In this groundbreaking report, James Croft argues that the crisis of school places can only be met by giving true freedom to Free Schools and allowing profit-making schools to operate within the Free Schools programme. In his study of profit-making school outcomes, he shows that schools charging fees on a par with the average state expenditure per pupil equal or exceed the performance of average independent schools. As the report shows, unlocking the power of profit within the Free Schools programme would be a revolution in schooling in England.
The recent economic crisis has exposed important flaws with inflation targeting, particularly the form practiced by real world central banks. A nominal GDP target can address the dual concerns of macroeconomic policy – inflation and jobs – with a single policy target. Had central banks pursued nominal GDP targeting during 2008, it is quite likely that both the financial crisis and the recession would have been much milder. Nominal GDP targeting works best when “level targeting” is used, which means making up for past underor overshoots, and also if the central bank targets market expectations of nominal GDP growth.
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The Forestry Commission has failed in its duties, and the government is right to sell off some of its holdings. This report argues that the government could sell off 92% of the Commission's holdings without affecting the broadleaf forests that the public values for their amenity and scenery. Doing this could raise up to £4.3bn, and end the woeful mismanagement of the country's woodland that the Forestry Commission has delivered.
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How severe will the cuts due to be outlined in the Comprehensive Spending Review (CSR) actually be? This short, opinion-free briefing that aims to answer this question, by examining the spending totals outlined in June's Emergency Budget.
This report calls on the government to undertake a radical new programme of privatization. There are still many attractive commercial operations in the public sector that should be privatized – for instance, Channel 4, BBC Worldwide, Scottish Water, Network Rail and many other firms. The report also calls for the government’s shares in RBS and Lloyd’s TSB to be sold off gradually over the term of the current government. Together, these privatizations would raise up to £90billion over a period of several years.
The report argues that many benefits would accrue if its proposals were implemented in full – particularly in terms of operational efficiencies. The major privatization wave under the Thatcher government opened up much of Britain’s industry to competition and helped the British economic miracle of the 1980s. In times like this, a return to this approach is required to rejuvenate parts of the British economy.
Britain’s national debt is approaching one trillion pounds and interest repayments are nearly £120 million every day. With this report, the government now has an instruction manual in how to begin paying down this debt and simultaneously jumpstarting the flagging British economy.
A report by financial analyst Nigel Hawkins detailing the £90bn worth of government assets that can be privatized between 2010–2015. The report argues that repeating the highly successful privatization campaigns of the 1980s and 1990s would raise much-needed funds to pay down part of the national debt, and would open up new sectors of the economy to competition.