Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Daylight Robbery
Richard Walton, Sophia Falkner and Benjamin BarnardResearch by Policy Exchange finds that fraud and error during the COVID-19 crisis will cost the UK Government in the region of £4.6 billion. The lower bound for the cost of fraud in this crisis is £1.3 billion and the upper bound is £7.9 billion, in light of total projected expenditure of £154.3 billion by the Government (excluding additional expenditure announced in the 8th July 2020 Economic Update). The true value may be closer to the upper bound, due to the higher than usual levels of fraud that normally accompany disaster management.
Why the Government should spend more on capital
Dr Graham Gudgin, Warwick Lightfoot, Gerard Lyons and Jan ZeberThis paper argues that the Government should spend more on capital investment. The case was already strong before the Covid-19 crisis and has been strengthened since, as its financing has become more affordable. The paper highlights the importance of taking advantage of the present macro-economic environment afforded by low borrowing costs to provide stable – and sizeable – funding for new infrastructure through an increase in capital spending by the public sector. Additional capital spending, in excess of the fiscal rules, would be sustainable and affordable
A pro-growth economic strategy
Warwick Lightfoot, Gerard Lyons and Jan ZeberThe UK is enduring a health and economic crisis. Despite near-term uncertainties, we believe that a new macro-economic framework can help the UK achieve stronger future growth.
A new macro-economic policy framework is needed, as outlined here, based on the three arrows: of credible fiscal activism; monetary and financial stability based on a new remit for the Bank of England; and a supply-side agenda.
Low borrowing costs create a likely lengthy window of opportunity to emerge from this crisis without being panicked into policy measures such as austerity, but it is possible that inflation and yields could rise, so it is not a risk-free option. Success depends upon a clear and credible policy approach.
Call for evidence: Building hospitals in the post-Covid era
Policy ExchangeIn the context of the government’s plans to build 40 new hospitals, Policy Exchange is launching a call for evidence to inform a major piece of research into how we should build the next generation of hospitals. Drawing upon the experiences of the NHS in responding to Covid-19, we will explore whether the Government’s new building programme could potentially mark the most comprehensive reform of hospital building in England since the 1960s.
Academic freedom in the UK
Remi Adekoya, Eric Kaufmann and Tom SimpsonBritain’s universities are world-leading. Yet there is growing concern that academic freedom in these institutions is being undermined in a way that departs from the liberal traditions and democratic norms of British society. This paper uses one of the largest representative samples of UK- based academics carried out in recent years to explore the concern that strongly-held political attitudes are restricting the freedom of those who disagree to research and teach on contested subjects. The report sets out what might be done, in the form of legislation—specifically an Academic Freedom Bill—and other measures to ensure that a) universities support intellectual dissent, which drives progress and innovation and b) all lawful speech is protected on campus.
What the UK-Japan trade deal signifies
The Department for International Trade (DIT) has announced that the UK has concluded a historic new free trade agreement with Japan, the UK’s first major trade deal post-Brexit. The agreement is an important step towards the UK’s ambition to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Poll finds public support for traditional hospital design
New public polling commissioned by Public Exchange has found a preference for traditional hospital design that favours natural light and private rooms. This work in hospital design is part of a bigger project looking at the future of the hospital in Britain in the post COVID era, which will evaluate how new hospital building can better meet the needs of the NHS in the 21st century.
Yes, the current planning system really is at the root of Britain’s housing crisis
The Government means to reform planning in order to allow more houses to be built. The Local Government Association tells us the Government is wrong.
Changes to the planning system are unnecessary, they argue, for it is developers who hold back housing delivery, not planners.
Building a better healthcare system
The COVID-19 pandemic has provoked fundamental questions about our health and social care system. Is the current NHS accountability structure the right one for responding to global pandemics? What is the most effective way of protecting and funding those requiring social care? How can we lock in the technological gains from the pandemic? And how should we build hospitals that better serve the needs of the UK population in the 21st century?
BBC consultation launched in Policy Exchange speech
The Government is launching an eight-week consultation on decriminalising BBC licence fee evasion, said the Rt Hon Baroness Nicky Morgan, Secretary of State for Digital, Culture, Media and Sport, in a speech at Policy Exchange on the Future of Media and Broadcasting. Watch her speech here.
DARPA and the American Approach
Policy Exchange’s Visiting Scholar, Dr William Schneider Jr, delivered a keynote speech on “Delivering National Scientific & Technological Advantage: DARPA and the American Approach”. As a former Chairman of the US Defense Science Board, Dr Schneider is a leading authority on strategic innovation and tech R&D. His wide-ranging speech addressed issues including the evolution of national defence technologies, space security and how to help create high-tech innovation. You can watch a video of the event here and read his paper here.
Upcoming Events
- Tuesday, 1 September, 2020
10:00
With Hon Tony Abbott AC, Former Prime Minister of Australia chaired by Katy Balls, Deputy Political Editor at The Spectator Read a transcript of the event here (more…)
- Friday, 10 July, 2020
10:00 - 11:00
with Jens Spahn, German Federal Minister for Health in conversation with Rt Hon Jeremy Hunt MP, former Secretary of State for Health and former Foreign Secretary, chaired by Dean Godson, Director of Policy Exchange
- Friday, 3 July, 2020
13:30 - 14:30
with Rt Hon Liz Truss MP, Secretary of State for International Trade, Hon Tony Abbott AC, 28th Prime Minister of Australia, Rt Hon Stephen J. Harper, 22nd Prime Minister of Canada, Rt Hon Lord Mandelson, former First Secretary of State and former European Commissioner for Trade, Hon Chan Chun Sing, Minister for Trade and Industry of Singapore. Chaired by Juliet Samuel, Senior Fellow at Policy Exchange and Telegraph Columnist
