Economics & Social Policy

  • Economics & Social Policy

    "taking responsibility"

    By encouraging responsibility by individuals, government and business we believe that growth can be secured, public services improved and better outcomes delivered for families across the UK.

    Read more about the unit here

    About Economics & Social Policy
  • Taxing Jobs

    Taxing Jobs argues that because pay and productivity have remained strongly linked over the course of the recession, wages will begin to rise and productivity will improve as employers take on more staff. Providing a boost to the labour market in the form of a cut to the payroll tax for businesses would speed up the rate at which companies take on more staff. This would reduce unemployment more quickly and force employers to improve productivity and therefore pay among their workforces.   Read more

    Jobs, Growth and Pay
  • Smarter Sanctions

    Policy Exchange sets out a more compassionate, but stricter, regime for those breaching their welfare conditions. With as many as 68,000 people a year having their Jobseeker's Allowance unfairly withdrawn, we call for benefits to still be made available through a 'benefit card' for first time offenders to prevent unnecessary hardship. We also call for more stringent penalties for people who consistently break the terms of their job search requirements.   Read more

    Sanctions
  • Child Poverty Strategy adopts Policy Exchange proposals

    Recommendations for helping lone parents into work from our Parenting Alone report have been taken forward in the government's draft Child Poverty Strategy. This will see additional support provided through Universal Credit so lone parents can keep more of their earnings before their benefits start being withdrawn, as well as bespoke employment support from JobCentre Plus. Read more

    Lone Parents
  • Money for Nothing

    Money for Nothing argues that new fiscal rules should bind future governments to a spending envelope based on reducing the UK’s debt-GDP ratio to a sustainable level. The report highlights the scale of the challenge and argues that strict penalties must be put in place to ensure that politicians stay within the rules, including automatic nominal freezes to public sector pay, the state pension and benefit payments.

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    Fiscal Rules

Latest Economics & Social Policy In the news

  • 08 April 2014 | Britain hailed as 'the Mo Farah of the global race' as IMF predicts fastest growth in G7 of 2.9% in a vindication for Osborne

    • Ruth Porter, Policy Exchange's Head of Economic and Social Policy, is quoted by The Daily Mail calling Britain “the Mo Farah of the global race”, following IMF predictions that UK growth will be the fastest in the G7. Ruth stresses that the ‘global race’ is a marathon not a sprint, and that while our flexible labour market has helped the UK to weather the economic downturn more than most, we must raise our ambition further.

  • 27 March 2014 | ‘Cut employers NI to boost incomes’

    • Policy Exchange's latest report, Taxing Jobs, is covered by The Independent. The report calls for Government to cut the National Insurance rate for all businesses, and de-prioritise increasing Income Tax personal allowance as a means for boosting economic growth.

Latest Economics & Social Policy Publications

  • 27 March 2014 | Taxing Jobs: Practical policies for a pay recovery

    • Taxing Jobs argues that because pay and productivity have remained strongly linked over the course of the recession, wages will begin to rise and productivity will improve as employers take on more staff. Providing a boost to the labour market in the form of a cut to the payroll tax for businesses would speed up the rate at which companies take on more staff. This would reduce unemployment more quickly and force employers to improve productivity and therefore pay among their workforces.

  • 03 March 2014 | Smarter Sanctions: Sorting out the system

    • Smarter Sanctions sets out a more compassionate, but stricter, regime for those breaching their welfare conditions. With the report finding that as many as 68,000 people a year have their Jobseeker's Allowance withdrawn by mistake, we call for benefits to still be made available through a 'benefit card' for first time offenders to prevent unnecessary hardship. The report also calls for more stringent penalties for people who are consistently breaking the terms of their job search requirements.

Latest Economics & Social Policy Blogs

  • 07 April 2014 | Living standards and the recovery: the difficulties with defining income groups

    • Steve Hughes, Policy Exchange's Deputy Head of Economic & Social Policy, responds to a recent report showing that the middle class has weathered the fall-out from the financial crisis relatively well. Steve argues that the report's findings and recommendations show how difficult it is to properly define parts of the income distribution for specific interventions. Instead we would be better off cutting National Employers insurance in order to stimulate hiring and wage recovery.

  • 26 March 2014 | The great British wage squeeze should be about to end

    • Ruth Porter, Head of Economic and Social Policy at Policy Exchange, outlines how government can speed up economic growth and subsequently improve living standards by cutting employers' National Insurance contributions. With the UK enjoying a strong connection between pay and productivity, then as output grows, so will pay. By incentivising business to employ more workers, this would therefore drive up pay.

Latest Economics & Social Policy Event

  • 12 March 2014 | Policy Exchange Pre-Budget Briefing

    • We are delighted to be hosting a cross-party panel of politicians to discuss what they think should be the focus of the 2014 Budget. MPs Nadhim Zahawi, Jeremy Browne and Lord John McFall will join Policy Exchange's Head of Economic & Social Policy Ruth Porter and The Guardian's Chief Political Correspondent Nick Watt for what will doubtless be a fascinating discussion of the final Budget before the election.

  • 03 February 2014 | Global Growth: Challenge or opportunity for the UK?

    • This event will assess the size and nature of the challenges we face and whether options exist to boost, rather than damage, our growth potential. It will look at the effect of worldwide consumption trends on the UK, whether the UK faces a long period of relative decline and what future domestic and international growth opportunities the UK could exploit.