economy

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    How should Theresa May respond to Jeremy Corbyn’s customs union plan?

How should Theresa May respond to Jeremy Corbyn’s customs union plan?

Michael Ellington and Costas Milas explain why May should adopt Corbyn’s stance favouring a Customs Union. They show that there is an inverse relationship between business investment growth and economic policy uncertainty and, with Corbyn’s proposal praised by business leaders, such a step by the PM would decisively put the economy first.

The clock is ticking extremely fast, with only […]

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    Government should treat its Brexit studies like working papers: circulate them for feedback

Government should treat its Brexit studies like working papers: circulate them for feedback

With the second Brexit analysis leak, Michael Ellington and Costas Milas write that it is in no one’s long-term interest to keep such studies from experts until they are complete or leaked. Considering that the task of measuring Brexit’s impact is indeed a tall order, they suggest that the process be made more transparent and open to feedback.

The government […]

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    Capitalism will not give us the will to fight capitalism – what we need is a new International

Capitalism will not give us the will to fight capitalism – what we need is a new International

With the rich getting richer and the poor getting poorer, and with socialist parties around Europe fighting only for national attention, is there hope for an international left? Lea Ypi writes that, more than ever, the world has to be made by those sceptical of capitalism. She makes the case for rebuilding international solidarity.

At the 2018 World Economic Forum […]

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    What Carillion’s collapse tells us about public sector outsourcing

What Carillion’s collapse tells us about public sector outsourcing

Simon Wren-Lewis reflects on the collapse of the construction firm Carillion and on the problems that have ensued for the government. Weighing the pros and cons, he suggests that it is likely that some of the current Private Finance Initiative (PFI) outsourcing was influenced by ideological considerations rather than being purely evidence-based, and warns that the next government should […]

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    Brexit assessments: ignorance isn’t bliss — quantitative forecasts do matter

Brexit assessments: ignorance isn’t bliss — quantitative forecasts do matter

When questioned about the government’s Brexit sectoral impact assessments, David Davis said there were none, because “economic forecasts do not work”. Costas Milas explains why this excuse does not hold up.

Quizzed at a hearing of the Exiting the European Union Committee, Secretary of State for Exiting the European Union David Davis stated that there are no sectoral impact assessments […]

  • Permalink Leader of the Conservative Party David Cameron discusses the Budget on the eve of the Budget with George Osborne (L) Shadow Chancellor of the Exchequer, Theresa May Shadow Secretary of State for Work and Pensions and Shadow Minister for Women and Kenneth Clarke (Far Right) Shadow Secretary of State for Business, Tuesday March 23, 2010Gallery

    How the Conservatives’ austerity rhetoric won them GE2015, and almost cost them GE2017

How the Conservatives’ austerity rhetoric won them GE2015, and almost cost them GE2017

Paul Whiteley, Harold D. Clarke, and Marianne Stewart explain why austerity is no longer an election winner – neither economically nor politically. They argue that David Cameron’s government reaped political rewards through its austerity rhetoric, but the strategy backfired in the next election, when many voters believed a Conservative government would impose more hardship on them.

In our book on the 2015 general election we […]

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    Budget 2017: the flawed math behind corporation tax (and the Government’s messed up priorities)

Budget 2017: the flawed math behind corporation tax (and the Government’s messed up priorities)

The Chancellor reiterated a commitment to keep UK corporation tax at low levels in this year’s Budget. Grace Blakeley explains why Hammond’s figures are flawed, and writes that, as public sector workers, public services, and universal credit recipients all face hardship, people have every right to question the Government’s priorities. 

In his 2017 Budget, the Chancellor reiterated the Government’s commitment […]

Budget 2017 and the economy: bad news all round

Following the 2017 Budget, Michael Ellington and Costas Milas offer some first comments on why, regardless of whether one supports Britain’s exit from the EU or not, the current situation is not good news.

To keep Brexiteers off his back, Chancellor Hammond did not spell it out, but Brexit-related uncertainty is taking its toll on the economy: anaemic GDP growth […]