The launch of the General Election campaign yesterday was most notable for what was not said, rather than what was.
We all know the rationalisation: I just bought desirable item X for £50 less than the marked price so I’ve “saved” £50 I can spend on something else. Of course, the £50 isn’t real – it’s just a notional saving and my claim when I get home that “I’ve just saved fifty quid” is greeted […]
City lets George Osborne make a monkey of the voters Times Online In the case of Rayner, according to Colin Talbot of Manchester University, Britain’s foremost expert on public-sector efficiency, only half the claimed …
Confusion reigns in government over what the efficiency targets are for the NHS. To recap: in the Budget (para 6.14) it says that by 2013-14 the health service will be making annual efficiency savings of between £15bn and £20bn – that is roughly 15% to 20% of their entire spending. Just before a hearing of […]
Listen to my appearance on the BBC Today programme on 1st April on efficiency
see my latest post on Public Finance website
Efficiency Wars, by Colin Talbot Public Finance The first Efficiency Wars occurred in 2004, in the run-up to the last General Election the following year. Labour’s Gershon £21.5bn was pitted against the …
It’s official – the Budget ‘red book’ contained a glaring error about NHS efficiency savings and thus the Chancellor (obviously inadvertently) misled Parliament. The Budget stated: “Budget 2010 confirms that the NHS will deliver annual efficiency savings of £15 to 20 billion by 2013-14.” (Para 6.14, page 90 – my emphasis).
The influential new book “Nudge” (Thaler and Sunstein 2008) comes from the emerging field of behavioral economics, which investigates the non-rational ways in which people make decisions. Its policy implications are radical – it advocates what the authors call “libertarian paternalism”. This paradoxical prescription is based on the idea of ‘choice architecture’ – the notion that the […]
Yesterday (29 March) I gave evidence to the Treasury Select Committee on this year’s Budget. I concentrated on the so-called ‘efficiency’ savings. One of the things I pointed out was the frankly fantastic projections for savings in the Health service – something which strangely no-one seems to have noticed. The Government is pledged to make […]