The Post Office is not a natural monopoly whose market is difficult to contest. There is no interdependence between the three services: letters, parcels and counters thus they should be separated and privatized within a framework of 3-5 years.
The principle of Private Financial Initiate (PFI) represents the best hope for generating funding for capital projects, particularly in Britain’s inadequate transport infrastructure. Dr Eamonn Butler and Allan Stewart MP argue that allowing the private sector to be as innovative as possible with respect too public sector challenges should be the long-term objective of Whitehall, transforming the ways in which the public sector achieves its goals.
The authors argue that UK welfare reform should combine the best features of successful reforms in other countries, rather than copying a single model. Contrasting the system in Singapore with the Chilean model, they maintain that important lessons can be learnt, Where Chile highlights the significace of private management. Singapore shows the possible flexability of new welfare provision. Both show the importance of moving to personally funded welfare accounts.
The history of the welfare state is a record of failing attempts to curb the costs of over optimistic promises made by politicians. This early welfare state was, like today's contributory and compulsory; but its benefits were neither comprehensive or universal. As we can see today the financial balance was well out of tilt. This report lays out a solution to the problems.
The future of the welfare state is now firmly at the centre of public debate. Its seeming inability to conquer poverty,despite an annual budget of £100 billion, provokes many to question whether a system designed in the 1940's is up to the challenges of today. The Adam Smith Institute argues that we need a completely different approach - replacing our collectivized state pensions and national insurance scheme with a system of personal lifetime fortune accounts, competitively provided.
There is growing agreement that our state pension system must be underpinned by proper funding. The only worry about such a reform is the belief that "one generation must pay twice" - once to pay what is due to today's elderly and once more to build up funds for its own retirement. New research shows this fear to be unfounded. The economic gain from a funded system is so large that we could make the transition within a generation and still leave everyone better off.
Rhis Adam Smith Institute briefing paper addresses the challenges and requirements laid down by Harriet Harman's statement from July 1997 relating to stakeholder pensions. While retaining the guarantees of state provision, it offers people a voluntary, funded, simple alternatine to SERPS and the basic pension. Assuring everyone of security and dignity, not dependancy, in retirement.
The achievement of the bus industry in the last decade has been 'truly remarkable', emerging from a long period of managed decline to become market-led, quality minded, and capable of ending three decades of loss of custom to the car. This report assesses how innovation is winning people back to buses.
Private finance can save London Underground from crisis. The report proposes that three to five, probably four investment-led contracts, or "concessions", should be offered to private sector consortia to design, modernize, finance and operate services, stations and infrastructure. Such a structure would provide operational flexibility in deploying rolling stock and manpower It would also provide more bankable revenue streams.
Archeology has suffered from an increase of state intervention and subsidies since 1973. Moves away from the traditional treasure trove solution to wipe out looting will only serve to promote it. The answer is to 'amateurize' archeology and resist all temptations to nationalise Britain's heritage. The report advocates 'Independence Impact Statements' before government funds are channeled into projects from archeological digs to operatic productions. It offers solid proposals for a more cost-effective and consumer friendly Arts, Heritage and Culture policy.