It’s good that Business for Britain is looking at the cost of regulation to small business, says Tim Ambler, but by focusing on devolution they push in precisely the wrong direction—more unified markets are lower regulation markets.
There is agreement across the political spectrum that the United Kingdom’s benefits system is unfit for its purposes; namely, to provide a minimum income (or ‘safety net’) and incentivise work. The need for reform is clear, with the relationship between welfare spending and severe poverty statistics speaking for itself; in the fifteen-year period from 1994-2009, increases in social security expenditure of over 50% have failed to significantly affect the percentage of the UK population living in severe poverty (defined as living below 40% of median income). Indeed, the chart below shows that the proportion of those in severe poverty actually increased over this time span.
How school vouchers can harness choice and competition to bring greater quality and equality in education. A joint publication of the Adam Smith Institute and the Centre for Market Reform in Education.
This is a transcript of the speech “Ayn Rand: More Relevant Now Than Ever” given by Lars Seier Christensen, Co-founder and CEO of Saxo Bank, at Goldmsith’s Hall for the Adam Smith Institute’s Ayn Rand Lecture on the 29th October 2013
The zombie firms plaguing Britain’s economy, and what to do about them.