then government and Remain campaign to argue that the British economy would face a significant and permanent loss of income in the event of a vote to leave. A careful analysis of the gravity trade economic models used to generate these pessimistic projections suggests that the impact of Brexit on our economy will be much less significant than the economic consensus constructed at the time of the referendum.

Cutting Whitehall contractors could save £1billion, says think tank

Cutting Whitehall contractors could save £1billion, says think tank

A new report by leading think tank Policy Exchange finds that after a period of restraint, the amount of money Government departments spend on external contractors has risen significantly, nearing pre-2010 levels. In 2014/15, Government departments spent £1.01 billion, up from £610 million in 2011/12. In 2009/10, the amount spent on off payroll staff was £1.5 billion.

Think tank calls for a bonfire of the energy quangos at the Spending Review

Think tank calls for a bonfire of the energy quangos at the Spending Review

A new report by leading think tank Policy Exchange highlights the complex network of organisations that govern energy policy, regulations and rules. The paper find there are over 30 bodies responsible for the delivery of energy policy, the management of industry codes of practice and the operation of the energy system. The cost of these organisations is estimated at over £600million a year.

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RT @GElefteriu The Chief of the Defence Staff, ACM Sir Stu Peach, highlighting the findings of @Policy_Exchange's recent report undersea cables (by Rishi Sunak MP) and firmly placing this "new risk" on the public national security agenda. #policyimpact theguardian.com/worl…

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