Category Archives: Articles

What’s at Stake in Britain’s EU Referendum?

On Thursday, Britain will vote on whether or not to leave the European Union (EU). As things stand, the race is too close to call: a week ago, “Leave” were surging in the polls; this week, things have swung back … Continue reading

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Competition in (British) Banking

Writing for FT.com’s “The Exchange” blog, economists Diane Coyle and Jonathan Haskel suggest that Britain’s regulators — namely, the Competition and Markets Authority and the Bank of England — have got it wrong on competition in banking.  The authors argue that “the … Continue reading

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E.U. Election Results: A Guide to Europe’s Political Factions

For those of us who are more used to two-party democracy, last week’s elections to the European Parliament could easily be a source of confusion. By my estimate, the European Parliament’s 751 seats will soon be divided between representatives of 198 different … Continue reading

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Do the European Elections Matter?

Historically, elections to the European Parliament haven’t mattered much, even to Europeans. Their main role has been to give disgruntled voters a chance to deliver a good shellacking to the parties in charge of national governments. Like mid-terms, then, but … Continue reading

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In Defence of the Rehabilitation Revolution

There is a real problem at the heart of the government’s “Transforming Rehabilitation” programme: nearly half of those released from prison reoffend within a year. Given that we spend more than £3 billion annually on prisons, this represents a poor … Continue reading

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Pioneering Social Impact Bonds in the United Kingdom

Interview with Jane Newman, International Director at Social Finance UK. One of the most interesting trends in public-private partnerships (PPPs) is performance-based contracting—also known as payment-by-results—in which part of the contracting service provider’s remuneration is tied to the achievement of … Continue reading

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The Problems with NGDP Targeting

Central banks lack both the power and the knowledge needed to deliver stable growth. Canadian central bank chief Mark Carney, who will become governor of the Bank of England in June, caused a stir on both sides of the Atlantic when … Continue reading

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