Why Help to Buy will stoke a housing bubble by boosting demand without doing anything for supply, and risk taxpayer money in the process.
Robert CB Miller gives a modern Austrian explanation of the crisis, and argues that tightening the 'loose joint' of bank credit expansion is the key to preventing a repeat in the future. Based on the work of FA Hayek and other Austrian school economists, he says that the recession is a necessary part of the recovery process, as bad investments are liquidated and new profit routes discovered, but government draws out this process by regulating markets and restricting trade.
Despite all the heated exchanges over UK Prime Minister David Cameron’s plan to renegotiate Britain’s membership of the EU, whether the UK stays in or leaves the EU may not be critical for the City. Far more important, says Tim Ambler, is the need to create a single global market for financial services. In such a global market, the potential for such a leading-edge financial services provider as London is unlimited.
Read a summary here.
In this report, Dominique Lazanski calls on the government to commit to a 'Digital Freedom Charter' ahead of the Communications Bill. The report argues that the Internet is currently under threat from an increasing regulatory burden and that we need a charter committed to now in the UK to set out principles to ensure competition, innovation and growth in and around digital communications and the Internet.
A new study by the Reason Foundation evaluates wind power and finds that wind power is limited in practice due to the increased need for power storage, the decrease in grid reliability, and the increased operating costs.
As Britain prepares to re-negotiate its position in the European Union, with the possibility of a full withdrawal if negotiations are unsuccessful, we outline some of the key points for negotiators to focus on. Paradoxically, the UK might well end up with a better deal if it is willing to contemplate life ‘out’, as EU negotiators are likely to stick to their guns if the UK is determined to stay ‘in’.
Statistician John C. Duffy and ASI fellow Christopher Snowdon assess the Sheffield Alcohol Policy Model, used as the basis for the British and Scottish governments' calls for minimum alcohol pricing. They find that the model is deeply flawed, based on faulty premises and used to justify policy far beyond what it actually proves.
Sam Bowman argues that a 'living wage' can be secured by taking the poor out of tax, not by raising the minimum wage and risking creating unemployment.
Why the Financial Conduct Authority will not be fit for purpose and should be scrapped in favour of a strengthened consumer ombudsman.
Vuk Vukovic outlines the key deregulations that need to be made to kick-start small and medium business employment and spur on a jobs-led recovery.