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Sam Bowman is quoted in the Telegraph

17 April 2014

Research Director of the Adam Smith Institute, Sam Bowman, was quoted in a Telegraph article, commenting on the out-of-control housing market in London.

Read the article here.

Others were more blunt. “This is a disaster – the housing market is out of control, particularly in London, making housing increasingly unaffordable for many people,” said Sam Bowman, research director at the Adam Smith Institute.

“Rising house prices are nice if you own your own home and are planning on downsizing or want to leave your house to your children, but if you want to get onto the property ladder or move to a larger home, say, to start a family, the price rises revealed by [yesterday’s] news are devastating.”

Preston Byrne is quoted in City AM

17 April 2014

Adam Smith Institute fellow, Preston Byrne, was quoted in a City AM article on the opportunities created by the development of alternative currencies like Dogecoin.

Read the article here.

"Preston Byrne, a fellow of the Adam Smith Institute and a commercial lawyer specialising in securitisation and cryptocurrency in the City of London, says that such alternative currencies do offer great opportunities for corporates - which could easily repurpose their Twitter presences to accept payments in cryptocurrencies.

One study, "A Fistful of Bitcoins: Characterizing Payments Among Men with No Names", suggests that 64 to 75 per cent of the dominant cryptocurrency, Bitcoin, has never been spent. So Byrne sees room for competitors in the crypto-arena - "in my view, the battle for supremacy in this market segment is far from over."

The Times, Daily Mail quote Sam Bowman on the failures of the planning system

16 April 2014

Research Director at the Adam Smith Institute, Sam Bowman, was quoted by The Times and the Daily Mail on housing prices and the failure of the planning system.

Read the Daily Mail article here.

Excerpt from The Times:

Sam Bowman, from the Adam Smith Institute, a think-tank, cautioned that house prices in the capital were "out of control" and argued that the planning system was to blame. "This is a disaster. The housing market is out of control, particularly in London, making housing increasingly unaffordable for many people, particularly the poor and young," he said. The planning system "makes it inordinately difficult for new construction to take place to allow supply to meet demand," he added.

Read more...

Daily Telegraph, Guardian articles quote Sam Bowman on housing prices

16 April 2014

The Adam Smith Institute's Research Director, Sam Bowman, was quoted in multiple Daily Telegraph and Guardian articles on the sky-rocking housing prices in London.

Read the articles here, here, here, here, and here.

City AM article quotes Ben Southwood on CPI fall

16 April 2014

The Adam Smith Institute's Head of Policy, Ben Southwood, was quoted by City AM on the CPI drop.

Read the article here.

“After years of above-target annual CPI rises, then coupled with lacklustre growth or even retrenchment, below-target inflation at the same time as substantive recovery is highly encouraging,” said Ben Southwood of the Adam Smith Institute."

Sam Bowman quoted in City AM

15 April 2014

Research Director of the Adam Smith Institute, Sam Bowman, was quoted in a City AM article regarding sky-rocketing housing prices in London, England.

Read the article here.

"This planning system is "the biggest cause of these runaway prices rises", says Bowman, and the solution is to cut it back.

"Unless the government liberalises planning radically to allow a huge amount of new house construction, house prices are likely to stay high for the foreseeable future," he says. As long as permits stay at rock bottom lows, then we can get used to prices that stop new buyers from getting on the property ladder."

Eamonn Butler Writes for The Sunday Times

14 April 2014

Director of the Adam Smith Institute, Dr Eamonn Butler, wrote an op-ed for The Sunday Times entitled: "Britain's fake growth totters along with the zombies."

Excerpt: 

"Will the big, profligate governments of the G20 ever take a lesson from their more prudent partners, and sort out their banks, balance their books and trim their spending? Probably not. They still imagine that they can create real growth by slashing interest rates, printing money and borrowing whatever they need. But that is what caused our problems. If the world's big economies do not face up to reality, world economic growth is going precisely nowhere."

Ben Southwood is Featured in City AM

11 April 2014

The Adam Smith Institute's Head of Policy, Ben Southwood, was quoted in a City AM article, arguing that the Bank of England made "the right choice" to hold policy. 

Read the article here

"Ben Southwood, head of policy at the Adam Smith Institute, says that it's "the right choice" as the path of aggregate demand - measured by nominal GDP growth - as the current trend is "just about where we'd want it".

It would "certainly be inappropriate to tighten policy now", says Southwood, as nominal wages growing at just 1.4 per cent annually suggests there is still considerable slack in the labour market."

Ben Southwood featured in The Sun

4 April 2014

The Adam Smith Institute's Head of Policy, Ben Southwood, was featured in The Sun, discussing the unfair planning system:

"THE planning system is to blame, writes Ben Southwood of think tank The Adam Smith Institute.

"It unfairly skews the market in favour of current homeowners, all but shutting out buyers.

"Now we have Help to Buy, which adds to the demand for homes without making any difference to the system that stops companies building them.

"Only 9.95 per cent of the UK is built up and half of that is made up of gardens."

Ben Southwood quoted in City AM

4 April 2014

The Adam Smith Institute's Head of Policy, Ben Southwood, was featured in a City AM article on the European Central Bank's interest rates.

Read the article here.

"Ben Southwood, head of policy at the Adam Smith Institute, says that markets aren't buying recent 'open mouth operations', as statements from ECB staff have failed to move the euro against the dollar.

"That 0.5 per cent headline inflation figure masks that many Eurozone members are now suffering from deflation - and not the good kind, that stems from improvements in productivity, says Southwood. Instead, these states now see deflation without real GDP growth. That suggests that demand is too low, and that prices are falling to clear markets.

"ETX Capital's Ishaq Siddiqi says that investors have adopted a "wait-and-see approach" ahead of any potential action by the central bank. Market participants may see rate cuts - even into negative territory - as inadequate, and may want to see a "big bazooka" if deflationary concerns do materialise."

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