economy

  • David_Cameron speaking
    Permalink Gallery

    A double bind: Cameron urges non-discrimination in one policy area, while wanting to discriminate in another

A double bind: Cameron urges non-discrimination in one policy area, while wanting to discriminate in another

The UK government has entered the final stages of its negotiations with the EU. The issues of immigration control and the refugee crisis seem to overshadow the debate. Yet, as Waltraud Schelkle points out, the “Dear Donald — Yours David” letter of Prime Minister Cameron to European Council President Tusk reveals that the other leading issue is financial integration in a European Union with […]

Share

‘Brexit’ talk is already hurting the UK economy

David Cameron has promised to hold a referendum on Britain’s EU membership in 2017. Costas Milas argues that talk of an exit from the EU has been a hugely unnecessary distraction that has led to economic uncertainty and higher borrowing costs. He shows this by plotting the 10-year UK yield together with the Google trends search queries index for “Brexit”. Policymakers […]

Share

Falling support for the European Parliament, not the economic crisis, has led to a decline in support for the EU in Spain and Portugal.

In April, a major Eurobarometer study reported that there had been a decline in support for the European Union across Europe, especially in countries where the Eurozone crisis’ effects had been most severe. Mariano Torcal takes a closer look at the reasons behind falling support for the EU in Spain and Portugal. Using panel data, he finds that a significant […]

Share

No Triple Dip does not mean a good recovery for the UK

John Van Reenen reacts to the news this week that the UK has avoided economic contraction in the last quarter. Whilst Osborne may see this as cause to celebrate, there is nothing commendable about an economy that continues to stagnate. This news should not be taken as a sign to continue down the path of austerity. Rather, a policy change, starting […]

Share

The economic legacy of Margaret Thatcher is a mixed bag

John Van Reenen analyses the economic legacy of Margaret Thatcher. In the late 1970s, when the UK was behind other developed nations in terms of material wellbeing, her supply side policies spurred economic revival. There is a substantial body of evidence suggesting that a range of important policy changes initiated by her underpinned these economic gains. Nevertheless, there are many important economic and […]

Share

The uncertainty created by David Cameron’s policy on EU membership may cost the UK’s already troubled economy.

Prior to UK Prime Minister David Cameron’s speech on the country’s relationship with the EU, Michael Emerson set out several hazards that his strategy was expected to face. Revisiting these hazards after the speech, he finds them to be mostly confirmed. He argues that Cameron’s policy is badly defined, politically unmanageable, creates uncertainty for investment, and implies a difficult and clouded […]

Share