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Congratulations to Anna Valero, distinguished policy fellow at LSE and director of CEP's growth programme, who has been appointed as industrial strategy adviser to the chancellor. Dr Valero, a growth and productivity ex... Read more...
23 October 2025
The UKRI Economic and Social Research Council (ESRC) has awarded the Centre for Economic Performance (CEP) £9.2mn for its five-year programme of work from 2025. This renewed funding will enable CEP to co... Read more...
18 March 2025
John Van Reenen, an innovation expert and former Downing Street policy adviser under Tony Blair’s New Labour government, will head the body, which is expected to sit within the heart of the Treasury. Sources close ... Read more...
11 July 2024
Dimitri Zenghelis, Esin Serin, Anna Valero, John Van Reenen and Bob Ward - authors of the LSE paper titled Boosting Growth and Productivity in the UK Through Investments in the Sustainable Economy - examine the fitness o... Read more...
22 January 2024
Ralf Martin investigates whether consumers' environmental convictions will fade when confronted with higher prices, showing that consumers seem to prefer environmentally conscious choices, and indicating that changing at... Read more...
06 July 2023
Anna Valero has been appointed to the chancellor’s economic advisory council, it was announced today. The council provides independent, expert advice on economic policy to help grow the economy. Dr Valero, senior... Read more...
18 April 2023
Without inherited wealth or a leg-up from the Bank of Mum and Dad, prospective first-time buyers are forced to abandon dreams of home ownership. Paul Cheshire describes the state of affairs for first-time buyers in Londo... Read more...
27 January 2023
Liz Truss and Kwasi Kwarteng don’t seem to know how to go about it. Here are a few starting points. ... Read more...
07 October 2022
High energy prices are causing problems, as are the consequences of the Covid pandemic and the effects of Brexit. But research by the Resolution Foundation and the Center for Economic Performance suggests the causes of t... Read more...
15 July 2022
Swati Dhingra has been appointed to the Bank of England’s Monetary Policy Committee (MPC) by chancellor Rishi Sunak. The MPC is responsible for deciding what monetary policy action the Bank of England will take to... Read more...
12 May 2022
The pace of change in the UK jobs market has slowed to its lowest level in decades and, even the disruption of the pandemic, has been a far cry from the upheaval of the 1980s, according to research by the Resolution Foun... Read more...
06 January 2022
Moving to a new employer offers a greater salary increase than staying put - and workers who resign to take up work in booming sectors stand to gain even more, according to research from the Resolution Foundation think t... Read more...
Jonathan Colmer and John Voorheis analyse the importance of environmental quality in shaping economic opportunity, and how improvements in health associated with lower prenatal pollution exposure may have... Read more...
11 February 2021
Home Affairs editor A THOUSAND "commuter villages" with 2.1million new homes should be built on the green belt near railway stations to help solve the housing crisis, a leading government adviser and academic has propose... Read more...
22 September 2019
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19 August 2019
The £15bn Crossrail will serve the Buckinghamshire village of Taplow, in the green belt, next year, yet no homes can be added there, noted Professor Paul Cheshire of the London School of Economics ... Read more...
10 June 2018
By sticking with the UK, the London School of Economics estimated Scotland will be £30bn worse off after Brexit, and the Bank of England reckoned incomes will be 900 a year less . ... Read more...
Economists Jeffrey Sachs, John Helliwell and Richard Layard pointed out several factors that affect the well-being of citizens, including GDP per capita, life expectancy, corruption and social support. However... Read more...
16 May 2018
Finland, a perennial chart-topper on global rankings of well-being and prosperity, has just been named the world’s happiest country in the World Happiness Report. Finns are not happy about the news. &hel... Read more...
14 May 2018
This is hardly a fringe view. Economists Christian Hilber and Wouter Vermeulen point out that house prices would be 35 per cent lower if the most restrictive parts of the country (the South-East) were merely a... Read more...
08 May 2018
Pawel Bukowski (LSE) about the research presented at the IBS seminar “(Un)equal wages, incomes and wealth in Poland?” (Warsaw, 23/10/2017). ... Read more...
12 April 2018
DOI: 10.1111/ecoj.12429 Related publications Distinctively Different: A New Approach to Valuing Architectural Amenities Gabriel M. Ahlfeldt and Nancy Holman, SERC Discussion Paper No.171, Febru... Read more...
05 February 2018
The green belt is associated in most people’s minds with England’s “green and pleasant land” immortalised by William Blake in his poem Jerusalem. But according to Paul Cheshire, profess... Read more...
01 February 2018
There is another B word that keeps popping up whenever the shortcomings of B for Brexit are highlighted. B for Bandwidth. We heard it from Alan Milburn as he explained why he was stepping down from his work he... Read more...
10 December 2017
Article by Christian Hilber and Teemu Lyytikainen How replacing stamp duty with better-designed local taxes could alleviate the crisis of housing availability. The SDLT (commonly labelled ‘stamp... Read more...
28 November 2017
Wales and Northern Ireland have suffered the worst spikes in inflation in the UK as a result of last year’s vote for Brexit, according to new research from the London School of Economics. The analysis by... Read more...
20 November 2017
...Chancellor Philip Hammond is looking to reform the planning system by allowing building on the green belt to help more people possibly young people get on the housing ladder this attempt result the housing ... Read more...
06 November 2017
Snippet: Mention of LSE study on cost of Brexit for Scotland ... Read more...
26 October 2017
Snippet: Discussion of study on cost of Brexit for Scotland ... Read more...
24 October 2017
Over the last full economic cycle, from 1993 to 2008, the cost of a hectare of residential land in London rose by over 300% in real terms, to more than £8m ($15m) and enough green-belt land is available ... Read more...
27 August 2017
We are also now beginning to see why Scots voted 2:1 to remain in the EU. The thinktank Centre for Cities has predicted that Scotland’s major cities will suffer the worst consequences of Brexit, hard or ... Read more...
30 July 2017
Brexit will hit hardest in the South of England, according to new research. But although the more prosperous cities of the South will lose the most, they will find it easiest to adapt. Aberdeen in the Nor... Read more...
29 July 2017
Brexit will hit Scottish oil capital Aberdeen the hardest of all Britain’s cities, with London also ranking highly and facing a medium-term blow to economic output of as much as 2.6 percent, academics at... Read more...
28 July 2017
Woking has the highest density of golf courses of anywhere in the UK at more than 10% According to The Guardian , Surrey has more land for golf courses than homes thanks to planning policies that ensure the... Read more...
27 July 2017
Letter from Edwin Loo, Singapore Singapore is one of only a few jurisdictions in the world to have successfully implemented a comprehensive system of land value capture through betterment taxes and revenues... Read more...
12 July 2017
Newspaper headlines this week have been shouting about a crash in the housing market. Massive collapse! Property prices could plunge! We hear from the man quoted in many of those stories, Professor Paul Cheshi... Read more...
08 July 2017
Paul Cheshire, Professor of Economic Geography at the London School of Economics is a longstanding critic of Britain’s byzantine planning system. [No link] ... Read more...
02 December 2016
HUGE THREAT TO ECONOMY TO OVERSHADOW TORY BUDGET The Scottish National Party has said that the threat of a hard Brexit will be the ‘elephant in the room’ at the Autumn Statement. “The T... Read more...
20 November 2016
The impact on productivity is as bad. The LSE (Centre for Economic Performance) suggests reduced trade will reduce productivity amounting to between 6.3 per cent and 9.5 per cent of GDP. This article was pu... Read more...
A study carried out by the Centre for Economic Performance at the London School of Economics shows that these students have a positive effect on the English students. "Data from the Catholic schools, w... Read more...
13 November 2016
Trump’s true legacy will be that of rural vandalism on a colossal scale. A unique wilderness at Menie destroyed for a golf course. This was a site of Special Scientific Interest, the highest environmenta... Read more...
01 November 2016
Article by Gabriel Ahlfeldt and Nancy Holman Good architectural design is a public good, but economists and policymakers lack robust evidence on the impact of well designed architecture on location value when planning s... Read more...
24 September 2016
However, land regulation may play a bigger role. According to a recent paper by Christian Hilber and Wouter Vermeulen of the London School of Economics, alongside Greater London, scarcity of open, developable land is gre... Read more...
Even [Sadiq] Khan's predecessor Boris Johnson campaigned with several plans to build 55,000 new homes in London and to slow down the price increase caused by demand pressures. Up to the end of his tenure, he failed. Khan... Read more...
22 September 2016
There have been major changes to Ireland's apprenticeship system over the past few years, and now the overall number of apprentices is expected to increase to about 10,700. And, although Ireland's apprenticeship system i... Read more...
13 September 2016
Brexit will be deeply damanging to Scotland's economy, warns Nicola Sturgeon. ...by the Treasury, the National Institute of Economic and Social Research and the London School of Economics' Centre for Economic Performanc... Read more...
23 August 2016
Paul Cheshire argues that golf courses capitalise on green belt planning laws which keep down land prices and contribute to a housing shortage. The interview was broadcast by BBC Radio 4 on August 10, 2016 Link to th... Read more...
10 August 2016
Professor Curran said said non-tariff barriers could raise costs for NI farmers by between 2% and 4% and a recent study by the Centre for Economic Performance (CEP) found that a 2% increase in non-tariff barriers could a... Read more...
27 July 2016
For example, I have obtained an internal Scottish Enterprise document circulated last week among senior managers declaring the consequences of Brexit for the Scottish manufacturing sector ''to be overwhelmingly negative'... Read more...
09 July 2016
Brexit uncertainty ''would tend to push up risk premia'', as InFacts has already pointed out. Funding costs for banks could go up, as would borrowing costs for homeowners and consumers. The UK's current account deficit i... Read more...
12 May 2016
There is enough green-belt land in Greater London to build 1.6m houses at average densities, says Paul Cheshire of the London School of Economics (LSE) - about 30 times the number of new houses London needs a year. But o... Read more...
30 April 2016
Poor land-use regulation is the main reason for Londons crazy prices. Two problems stand out. ... There is enough green-belt land in Greater London to build 1.6m houses at average densities, says Paul Cheshire of the Lo... Read more...
25 April 2016
Investors who strongly favour green energy make less thorough location searches, writes Yatang Lin Wind power is becoming an increasingly important part of the US energy mix, taking up more than four per cent of the tot... Read more...
19 April 2016
It costs a relatively large amount of money to buy a house in the UK - something readers from the UK will almost certainly agree with. But economists differ over why this is. This column argues that strict planning regul... Read more...
10 April 2016
The CBI also said savings from reduced contributions to the EU's budget and regulation would be greatly outweighed by the negative impact on trade and investment. Last week a report by the Centre for Economic Performance... Read more...
21 March 2016
According to studies conducted by John Van Reenen, director at the Centre for Economic Performance at the London School of Economics and Political Science, differences in productivity between other countries and the US c... Read more...
11 March 2016
London is not representative of the entire economy of Britain, however; leaving the European Union would cause a large economic shock. The Centre for Economic Performance at the London School of Economics predicted a 6.3... Read more...
07 March 2016
Article by Swati Dhingra and Thomas Sampson In June, UK voters will decide whether to remain part of the EU. This column explores the UK's options if a majority votes in favour of Brexit. One possibility is for the UK, ... Read more...
04 March 2016
Paul Cheshire is interviewed about building on the green belt in the South East. The interview was broadcast by BBC South East on the Inside Out programme on February 29, 2016 Link to recorded interview here Related... Read more...
29 February 2016
[David] Blanchflower and [Stephen] Machin argue labour market must tighten further before pay growth picks up, something Bank of England consistently fails to acknowledge. This article was published by The Guardian on F... Read more...
02 February 2016
Professor Paul Cheshire accused the tycoon of hugely exaggerating the size and benefits of his stake in Scotland and said promises made by him were falling apart at the seams. This article was published by the Mail on ... Read more...
10 January 2016
This was based on a study by Professor Paul Cheshire, of the London School of Economics, which declared that... This article was published by The Times on September 30, 2015 [Subscription needed to view article.] Re... Read more...
30 September 2015
...Unprecedented and profound mutation in the English system", says Stephen Machin, Professor of Economics at the University College of London (UCL). This article was published online by Acteurspublics on September 1, 2... Read more...
01 September 2015
Similar work by Paul Cheshire and Christian Hilber, of the London School of Economics, estimated that in the early 2000s this regulatory shadow tax was roughly 300% in Milan and Paris, 450% in the City of London, and 800... Read more...
22 June 2015
Paul Cheshire discusses using limited amount of London's green belt for housing. The interview was broadcast by BBC Radio 4 News on June 14, 2015 [No link available.] Related Publications The Green Belt: A Plac... Read more...
14 June 2015
Britain's politicians say they are keen to reward aspiration, but soaring house prices are a significant block to achieving this. Professor Christian Hilber, from the London School of Economics, explains to Ferdinando Gi... Read more...
09 June 2015
A steep reduction in UK emissions over the last two decades disguises a number of ineffective government policies, argues a new report from the London School of Economics. In a briefing on the key environmental policy is... Read more...
30 April 2015
The cost of subsidising the construction of more renewable energy won't deter industry from investing in Europe, according to a new study by the London School of Economics. ''Contrary to some claims, rises in energy pr... Read more...
02 March 2015
Researchers says even a 10-fold rise in EU carbon price would lead to a less than 0.5 per cent drop in exports A large rise in energy prices would barely affect exports from European industry and the balance of trade, a... Read more...
The stereotype of concrete London is misleading: a fifth of all land in the Greater London Authority is green belt, according to a report by the London School of Economics, business group London First and planning firm Q... Read more...
27 February 2015
In Switzerland and under the mattress here is where the money goes that Greeks have withdrawn from ATMs The great capitals [wealth], however, are probably already fled. And Switzerland, according to research by economi... Read more...
07 February 2015
Building an economy upon a massive and growing distortion in the market for land is foolish In a recent paper, Christian Hilber of the London School of Economics and Wouter Vermeulen of the Netherlands bureau for econom... Read more...
05 February 2015
Consider the example of planning policy. On one side of the barricades, there are those opposed to new development - perhaps not in general, but certainly when it comes to any specific attempt to build much-needed new h... Read more...
21 January 2015
LONDON GREENBELT: The London Society was instrumental in formulating London's Green Belt in the 20th century. Tonight, near Farringdon, it hosts a debate about the future of London's Green Belt with Jonathan Manns on beh... Read more...
07 December 2014
Poll respondent Sir Christopher Pissarides, professor at the London School of Economics, said the prospect that governments in London and Edinburgh would compete to attract taxpayers would far outweigh any gains; and adm... Read more...
21 November 2014
Professor Paul Cheshire of the London School of Economics, has written that ''the unstoppable damage they do to societal fairness, housing affordability, the economic efficiency of our cities, even the environment, is de... Read more...
19 October 2014
Alluding to research from the London School of Economics, which showed more of Surrey if devoted to golf courses than housing, Dr Cable said if he was in a middle-income family struggling to find a home in the county, he... Read more...
16 October 2014
New homes should be built on golf courses in an attempt to solve the housing crisis, Vince Cable has suggested. ... Dr Cable was responding to a study by the London School of Economics which suggested that more of Surrey... Read more...
08 October 2014
In a letter to the Financial Times, academics from Scotland and England warn that separation is a gamble with very poor odds. Professor John Van Reenen, Director of the Centre for Economic Performance; Professor Mike El... Read more...
17 September 2014
En el otro lado, el economista Luis Garicano, tambien de la London School of Economics, advirtio de los ''brutales costes de un divorcio a las bravas'', pero dejo tambien un duro ataque a la actitud del Ejecutivo de Mari... Read more...
02 September 2014
The SNP has been in government in a devolved Scotland for more than seven years. During that time it has had control over most of the levers of social justice, from education to healthcare, from local authority spending ... Read more...
27 July 2014
Only 10 per cent of the value of land in expensive cities is due to its natural scarcity. The rest is planning restrictions. Paul Cheshire and Christian Hilber at the London School of Economics applied the same trick to ... Read more...
16 July 2014
Presenter quotes an earlier appearance by Paul Cheshire on the BBC's 'Sunday Politics Show' discussing the use of the green belt for new housing sites. This mention was on the BBC Radio Bristol News on July 11, 2014... Read more...
11 July 2014
The Government's Help to Buy scheme was also helping first time buyers move into the market, she added but Prof. Cheshire rejected the measures as ''putting fingers in dykes''. ''The help to buy scheme is simply a rec... Read more...
06 July 2014
Barry Sheerman MP mentioned LSE report which highlighted percentage of greenbelt land which could be used for housing. The broadcast was made by BBC Parliament on June 30, 2014 Related publications Turning houses ... Read more...
30 June 2014
As Prof Paul Cheshire points out in London School of Economics journal Centrepiece, more of the county of Surrey is devoted to golf courses than houses. Just 10 per cent of England is built up, and gardens cover nearly h... Read more...
19 June 2014
Stephen Stone, chief executive officer of Crest Nicholson Holdings Plc and Paul Cheshire, professor of economic geography at London School of Economics, discuss U.K. property prices, planning laws and building on green-b... Read more...
17 June 2014
According to Professor Paul Cheshire, you could build 1.6 million homes at average densities if just a fraction of that greenbelt space, much of it riding schools and golf courses, were reclassified. This article was... Read more...
16 June 2014
The fourth reason given for building on the green belt: It encourages inequality The green belt increases social inequality by acting as a wall that confines urban dwellers at increasingly higher densities. Prof Paul C... Read more...
21 May 2014
Paul Cheshire discusses need for more housing on greenbelts. This interview was broadcast by BBC Berkshire on May 14, 2014 No link available. Related publications Turning houses into gold: the failure of Britis... Read more...
14 May 2014
Green belt polices that aim to keep ''the urban unwashed out of the Home Counties'' are causing a housing affordability crisis, according to a London School of Economics (LSE) professor. Britain's booming house prices ha... Read more...
02 May 2014
Article by Paul Cheshire While research I did in the 1980s showed that there was a small but measurable value of Greenbelts for people who lived near them, recent research by colleagues at the London School of Economics... Read more...
11 November 2013
New paper by Pawel Bukowski and Filip Novokmet “Inequality in Poland: Estimating the Whole Distribution by g-percentile 1983-2015” combines national accounts, survey and tax data in order... Read more...
29 November 2007