Leading British think tank, promoting enterprise, ownership & opportunity. Sign up to our newsletter đź”— https://teapaw.org/t.co/sHsVxjJLJo
London, UK
Joined May 2009
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Centre for Policy Studies retweeted
If we want to tackle the NEETs crisis, we’ve got to get businesses involved. Starting by reducing costs for employers so they can take a chance on that young person who doesn’t have as much experience as older hires.
Minimum wage hikes and tax increases are only making it harder for the job creators.
telegraph.co.uk/business/202…
Centre for Policy Studies retweeted
My thoughts on:
- Early UK election or not?
- John Healey’s budget
- Tory/Reform plans to tackle welfare spending
- The UK’s “battle of ideas”
- The role of @CPSThinkTank
My latest interview - with @ChristianJMay, Editor of @CityAM
youtu.be/a5EqHM87djs?is=g0Ac…
Centre for Policy Studies retweeted
“Business has had to pay the price for an ever-expanding state.”
CPS Head of Small Business and Entrepreneurship @rcolvile explains the crisis facing small businesses in Britain.
Centre for Policy Studies retweeted
Labour’s trick to keep spending? Fiscal rules based on a rolling forecast, with targets that are highly unlikely to be met.
Daniel Herring, Head of Economic and Fiscal Policy at the CPS, reacts to the Budget on @CapX's The Capitalist podcast.
Centre for Policy Studies retweeted
What can Britain learn from Poland about backing small businesses? 🇵🇱🇬🇧
CPS Head of Small Business and Entrepreneurship @rcolvile explains why Poland’s positive attitude towards small businesses offers a lesson for the UK.
Centre for Policy Studies retweeted
"It was a great big fat NOTHING BURGER except for the little gimmicky giveaways. But even they weren't what they seemed."
Director of the @CPSThinkTank and economist @LiamHalligan gives his verdict on John Healey's first budget.
Centre for Policy Studies retweeted
It seems to me that this Labour government is now, finally, starting to understand that endless borrowing and spending will end up seriously spooking the bond markets, driving the UK off a fiscal cliff-edge.
That's why there were no big giveaways in this "big fat nothing-burger" of a budget.
But that doesn't mean the UK's isn't still extremely fiscally vulnerable ....
The OBR is now projecting borrowing of 4.2pc of GDP for 2026–27, materially higher than the 3.6pc anticipated in the March forecast.
Plus, debt interest payments in the current fiscal year are now set to reach £122 billion, up from previous £108 billion estimate – and rising to a massive £155 billion in 2027/28
I discuss Labour's 2026 Budget Statement with @TVKev on @TalkTV, having spent today going through John Healey's measures with colleagues at @CPSThinkTank and @CapX
Centre for Policy Studies retweeted
The OBR is clear that Government policy decisions around taxation and regulation are weighing down housebuilding
Centre for Policy Studies retweeted
The stuff on devolving power to approve transport projects and let areas keep the proceeds of development has potential (see @Ben_A_Hopkinson for @CPSThinkTank)
Centre for Policy Studies retweeted
The Budget could reportedly put an extra ÂŁ20bn into bodies like the National Wealth Fund. Under the debt measure adopted in 2024, their investments largely offset the borrowing.
Tim Dier @CPSThinkTank argues this hides debt, much as PFI did. @CapX
briefing.capx.co/p/weekly-br…
Centre for Policy Studies retweeted
As @TimDier predicted for @CPSThinkTank, they're using the PuFins to get round the borrowing rules cps.org.uk/research/pufins-t…
Centre for Policy Studies retweeted
Worth reupping this @CPSThinkTank polling. If it is going to be a Budget for small businesses and 'bloody-minded entrepeneurs' (as briefed) then it is energy bills that they most want help with, followed by business rates and employment costs teapaw.org/rcolvile/status/211146…
What do small businesses most want help with at the Budget? Energy bills. (Followed by business rates and employment costs.) New finding from @OpiniumResearch polling of 500 SME leaders for @CPSThinkTank
Centre for Policy Studies retweeted
Labour says it wants growth and jobs.
So why make it so much harder for family-owned firms that employ so many workers across Britain to survive?
CPS director @LiamHalligan on the tax changes facing family firms.
Centre for Policy Studies retweeted
We're looking for someone to help us make more content like this. If you're interested, apply now 👇
smartthinking.org.uk/job/hea…
Labour says it wants growth and jobs.
So why make it so much harder for family-owned firms that employ so many workers across Britain to survive?
CPS director @LiamHalligan on the tax changes facing family firms.
Centre for Policy Studies retweeted
Not properly recognising liabilities is one of the two pathologies of every financial scandal. (The other is recognising revenue which never turns into cash flow).
When Rachel Reeves changed the headline debt target in October 2024, she did more than tweak an accounting rule.
By switching from measuring public sector net debt (PSND ex BoE) to public sector net financial liabilities (PSNFL), ministers created a channel to spend the same taxpayer money through Public Financial Institutions, or “PuFins”.
Debt is still debt but under Labour’s fiddled measure, spending via a PuFin barely registers against the fiscal rules.
As this excellent report from the Centre for Policy Studies shows, had the old target been kept, the October 2024 Budget would have broken the debt rule by ÂŁ6 billion. Under the new one, it passed with ÂŁ16 billion to spare.
Expect next week’s budget to include more examples of this dodge.
cps.org.uk/research/pufins-t…
Centre for Policy Studies retweeted
Excellent report by @CPSThinkTank about changes by @RachelReevesMP to accounting rules for bodies ( #PuFins) like the National Wealth Fund, @UKEF @BritishBBank and the National Housing Bank. These allow for more spending under the fiscal rules. @LiamHalligan
Not properly recognising liabilities is one of the two pathologies of every financial scandal. (The other is recognising revenue which never turns into cash flow).
When Rachel Reeves changed the headline debt target in October 2024, she did more than tweak an accounting rule.
By switching from measuring public sector net debt (PSND ex BoE) to public sector net financial liabilities (PSNFL), ministers created a channel to spend the same taxpayer money through Public Financial Institutions, or “PuFins”.
Debt is still debt but under Labour’s fiddled measure, spending via a PuFin barely registers against the fiscal rules.
As this excellent report from the Centre for Policy Studies shows, had the old target been kept, the October 2024 Budget would have broken the debt rule by ÂŁ6 billion. Under the new one, it passed with ÂŁ16 billion to spare.
Expect next week’s budget to include more examples of this dodge.
cps.org.uk/research/pufins-t…
Centre for Policy Studies retweeted
🧵The Government has finally bowed to common sense and given the green light to the Jackdaw gas field in the North Sea.
It’s the sensible move and a good start, although a decision on Rosebank is not yet forthcoming.
✍️@the_sean_ridley
Centre for Policy Studies retweeted
Why do I think we can/should build on the Green Belt? Let me explain...
Centre for Policy Studies retweeted
For this paper, @CPSThinkTank & @createstreets carried out the most detailed survey of England’s green belts in years. We trawled the data. We flew drones. And we found there is an awful lot of beautiful, valuable land. But there is an awful lot that isn't.
Centre for Policy Studies retweeted
100 years ago, England embarked on one of the most successful urban expansion projects in history: the creation of Metroland, beautiful suburbs and towns, strung along the railway lines out of London. Today, @SCP_Hughes, @createstreets and I set out how we can do it again. (1/?)
