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Industrial Strategy Publications
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.
This report analyses the health and safety regime in the UK. The problem lies less with the regulations themselves and more with the culture of over-compliance that has developed. There is considerable scope to align the health and safety regime more closely with common sense and to lessen the burdens that it creates, and the report suggests a number of areas where reform is needed.
This report analyses the strengths and weaknesses of the UK as a place for manufacturing, and puts forward a manifesto to strengthen British competitveness in industry.
Published soon after the announcement of the European Systemic Risk Board, Financial Instability: are Counter Cyclical Capital Controls the answer? looks at how Counter Cyclical Capital Controls (CCCCs) could work in the UK.
This Research Note makes a series of recommendations for improving the tax system, access to finance, public procurement and regulation.
The Case For A Basket, recommends the introduction of a new indexed unit of account that is tied to inflation as measured by a consumer price index (the existing Consumer Price Index, for example). This indexed unit, called a ‘basket’, would help people assess value, even where price levels fluctuate, enabling them to make far more rational financial calculations.
This report brings together five essays from leading economists on their visions for reformed inflation targetting. The authors encompass a wide range of views: from simple amendments to the current framework, to the complete abolition of Central Banks.