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Economics & Social Policy Publications
Delivering Differently argues that as many as one third (25,000) of London-based civil servants should be relocated to city regions and local authorities to boost productivity and innovation in public services.
Together, a decade of loose public spending, fiscal stimulus and the aftermath of the financial crisis left Britain with the highest deficit in its post war history at 10.2% of GDP. Even half a decade later, that deficit is only half closed, and remains high internationally. Budgeting for Balance looks at the experience of fiscal consolidation so far, and how to approach the remainder of the task.
Whitehall Rules! shows how the Government could save £1 billion over the next four years by cutting the amount it currently spends on contractors by just 25%. In 2014/15, Government departments spent £1.01 billion on external contractors, up from £610 million in 2011/12.
On the Move shows how making it easier for people – especially those on low incomes – to commute just a little bit further each day can put them in touch of thousands of extra potential jobs. Proposals from the report for doing so include tax benefits for ride-sharing schemes, introducing part-time rail tickets and devolution rail franchising and commercial bus subsidy.
No Worker Left Behind calls for every person in full time work to receive a ‘Living Income’ – enough money after taxes and benefits to provide a socially-acceptable standard of living. We can do so by aligning and raising National Insurance and Income tax thresholds to a level where a person on full time work on the minimum wage would be taken out of tax altogether.
The Central Contradiction of Capitalism? A collection of essays on Capital in the Twenty-First Century
This essay collection collates some of the most thought provoking assessments of Thomas Piketty’s book Capital in the Twenty-First Century, and publishes some new ones for the first time.
The Economics Manifesto says that the next government should seek to create a capital-owning democracy for all, so that each and every person in the UK can benefit from economic growth. The report proposes mass distribution of RBS and Lloyds’ shares, compulsory savings, the introduction of a Bonus Isa and a new generation of private sector Premium Bonds.
The Welfare Manifesto shows how to make the welfare system fit for the 21st Century. The report sets out principles to be make the system simpler, more effective, fairer, more affordable, and reward contribution.
Bonus ISAs proposes a new scheme to give people more flexibility to build up their tax-free savings pots during the course of a lifetime. The “Bonus ISA” would be offered to anybody who is unable to use their full annual tax-free savings allowance (currently set at £15,000). People would be given the power to roll over any unused portions of their existing ISA allowances into their Bonus ISA account.
Money for Nothing argues that new fiscal rules should bind future governments to a spending envelope based on reducing the UK’s debt-GDP ratio to a sustainable level. The report highlights the scale of the challenge and argues that strict penalties must be put in place to ensure that politicians stay within the rules, including automatic nominal freezes to public sector pay, the state pension and benefit payments.