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Industrial Strategy Publications
Sovereign default has become a reality in Greece with profound implications for the rest of the Euro Area and the international financial system. This paper looks at what lessons can be learnt by examining the last major sovereign default in Argentina 2002.
Financing Innovation argues that the government should concentrate efforts on removing barriers for innovative small businesses by allowing them to bypass all the current complexity on charges, reliefs, rates and exemptions and instead deal with a simple flat tax.
A Right to Data says that all non-personal data held by the public sector should be made available to the public for free. Opening up public data so that it can be linked, analysed and made useful could provide a huge economic and social boost, with some estimates suggesting that the upside for the economy could run into the billions of pounds.
This report makes recommendations for a policy framework that can identify and monitor of early warning indicators that signal increased vulnerability in the financial system, and that can rapidly employ policy tools to address these vulnerabilities.
Bank Creditors, Moral Hazard and Systemic Risk Regulation argues that there should be a semi-automatic procedure to recapitalise troubled banks whereby bank bonds are converted into equity.
Industrial relations in the UK are in need of significant modernisation. Changes in the nature of employment and the workforce, increased concentration of union membership, the proliferation of litigation over the last decade and the shift in the balance of power to the trade unions has created a situation where the existing framework needs extensive revision,
Upgrading Our Armed Forces considers the opportunity now afforded by the Strategic Defence and Security Review for the armed forces to leave its Cold War structures behind, and become an affordable, agile and efficient instrument of UK security policy.
Not with a Bang but a Whimper finds that the UK’s financial services industry is in danger of fading away. The report reveals that almost a quarter of financial institutions have considered leaving Britain for more welcoming locations like the Channel Islands or Switzerland.
Incentivising boring banking argues that deposit insurance in a fractional banking reserve system is economically damaging and financially destabilising (as it encourages excessive risk-taking by the banks), but politically impossible to avoid.