Economics & Social Policy
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.
Budgeting for Balance
Together, a decade of loose public spending, fiscal stimulus and the aftermath of the financial crisis left Britain with the highest deficit in its post war history at 10.2% of GDP. Even half a decade later, that deficit is only half closed, and remains high internationally. Budgeting for Balance looks at the experience of fiscal consolidation so far, and how to approach the remainder of the task.
Whitehall Rules! shows how the Government could save £1 billion over the next four years by cutting the amount it currently spends on contractors by just 25%. In 2014/15, Government departments spent £1.01 billion on external contractors, up from £610 million in 2011/12.
On the Move
On the Move shows how making it easier for people – especially those on low incomes – to commute just a little bit further each day can put them in touch of thousands of extra potential jobs. Proposals from the report for doing so include tax benefits for ride-sharing schemes, introducing part-time rail tickets and devolution rail franchising and commercial bus subsidy.
The Economics Manifesto says that the next government should seek to create a capital-owning democracy for all, so that each and every person in the UK can benefit from economic growth. The report proposes mass distribution of RBS and Lloyds’ shares, compulsory savings, the introduction of a Bonus Isa and a new generation of private sector Premium Bonds.