Simon Wren-Lewis

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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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    The floods: eight ways politics have turned the crisis into a disaster

The floods: eight ways politics have turned the crisis into a disaster

Would it be a wild, politically motivated jibe to call these the Osborne/Cameron floods? Of course it is nonsense to suggest that there would have been no floods over the last five years under a different government, but Simon Wren-Lewis argues that it is equally nonsense to deny that Osborne/Cameron policies have significantly increased the damage and human misery […]

Will the MPC raise UK interest rates in 2014?

With the historically unprecedented output gap, raising interest rates would mean accepting that something catastrophic and irredeemable had happened to the UK economy. That is why a rate rise this year would be extraordinary, writes Simon Wren-Lewis. Moreover, If interest rates rise but real wages do not (because productivity growth continues to stall), then there may be a wave of defaults and repossessions after all. […]

January 10th, 2014|Simon Wren-Lewis|0 Comments|

The UK recession: brought to you by banks, and perhaps maintained by banks

This is a recession created by banks, and there is a real danger that the power banks have over governments, and this government in particular, may mean we never make up the ground we have lost, writes Simon Wren-Lewis. What I want to do is look at why we had a recession, and what has happened over the last five years, […]

UKIP’s popularity can be explained by reactions to economic policy rather than an (imaginary) Tory drift to the centre

Given we have a government where major economic and social policies are very much to the right of the political spectrum, Simon Wren-Lewis asks how we can account for the rise of UKIP. He argues that much of their popularity comes from straightforward dissatisfaction with falling living standards and a lack of good jobs. This is expressed as hostility towards immigration […]

The government is dealing with increasing UK poverty by stigmatising the poor

Simon Wren-Lewis analyses the evidence regarding austerity and finds that government policy is creating a documented increase in poverty. However the government’s response to this growing problem amounts to little more than stigmatising the poor.  I ended a recent post with the following: “Surely it should now be clear that this is a government with at least as strong an […]

The scheme to lend home buyers up to 20% of the value of a new build home is an attempt to return the housing market to its pre-crash status quo

Reflecting on last week’s budget, Simon Wren-Lewis finds that the only measure that stood out was a new scheme to lend home buyers up to 20% of the value of a new build home. He explains how this, in effect, aims to return to the pre-crash status quo within the housing market, with the desirability of the scheme depending on how that […]

The final verdict on George Osborne as Chancellor – the economic damage is done, permanently

After last week’s downgrading of the UK’s AAA credit rating by Moody’s, Simon Wren-Lewis suggests that the Chancellor’s political fortunes may now be at their lowest. He argues that there is nothing on the horizon macroeconomically which could repair the damage that has been done in the last two and a half years.  This may well turn out to be the […]