Forthcoming Event at Politeia

Stable, Secure, Prosperous and Free:

What’s Best for Britain and a Global World

Setting Britain Free 

Thursday 9th of June, 7– 8p.m. 

Rt Hon Mark Francois MP, Minister of State, DCLG

Jacob Rees-Mogg MP, Treasury Select Committee

Rt Hon Dr Liam Fox MP, Defence Secretary (2010-11)

As the EU Referendum campaign gathers pace, Politeia’s series continue.

What of the claims made about Britain’s economy, her place in the world, her defence and security and, above all, the right of her people to govern themselves?

On Thursday 9thJune, 7-8 p.m, Politeia will host a special meeting with three distinguished parliamentarians, whose knowledge and experience of the big questions of government is second to none.

The Government’s Fantasy Europe

                          The Government’s Fantasy Europe:                    The reality of the EU, explains Professor Robert Tombs, is 'an alarming state of uncertainty and flux.' 

Friday 22nd April: The seven-page leaflet sent to us all by Mr Cameron, and the 200 pages provided by Mr Osborne - both eminently political documents about Europe - have one remarkable thing in common: they contain nothing about politics and little about Europe. The ‘EU’ to which they repeatedly allude is a distant abstraction: a bloodless organization we trade with. Their argument is solely based on [what they say is] our individual material interest as consumers. It does not treat us as citizens of a nation who might be and should be concerned with our own and Europe’s democracy, accountability and long-term social welfare.

Buffeted by crises, beset by shocks. How different the real EU is from the picture given here of a faceless, unchanging economic machine, with a future ‘based on the EU as it is today’, with ‘an ambitious agenda of economic reform’ about to be realized in Brussels. No hint is given that the EU today is in fact in the grip of intractable economic and political crises. Its first signs of economic failings go back forty years - ironically, just the moment Britain joined and then voted in the first referendum to stay. At that moment, European economic growth was beginning its long slow-down after a post-war boom which had made it seem such an attractive partner to Harold Macmillan and Harold Wilson.

Politeia's Latest Publication

Banking on Recovery

Towards an accountable, stable financial sector

By Lord McFall, Dr Syed Kamall, Dr Gerard Lyons, Professors Richard Roberts, Forrest Capie, Geoffrey Wood, Kent Matthews, David B. Smith, Melanie Powell, Dr Eugene Michaels and  Dr Sheila Lawlor.

Image result for banking on recovery icon  

Press Release

PDF

Read Stephen Hammond MP's response to the publication.

Publication: Thursday 21st of April 2016

The financial crisis of 2007/8 and its causes still loom large in the debate about Britain’s economy and its recovery. While politicians and economists agree on some of the main contributing factors and the broad principles needed to guide future policy, there is less certainty about next steps. How should the law be shaped? Are the UK government and its European counterparts on the right tracks?

In this volume, some of Britain’s leading UK economists and politicians in the field, reassess the crisis, the regulatory response and the wider implications. They contrast the turbulence of recent decades with the stability of the preceding century; they discuss the different factors leading to the crisis, including some hitherto largely ignored; and they show where the official response has been and continues to be flawed, badly timed and damaging.

The UK Economy and The EU: What Options after the Referendum?

Tuesday 10th May 12.30 - 1.30 p.m.

Roger Bootle, Executive Chairman, Capital Economics

To Respond - Dr Gerard Lyons, Chef Economic Advisor to the London Mayor, Boris Johnson

East India Club, 16 St James’s Square, SW1Y 4LH

In the run up to the June referendum on whether the UK leaves or stays in the EU, Politeia's special series focuses on some of the vital questions, beginning with the UK economy.

On Tuesday 10th May, Roger Bootle, Chairman, Capital Economics, will be at Politeia to consider the economic implications of the EU referendum vote.

IMF - Right or Wrong?

IMF - Right or Wrong? asks Gerard Lyons
 
 
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Friday 15th April: This week saw the International Monetary Fund (IMF) release their spring economic outlook. It prompts a question, what goes down but never up? The answer, it seems, is the IMF's revisions to their economic forecasts. Global economic growth this year is expected to be 3.2 per cent and next 3.5 per cent, below their previous view. Anything around 4 per cent is strong, below 3 per cent is weak. 
 
It may not be the only thing the IMF needs to revise. They may also need to rethink their assessment of Brexit, which they saw as bad, both for the UK and for the wider regional and world economy. They are wrong on this.
 
There is a natural status quo bias in the pronouncements of such international organisations. As bad as the current set up is, they rarely if ever want to change and the alternative is always wrongly seen as worse. Although the IMF is seen as a barometer of current economic thinking, its forecasting record and policy prognosis is often wide of the mark. Indeed after the Asian crisis it was referred to as ‘I'M Fired’ - such was the impact of its erred policy. But even allowing for that, a number of points are worth nothing. 
 
One can argue as the IMF did, that Brexit is an economic shock. Yet the UK has highlighted its ability to cope with shocks, as the rapid post-crisis rise in employment illustrates. Indeed, I recall one of the other global organisations, the Paris based OECD, back in 2005, identifying a list of responses that economies needed in order to be able to cope with shocks.
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