With UKIP set to increase further their share of the vote in the upcoming European elections, and Farage’s triumph over Nick Clegg in the televised debate late last month, the issue of EU membership is as heated and controversial as ever. We are once more reminded of the strengths and limitations of a Common Market, and the anxieties the union has bred here in Britain. (more…)
Every year since 1984 Britain has run a deficit on the current account of her Balance of Payments. What this in effect means is that each year British businesses and consumers have purchased consistently more goods and services from abroad than they have been able to sell. But is this a problem?
Estimated to be spending £100m over its targeted budget, UKTI is not delivering enough exports to justify its costs. This report argues that UKTI is representative of some of the worst inefficiencies of the bloated quango state. (more…)
Tim Lai argues that George Osborne’s deficit reduction plan has been painful, but the right choice given the alternatives. (more…)
Jamie Parker explains why Keynesianism has lost in the UK, and where macroeconomic policy may go from now. (more…)