The UK Government Spending Ratio: Back to the 1930s?
Public spending will be at levels of Gordon Brown, says Politeia's new economic spending analysis
As the debate over reductions to Government spending ratios looks set to dominate the electoral campaign, Politeia’s analysis by the economist, David B. Smith*, considers what the figures for public spending really are.
In The UK Government Spending Ratio: Back to the 1930s?, David B. Smith shows that the changes to accounting procedures and the measures officially used to report public spending ratios tend to underestimate levels of public spending. In particular, the new European rules which have just come into force (ESA 2010) make a like for like comparison difficult to establish. To this problem must be added the further complication of what is, or is not, included by government for calculating public spending.
Lord Howell of Guildford
Simon Reevell MP, Professor John Howson and Stanley Brodie QC
Publication Launch 20th October 2014, 12 noon
As the political parties prepare for the 2015 general election, much work still remains in restoring the public finances, and another round of cuts is inevitable. In the case of justice, the authors of Magistrates Work! explain how savings can be made and the principles governing the operation of a fair justice system can be protected.
The co-authors, Simon Reevell MP, Professor John Howson and Stanley Brodie QC, take stock of the recent closure of the magistrates’ courts, cut from 330 courts in 2009 to 240 in 2014. The consequences have been lamentable.
The Prime Minister has called for a renegotiation of Britain's relationship with Europe, and all the main parties are committed to EU reform.
This week, Politeia published Zero Plus: The Principles of EU Renegotiation by leading EU lawyer and government legal adviser, Martin Howe QC. As author of Politeia's Safeguarding Sovereignty, Mr Howe inspired the European Union Act 2011. Howe's latest proposals have the potential to redefine the terms of Britain's EU debate.
Here Is The City's coverage of the pamphlet gives an extensive review of Howe's thesis.
On the 5th June this year, the Conservatives held Newark in a tough by-election fight. But the results show that voters are switching in their thousands to UKIP. Professor Tim Congdon CBE explains that though the newcomer may seem brash, its goal is noble. It will now be for the prime minister to clarify the status of Britain vis-a-vis the EU.
As the EU institutions regroup in Brussels in the wake of the European Parliamentary elections, Professor David Abulafia explains that a Common Market is one thing, whereas a United States of Europe is another.
The central message of the UK's European election is not UKIP’s success at the expense of the older parties. Rather, says Sheila Lawlor, the odds are that the elections will show this country to back the sceptics by a good margin.
The Eurozone growth figures for early 2014 remain stubbornly low at 2 per cent. But, says Dr Gerard Lyons, the global economy is not all gloom and the UK is 'starting to motor'. Germany is growing and the Eurozone can act to stimulate demand.
As voters across the European Union prepare to vote for their MEPs on 22nd May, many eyes will focus on Britain. If the Conservatives are returned to power in 2015, the UK will renegotiate the relationship with Europe. What should be Britain's aim and what course should she follow? What framework will best reflect the concerns of people in this country? The distinguished lawyer, Martin Howe QC considers how the Constitutional Framework for a Future Settlement could be framed.
Governments worldwide are setting their universities free to face globalisation, says Dr Paola Mattei.
Britain’s political parties are now in 2015 general election- mode. Labour, says Dr Robin Harris, promises a policy of ‘madhouse economics’. But if Britain is to prosper in the long term, the case for the free economy must be made. That responsibility falls to the Conservative leaders and in a piece for Standpoint, Dr Harris explains why: