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Economics & Social Policy Publications
Brexit offers the opportunity to join free trade deals with fast growing economies like members of the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) – but only if the UK is free to make commitments on both goods and services, argues a new essay by Policy Exchange’s Head of Trade Policy Geoff Raby and Head of Economics Warwick Lightfoot.
In a major new study, Policy Exchange argues that as the UK leaves the EU, it should unilaterally abolish all tariffs. This would reduce UK consumers’ shopping bills, increase productivity and promote global prosperity. We can also disarm the threat of a ‘No Deal’ Brexit. In the Foreword, Australian High Commissioner to London Alexander Downer said: “Trade is not a zero-sum equation. In the decades ahead all major economies should remove their tariffs and open their markets to competition. As the UK once again takes its place at the WTO it should take the opportunity lead by example and remove its tariffs.”
This new Policy Exchange report, published today — written by Economic and Social Policy Research Fellow, Jonathan Dupont — recommends that 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. George Freeman MP, Chair of the Conservative Policy Forum, has written a Foreword for the report.
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. The report has a foreword by Scottish Conservative leader Rt Hon Ruth Davidson, MSP; she wrote for The Times today about why “Looking forward, a global Britain should both maintain its world-leading aid budget and be a champion for free trade”.
The models used to assess the economic impact of Brexit were misleading, according to new analysis by Dr Graham Gudgin, Policy Exchange’s new Chief Economics Adviser and the co-author of the report. 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.
A commentary by Sir Geoffrey Owen, Head of Industrial Policy at Policy Exchange and former Editor of the Financial Times. Sir Geoffrey examines the reasons for US leadership in two key sectors, information technology and biotechnology, highlighting the important role played by new entrepreneurial firms
With a foreword by former Chancellor of the Exchequer Nigel Lawson, and a postscript by former Foreign Secretary David Owen, this major contribution to the public debate sets out proposals for a ‘Clean Brexit’. It is written by Policy Exchange’s Chief Economic Advisor, Dr Gerard Lyons, and leading Telegraph economics commentator, Liam Halligan
This report — written by Rebecca Lowe Coulson, Policy Exchange’s State and Society Research Fellow — shows that claims suggesting that income inequality has never been greater are not only societally divisive, they are also largely untrue. It also explains why income equality does not necessarily equate to high overall living standards, and explores how that relates to the duties of the state towards the least well off.
This scoping paper — written by Policy Exchange Economic and Social Policy Research Fellow, Jonathan Dupont, and Head of Environment and Energy, Richard Howard — looks at the big questions surrounding a new Industrial Strategy
This new commentary, written by Jonathan Dupont — Policy Exchange Economic and Social Policy Research Fellow — contends that ‘given the current stability of the economy, there is no need for dramatic policy interventions, and the Chancellor should be unafraid to deliver a steady-as-it-goes Autumn Statement’