The Centre responds to a number of policy announcements made by the Chancellor Philip Hammond in the 2017 Budget.
The story of Britain’s post 1945 economy has largely been one of governments trying to work out why productivity across the UK has been so much lower than in other advanced economies. So it shouldn’t be surprising that when the Chancellor of the Exchequer stepped up to deliver his last spring budget, productivity was mentioned 10 times in the speech.
Continue reading “Britain’s quest for productivity growth: Hammond’s small step in the right direction”
Writing for CapX, director of the Centre for Progressive Capitalism Thomas Aubrey argues that the current business rates system is not fit for a dynamic 21st century economy.
Continue reading “Business rates are locked in the past”
To solve the technical skills shortage and energise the industrial strategy, the government must empower prospective students and technical course providers with the data they need to make the right choices
The failure of successive governments to design and implement effective reforms to technical education in the UK has been well documented. Its legacy, according to the current government, is a complex, confusing system of technical education which ‘does not deliver either for individuals, for the skills needs of employers, or for the wider economy’.
Continue reading “How skills policy can energise the modern industrial strategy”