How executive pay should be reformed

Performance-related bonuses should be scrapped and replaced with a substantial proportion of salary to be paid in shares. This would lead to better cumulative returns over the long-term, faster productivity growth and a fairer society

Performance-related bonuses should be scrapped and replaced with a substantial proportion of salary to be paid in shares. This would lead to better cumulative returns over the long-term, faster productivity growth and a fairer society

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Why the Chancellor’s Autumn Statement won’t budge productivity growth

The Chancellor mentioned the word productivity 14 times during the Autumn Statement and for good reason. The UK lags the US and Germany by 30 %, and France by 20% resulting in lower average incomes. Three of the key drivers of productivity include the ability of workers to access education to improve human capital, the ability to access finance allowing firms to expand, and for there to be sufficient infrastructure for firms and workers including housing

The Chancellor mentioned the word productivity 14 times during the Autumn Statement and for good reason. The UK lags the US and Germany by 30 %, and France by 20% resulting in lower average incomes. Three of the key drivers of productivity include the ability of workers to access education to improve human capital, the ability to access finance allowing firms to expand, and for there to be sufficient infrastructure for firms and workers including housing

So how did the chancellor do on these three key measures?

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How the chancellor can boost infrastructure investment by £180bn

The chancellor should change the way the uplift in land values from infrastructure investment is captured to help boost investment by £180bn over the next 20 years and to make the economy work for everyone

The chancellor should change the way the uplift in land values from infrastructure investment is captured to help boost investment by £180bn over the next 20 years and to make the economy work for everyone

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Britain’s failed skills policies not the fall in sterling is the real crisis

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

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Report: Rebalancing the UK economy – A post-Brexit industrial strategy

An industrial strategy should address the persistent overvaluation of sterling and the failure to develop an appropriate system of technical education

Download the full report

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.

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Churchill knew how to solve the housing crisis

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.

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Are there too many hairdressers and not enough bricklayers?  

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

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The explosive concoction of globalisation and the rising cost of housing

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

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Inequality

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.

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