Author of ASI paper “The Green Noose” argues for rolling back the Green Belt on BBC Radio Oxford

Senior Fellow at the Adam Smith Institute and author of “The Green Noose: An analysis of Green Belts and proposals for reform”, Tom Papworth, spoke to BBC Radio Oxford about the benefits of rolling back the green belt to make room for the millions of homes needed to solve the UK’s housing crisis.

Listen to the interview here. (Starts 02:09:38)

The ASI report, The Green Noose: An analysis of Green Belts and proposals for reform, looks at the Green Belt’s impact on England’s housing shortage. After a comprehensive review of the causes of the housing crisis, it concludes that the planning structure is out of date and in need of radical reform.

Kate Andrews questions Burnham, Hunt, and Lamb on their plans for NHS reform on Channel 4 News

Head of Communications at the Adam Smith Institute Kate Andrews appeared on Channel 4 News to ask Health Secretary Jeremy Hunt MP, Shadow Health Secretary Andy Burnham MP, Norman Lamb MP and Dr Mark Hanson if they would consider making reforms to the NHS that have been proven throughout Europe to improve patient outcomes and shorten waiting lists.

Watch the full clip here. (Starts 6:14)

Press Release: This is good disinflation – but it shows the need for a new BoE target

For further comments or to arrange an interview, contact Head of Communications Kate Andrews: kate@adamsmith.org | 07584 778207

Commenting on today’s inflation figures, Head of Research at the Adam Smith Institute Ben Southwood said:

Most of the fall in CPI inflation is coming from ‘supply-side’ shocks like cheaper oil and food—this is good and makes everyone better off.

When inflation falls below target due to these supply-side improvements, the Bank of England should ‘look through’ the drop, like they looked through the continually above-target inflation of 2009-14.

The real problem is that the Bank’s target requires it to constantly make judgement calls about whether inflation shocks are demand- or supply-side. What’s more, since it ‘lets bygones be bygones’ and ignores past overshooting or undershooting of its target, this really matters.

The Bank should consider changing its macroeconomic target.

If it targeted nominal GDP (i.e. total spending) instead of inflation, it would automatically ignore dips in inflation from supply shocks and automatically fight dips in inflation from demand shocks.

If it targeted the level of nominal GDP (or just the price level) it would automatically make up for past overshooting or undershooting, so firms, consumers and financial markets can be absolutely sure about where prices or nominal GDP will be at a given point in the future.

The Adam Smith Institute is an independent free market think tank based in London. It advocates classically liberal public policies to create a richer, freer world.

Kate Andrews gives Budget reaction on Sky News

Head of Communications at the Adam Smith Institute Kate Andrews discussed Wednesday’s Budget and what the Chancellor should have included on Sky News.