The shock of Brexit and the current fall in sterling has highlighted that Britain’s economic model has been broken for some time
The shock of Brexit and the current fall in sterling has highlighted that Britain’s economic model has been broken for some time. To take advantage of the current predicament which will see lower levels of purchasing power will require a clear industrial strategy to focus on skills, and thereafter monetary policy
Continue reading “Britain’s failed skills policies not the fall in sterling is the real crisis”
An industrial strategy should address the persistent overvaluation of sterling and the failure to develop an appropriate system of technical education
Executive summary
On the eve of the EU referendum vote, according to numerous measures the British economy was performing exceptionally well. Unemployment was low and employment participation rates were at all-time highs, with continued low inflation. GDP growth since the financial crisis was only marginally behind Canada and the US, but well ahead of Germany and France.
Continue reading “Report: Rebalancing the UK economy – A post-Brexit industrial strategy”
Writing for Prospect, Centre for Progressive Capitalism director Thomas Aubrey argues that the answer to Britain’s housing crisis lies in land value capture, something that Winston Churchill wrote about
Writing for Prospect, Centre for Progressive Capitalism director Thomas Aubrey argues that the answer to Britain’s housing crisis lies in land value capture, something that Winston Churchill wrote about.
Continue reading “Churchill knew how to solve the housing crisis”
Without a better understanding of the skills mismatches holding back local economies, devolution will not make much difference
Without a better understanding of the skills mismatches holding back local economies, devolution will not make much difference
Continue reading “Are there too many hairdressers and not enough bricklayers? “
For people’s basic needs to be provided in an era of globalisation, wages need to be rising at faster rates than housing costs. But Britain has continually failed to address its dysfunctional housing market and build sufficient homes
For people’s basic needs to be provided in an era of globalisation, wages need to be rising at faster rates than housing costs. But Britain has continually failed to address its dysfunctional housing market and build sufficient homes
Continue reading “The explosive concoction of globalisation and the rising cost of housing”
Does inequality matter? The former business secretary, Vince Cable, challenges the view that there is a trade-off between growth and equality, or that equality of opportunity is sufficient
Summary
Inequality is hardly a new issue. But the evidence on the extent of inequality and how it impacts our economy has moved on dramatically in recent years. The rise of populist politicians has also laid bare how globalisation has negatively impacted parts of society.
Writing for CityMetric, Alastair Reed argues that England’s incoming metro mayors could tilt local training systems towards the skills most in demand
Writing for CityMetric, senior policy researcher Alastair Reed argues that England’s incoming metro mayors could tilt local training systems towards the skills most in demand.
Continue reading “England’s new metro mayors could transform local jobs markets”
Politicians keep setting ambitious targets for housebuilding but rates remain far below the desired levels
Politicians keep setting ambitious targets for housebuilding but rates remain far below the desired levels
During the Great Leap Forward, provincial governors in China exaggerated the amount of iron each province was producing in order to please Chairman Mao. As long as iron production estimates rose, Mao seemed content. Sadly for China this approach did little for actual iron output, which fell instead of rising. It wasn’t until 1964 that output reached the levels achieved in 1958.
Continue reading “Britain’s housebuilding targets are like iron production estimates in Mao’s China”
A report on financing infrastructure investment to unlock housing
Financing infrastructure investment to unlock housing
Infrastructure is a key element of the enabling environment to increase economic growth. Access to infrastructure such as energy and transport greatly influences the productivity of private investment and an economy’s competitiveness. Moreover, physical infrastructure plays a central role in fulfilling the ambitions of citizens including the ability to live in an affordable, good quality home that is reasonably close to their place of work.
