Andy Westwood assesses a political transformation in the wake of the Autumn Statement. 2012 really was a big year for Britain. Politically, it was the moment that George Osborne tanked. First with the ‘Omnishambles’ Budget and its ill conceived Granny and Pasty taxes and second with a round booing at the Olympic Park. But it […]
Lucky Chancellor?
The day after George Osborne’s Comprehensive Spending Review, Diane Coyle picks out the winners and losers. One of the most important attributes a Chancellor of the Exchequer can have is to be lucky. Lucky, that is, in all the aspects of the economy that are outside the control of the government – which is most […]
SR2015: Spending: Is 36% of GDP still his target?
[Rather than single blog I am posting a series of shorter posts on the Spending Review today on specific issues] “Mr Speaker, I want to announce to the House that we are on target to meet our long-term economic plan of reducing the size of the British state to just 36%, putting firmly at the […]
Tax Credits and the Shadow Economy
Cutting tax credits is the wrong way to reform the benefits system, argues Doug Bamford. Earnings subsidies will reduce the incentive to work in the shadow economy, he explains. Recent government plans to reduce tax credits have generated a lot of interest and controversy. I propose a further reason to think that the proposals are […]
The UK’s housing crisis
The Government aims to build one million more homes by 2020, the Prime Minister has announced. Michelle Custodio puts the need for more homes in perspective. How many more homes does the UK need? Back in May last year, the then business secretary Vince Cable argued that the UK should build an extra 300,000 a […]
The Life and Death of Zero Carbon Housing Policy
Last month the UK government announced that it was abandoning its 2016 commitment to require all new housing in England and Wales to be zero carbon. Here Andrew Karvonen looks at the possible impact of that decision. In ‘Fixing the Foundations: Creating a More Prosperous Nation’, Chancellor of the Exchequer George Osborne cited the zero carbon […]
Under new management? Devolution and regional economies
The gap in economic performance between London and the regions is large and will not be closed by devolving limited powers to city regions and Celtic nations that will adopt conventional economic policies, argues Professor Karel Williams. “It is time for you to take control of your own affairs….we will hand power from the […]
Devolution: it’s a constitutional issue
Government today is trying to create a ‘system’ of devolution from a legacy formed of a tacit constitution and Thatcherite centralism, explains Professor Michael Moran. Devolution – whether to the Celtic nations or within England – has many faces and raises many issues – of economy, identity and political strategy. But it is worth remembering […]
43 and 36 – Locking in the smaller state: George Osborne’s ‘Summer Budget’
The general consensus is this is a “big” Budget with lots in it. It is, but unfortunately most commentators are missing the really big picture, says Colin Talbot. To be able to grasp what lies behind George Osborne’s ‘Summer Budget’ 2015 you need to remember just two numbers: 43 and 36. 43 Modern advanced economies […]
The future of metro mayors – all eyes on Greater Manchester
Greater Manchester this week becomes the first combined metro area to have its own mayor. Professor Francesca Gains looks ahead at what awaits Tony Lloyd. Arrangements to deliver an elected metro mayor for Greater Manchester take several significant steps forward this week. In the House of Lords, the Cities and Local Government Devolution Bill moves […]