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News Archive 2011![]() The Daily TelegraphSkill shortages 'deter hirers'A survey by the British Chambers of Commerce reveals that the majority of firms eager to create new jobs are "frustrated" by skills gaps and onerous regulation. A separate study by the LSE has warned that apprenticeship funding is "dysfunctional"This article appeared in The Daily Telegraph on 14 December 2011 Link to article Related publications Apprenticeship Policy in England: Increasing Skills versus Boosting Young People's Job Prospects', Hilary Steedman, CEP Policy Analysis PA013, November 2011. 'Young People Without Qualifications: How 'Headline Numbers' Shape Policy and Aspiration', Hilary Steedman, article in CentrePiece Volume 16, Issue 2, October 2011 Related Links Hilary Steedman webpage News Posted: 14/12/2011 [Back to the Top] ![]() Business WeekCameron Can't Cut Britain Adrift From EUPrime Minister David Cameron's decision to distance Britain from European efforts to save the euro isn't likely to make the U.K. more independent of the bloc. "Politically the U.K. has lost power and credibility, and its isolation weakens its future position almost certainly" said Joan Costa i Font, professor of political economy at the London School of Economics.This article appeared on Bloomberg Businessweek on 14 December 2011. Link to article Related Links Joan Costa-i-Font webpage News Posted: 14/12/2011 [Back to the Top] ![]() Walesbusiness.orgHearts + minds = more innovationThe research aims to develop a much clearer picture of what business leaders and top management teams can do to develop their organizations and become more innovative. A large-scale research project conducted by McKinsey & the London School of Economics, in 2007, suggested that the top 25% of manufacturers in Europe regularly adopted and implement contemporary management practices and processes. News Posted: 13/12/2011 [Back to the Top] ![]() The New NationCycling industry gives UK £3bn boostCycling generates nearly £3bn a year for the UK economy, a report by the London School of Economics has found. The figure takes into account factors such as bicycle manufacturing, retail and cycle-related employment....This article appeared in The New Nation on 5th December 2011 link to article Related publications The British Cycling Economy: Gross Cycling Product Report by Alexander Grous, for Sky and British Cycling Related links ![]() MarketplaceSuper committee fails, but US investment still best optionTim Leunig of the London School of Economics says the U.S. is simply the best of a bad lot. The American economy is growing. It's certainly growing much faster than almost everywhere in Europe. So America has the great advantage that so long as everybody else messes up, it's still the best country you can put your money in. This article appeared in Marketplace on the 5th December 2011 link to article
![]() MarketplaceEurozone leaders meet in FranceProfessor Albrecht Ritschl of the London School of Economics says the Germans face a stark choice. Related links Albrecht Ritschl webpage Macro Programme webpage News Posted: 05/12/2011 [Back to the Top] ![]() MarketplaceEurope weighs greater fiscal consolidationOf course, if the eurozone turned itself into a real fiscal union with all the member states guaranteeing each other's debt, that would stop the crisis in its tracks. But Tim Leunig of the London School of Economics says that's not going to happen.Tim Leunig: Germany is not going to want to give huge amounts other people who it sees as feckless. But equally, other people are not going to want to be bossed about by Germany and told what they can and cannot spend their money on. This article was published in Marketplace on Sunday December 4, 2011. Link to article Link to BBC News, Foreign student visa review call by UK advisory body 4th December 2009 Related Links Tim Leunig webpage News Posted: 04/12/2011 [Back to the Top] ![]() MarketplaceGerman bonds auction flop raises alarmAlbrecht Ritschl: Now it turns out that the whole debt burden of southern Europe combined is quite a bit too big to be shouldered by the Germans. This article appeared in Marketplace on December 3, 2011Link to article Related Links Albrecht Ritschl webpage Macro Programme webpage News Posted: 03/12/2011 [Back to the Top] ![]() Radio Free EuropeWhat if the Eurozone collapses?Many experts believe that if the eurozone were to break apart it would be because richer members leave it rather than continue to try to bail out poorer ones. In fact, there are already some signs that the richer countries -- the so-called "core" or northern countries of the zone -- are already considering that option."They've discussed having a treaty amongst a smaller number of countries that would have a lot more fiscal coordination and a centralized treasury even, perhaps a eurobond at the end of it all, and I think that's the direction in which they are going to move," says Peter Boone, a senior visiting fellow at the London School of Economics.This article appeared on Radio Free Europe on Friday December 2, 2011
Related links News Posted: 02/12/2011 [Back to the Top] ![]() DCSF.gov.ukMichael Gove speaks to the Schools NetworkSpeech given by Michael Gove on December 1, 2011 in Birmingham This article appeared on the UK Department of Education website on Friday December 2, 2011
Related publications Related links News Posted: 02/12/2011 [Back to the Top] ![]() La Opinion de MurciaLos deberes urgentes de Rajoy"Hace falta urgentemente una reestructuración del sistema financiero que elimine la carga de la deuda inmobiliaria del pasado", sentencia Luis Garicano, profesor de la London School of Economics y miembro del llamado "grupo de los Cien" (economistas vinculados a la Fundación Fedea). ¿Cómo puede plantear el Gobierno de Rajoy esa limpieza? ¿Con qué coste para el erario público, tan escuálido en recursos y tan vigilado por los acreedores (inversores)? Garicano apuesta por la vía de crear un "banco malo". Related links News Posted: 02/12/2011 [Back to the Top] ![]() City AMDemand for new laws to defeat unionsDemand for new laws to defeat unions: Prof Alan Manning from the Centre for Economic Performance at the LSE, said: "There are many areas of conflict between the public sector and government. They are unlikely to be resolved very soon." Related links News Posted: 02/12/2011 [Back to the Top] ![]() BBC Radio 2Jeremy Vine showRichard Layard was interviewd by Jeremy Vine about his research findings on Happiness and WellbeingThis show was broadcast on BBC Radio 2 on December 2, 2011 Link to programme. Related Links Richard Layard webpage Wellbeing Programme webpage Happiness Research webpage News Posted: 02/12/2011 [Back to the Top] PrintWeekFamily-run firms are Britain's 'weak economic linkProfessor John Van Reenen, director of the LSE’s Centre for Economic Performance, told The Telegraph that management quality was "highly linked" to productivity and profits, and that second- and third-generation firms typically had weaker management than peers run by hired hands. This article appeared in the PrintWeek on December 1, 2011Link to article Related Publications Related publications News Posted: 01/12/2011 [Back to the Top] ![]() The Daily TelegraphFamily-run firms 'holding back Britain's economy'LSE academics surveyed 10,000 companies for the Business Department. Family firms should heed LSE's findings: many of our most successful private companies are family-run and they will be justifiably indignant at the London School of Economics' finding that ho hum management in family firms is holding the economy back.This article appeared in the The Daily Telegraph on December 1, 2011 Link to article Related Publications ‘Measuring and Explaining Management Practices Across Firms and Countries’, Nick Bloom and John Van Reenen, Centre for Economic Performance Discussion Paper No. 716, March 2006 News Posted: 01/12/2011 [Back to the Top] ![]() The GuardianGermany's hardline attitude is making the situation in Europe worseGermany's hardline attitude is making the situation in Europe worse Related links Albrecht Ritschl webpage News Posted: 08/11/2011 [Back to the Top] ![]() City AMPay may be earnedResearch carried out by Brian Bell and John Van Reenen at the LSE has found that the performance of firms could explain between one-quarter and one-half of the rise in the gap between the pay of workers and chief executives. This article appeared in City AM on 8 November 2011 link to articleRelated publications 'Firm Performance and Wages: Evidence from Across the Corporate Hierarchy’, Brian Bell and John Van Reenen, Centre for Economic Performance Discussion Paper No.1088, November 2011 Brian Bell webpage News Posted: 08/11/2011 [Back to the Top] ![]() ISC Daily News SummaryUniversity students increasingly seeking second degrees to compete for top jobsOne degree is no longer enough to secure the best-paid jobs, according to research. Growing numbers of university students are staying on after their bachelors’ degrees to complete postgraduate masters and doctorate courses, said the study by the Centre for Economic Performance at the London School of Economics. Employers are increasingly seeking more highly qualified staff and typically pay workers with postgraduate courses 13 per cent more than those with first degrees only. Workers with degrees have traditionally been paid better than those without, but the research from Prof Stephen Machin of University College London and Joanne Lindley from the University of Surrey found a significant gap opening between employees with one degree and those with higher qualifications. This article appeared in ISC Daily News Summary on 25 October 2011 link to articleRelated publications ‘The Boom in Postgraduate Education and its impact on Wage Inequality’, Joanne Lindley and Stephen Machin. Article in CentrePiece Volume 16, Issue 2, Autumn 2011 Stephen Machin webpage News Posted: 26/10/2011 [Back to the Top] The TelegraphUniversity Students increasingly seeking second degrees to compete for top jobsTextNews Posted: 26/10/2011 [Back to the Top] Evidence on NHS competitionResponse to Allyson Pollock et al.Recent evidence from the LSE has been widely cited as showing positive effects from choice and competition between hospitals in the NHS. A recent Lancet piece was highly critical of the LSE research (and a number of other papers that used a similar approach).Read the authors response to these criticisms here News Posted: 20/10/2011 [Back to the Top] ![]() The EconomistHoney, we shrunk the hospitalsA survey by the LSE, McKinsey and American health academics has found that larger hospitals enjoy superior outcomes in key areas and tended to be better managed.This article appeared in The Economist on October 1, 2011 Link to article Related Publications Management in Healthcare: Why Good Practice Really Matters, Stephen Dorgan, Dennis Layton, Nicholas Bloom, Rebecca Homkes, Raffaella Sadun and John Van Reenen. Joint McKinsey & Co, CEP and LSE Report ‘The Impact of Competition on Management Quality: Evidence from Public Hospitals’, Nicholas Bloom, Carol Propper, Stephan Seiler and John Van Reenen, Centre for Economic Performance Discussion Paper No. 983, May 2010 Related Links Nicholas Bloom webpage Rebecca Homkes webpage Raffaella Sadun webpage John Van Reenen webpage Productivity and Innovation Programme webpage News Posted: 01/10/2011 [Back to the Top] ![]() LSE onlineA safer way to save the eurozone proposed by European economistsA system of 'European Safe Bonds' run by a continent-wide debt agency could save the eurozone without the need for fiscal union argue two leading analysts from the London School of Economics and Political Science. Professors Luis Garicano and Dimitri Vayanos are among a group of academics from the Euro-nomics group who have today set out their proposal for the bonds which would be stable enough to survive even a debt default by one or more European countries.This article appeared on LSE online on September 30, 2011 Link to article Related Links Luis Garicano webpage Productivity and Innovation Programme webpage News Posted: 30/09/2011 [Back to the Top] ![]() EuromoneyChina won't bail out Greece“[As opposed to supporting Greek investment], supporting multinational investment helps China to develop global firms as well as diversity their capital outflow, predominantly away from government debt such as US Treasuries”, says Linda Yueh, a fellow of economics at the University of Oxford.This article appeared in Euromoney on September 30, 2011 Link to article Related Links Linda Yueh webpage Globalisation Programme webpage News Posted: 30/09/2011 [Back to the Top] ![]() A safer way to save the eurozoneProposal by CEP Researcher Luis Garicano to save the EuroA system of 'European Safe Bonds' run by a continent-wide debt agency could save the eurozone without the need for fiscal union argue two leading analysts from the London School of Economics and Political Science.Professors Luis Garicano and Dimitri Vayanos are among a group of academics from the Euro-nomics group who have today set out their proposal for the bonds which would be stable enough to survive even a debt default by one or more European countries. The group's open letter is published in today's (28 September 2011) Wall Street Journal and in El Pais in Spain. Read more about the proposal on the LSE website Full text of the letter and more details at the Euro-nomics site Related links Luis Garicano webpage Productivity and Innovation Programme webpage News Posted: 28/09/2011 [Back to the Top] ![]() Irish TimesOnly confidence evident in markets is that things will definitely get worseAccording to Stanford economics professor Nicholas Bloom, a US recession is almost unavoidable. He studied 16 previous “uncertainty shocks” (events like the Cuban missile crisis and the 9/11 attacks) and concluded that “large short-run recessions” invariably result. “When people are uncertain about the future, they wait and do nothing,” Bloom cautioned.This article appeared in the Irish Times on August 12, 2011 Link to article Related Publications In brief: The recession will be over sooner than you think, in CentrePiece 13(3) Winter 2008/9, Nick Bloom and Max Floetotto ‘Uncertainty and the Dynamics of R&D’, Nicholas Bloom, Centre for Economic Performance Discussion Paper No.792, May 2007 ‘Uncertainty and Investment Dynamics’, Nicholas Bloom, Stephen Bond and John Van Reenen, Centre for Economic Performance Discussion Paper No.739, August 2006 ‘The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation’, Nicholas Bloom, Centre for Economic Performance Discussion Paper No.718, March 2006 Related Links Nicholas Bloom webpage Productivity and Innovation Programme webpage News Posted: 12/08/2011 [Back to the Top] ![]() Sound MoneyEurozone debt crisis is back with a vengeanceTim Leunig: The question is: do Germans want to guarantee Greek, Italian and Spanish debt? I don't see any evidence of that.This article appeared in Sound Money on August 3, 2011 Link to article Related Links Tim Leunig webpage Globalisation Programme webpage News Posted: 03/08/2011 [Back to the Top] ![]() ABC de Sevillala politica como agravante…de la primera semana de octubre», indicó Garicano en declaraciones a Ep. A juicio del profesor de la London School of Economics (LSE) y miembro de Fedea, "la situación española es extremadamente preocupante..."This article appeared in ABC de Sevilla on August 3, 2011 Link to article Related Links Luis Garicano webpage Productivity and Innovation Programme webpage Also in News Posted: 03/08/2011 [Back to the Top] ![]() Ideal DigitalUn alza histórico para la prima de riesgo…es "muy preocupante y peligrosa" porque se no está acabando el tiempo. Para Luis Garicano, profesor de la London School of Economics, la solución pasaría porque el BCE empezara a comprar deuda pública española...This article appeared in Ideal Digital on August 2, 2011 Link to article Related Links Luis Garicano webpage Productivity and Innovation Programme webpage Also in News Posted: 02/08/2011 [Back to the Top] ![]() CNNOpinion: Debt deal no cause for celebrationArticle by Ethan Ilzetzki on the US debt deal. He says raising the debt ceiling should have been a "no-brainer".This article appeared on CNN on August 1, 2011 Link to article Related Links Ethan Ilzetzki webpage Macro Programme webpage Also in Tuesday 2 August CNNExpansion.com (Mexico) Opinion: El acuerdo sobra la deuda no es de celebrar Article by Ethan Ilzetzki …es conferencista y profesor adjunto del Departamento de Economía y Asociado al Centro de Presentaciones Económicas de la London School of Economics. Se ha desempeñado en posiciones de políticas e investigación... News Posted: 01/08/2011 [Back to the Top] ![]() British Medical JournalCompetition in healthcare can help to save lives, study concludesCompetition among hospitals in England led to a 7% fall in the number of deaths from acute myocardial infarction over three years, saving around 900 lives, a new study claims. Zach [sic] Cooper, a health economist working at the London School of Economics and one of the study’s authors, said, “Our study suggests that creating incentives for hospitals by introducing competition alongside providing patients with publicly available information can improve patient outcomes and save lives.This article appeared in the British Medical Journal, August 1, 2011 Link to article Related Publications Does Hospital Competition Improve Efficiency? An Analysis of the Recent Market-Based Reforms to the English NHS, Zack Cooper, Steve Gibbons, Simon Jones and Alistair McGuire, The Economic Journal, 121, August 2011. Related Links Zack Cooper webpage Productivity and Innovation Programme webpage Further information on health economics and NHS policy Summary of research papers on NHS reform News Posted: 01/08/2011 [Back to the Top] ![]() Financial TimesStaff at family businesses 'work longer hours'Research has suggested that family-owned companies have the UK's most satisfied workforces. John van Reenen of the LSE recently accused family businesses of inefficiency due to poor management quality.This article appeared in the Financial Times on July 19, 2011 Link to article Related Publications Are family-friendly workplace practices a valuable firm resource?, Nicholas Bloom, Tobias Kretschmer, and John Van Reenen. (April 2011). Strategic Management Journal, 32(4), pp343-367. 'Measuring and Explaining Management Practices Across Firms and Countries', Nicholas Bloom, Tobias Kretschmer and John Van Reenen, Centre for Economic Performance Discussion Paper No.716, March 2006 Related Links Nicholas Bloom webpage Tobias Kretschmer webpage John Van Reenen webpage Productivity and Innovation Programme webpage Management Practices and Organisational Structure research webpage News Posted: 19/07/2011 [Back to the Top] ![]() VoxSecular rise in economically valuable personality traitsMarkus Jokela, Tuomas Pekkarinen, Matti Sarvimäki, Marko Terviö, Roope Uusitalo There is strong empirical evidence of a secular rise in intelligence, but a lack of consistently measured data has hampered the identification of a similar increase in non-cognitive skills. Based on an analysis of half a million Finnish males, this column presents evidence that a long-term increase in scores for traits such as self-confidence, sociability, and leadership motivation has taken place. Just as with cognitive abilities, higher test scores for personality traits predict higher earnings. News Posted: 11/07/2011 [Back to the Top] ![]() NHS REFORMSCEP Research Evidence and Policy RecommendationsCEP has produced rigorous research evidence on the impact of hospital competition, pay regulation and management performance on quality, productivity and equity in the NHS. Policy needs to be informed by evidence. Below is a summary of some of the key research by CEP staff, which can inform the current NHS reform debate and should influence policy development in the NHS. CEP economists are available for interviews and discussions with the media.Summary of evidence (see summaries of key research below):
Dr. Zack Cooper Tel : 077 258 98597 ; email: z.cooper@lse.ac.uk Zack Cooper's Webpage Professor John Van Reenen email: j.vanreenen@lse.ac.uk John Van Reenen's Webpage Further information See summaries of key CEP research on NHS Policy Related Links: In brief: Competition in the public sector: good for the goose, good for the gander?, June 2011, CentrePiece, Volume 16 Issue 1, Summer 2011 The NHS White Paper: Evolution or Revolution, Zack Cooper Progress Made in the NHS from 2000-2010, Zack Cooper and Alistair McGuire News Posted: 13/06/2011 [Back to the Top] ![]() The TimesWhat is going on at the top?LSE and Harvard Business School researchers have conducted a survey to find out what chief executives do all day. 60pc of time was taken up with meetings.This article appeared in The Times on June 2, 2011 No link available to article. Related Links Raffaella Sadun webpage Raffaella Sadun CEP publications webpage Productivity and Innovation Programme webpage News Posted: 02/06/2011 [Back to the Top] ![]() Bloomberg - BusinessWeekSpanish ire against bankers spills over in city center protestsMany Spaniards, asked by the government to sacrifice living standards and years in retirement to help fix public finances, have been incensed by Spain bailing out savings banks that were crippled by bad loans linked to real estate, said Luis Garicano, a professor at the London School of Economics.This article appeared in BusinessWeek on June 1, 2011 Link to article Related Links Luis Garicano webpage Productivity and Innovation Programme webpage News Posted: 01/06/2011 [Back to the Top] ![]() Canadian BusinessIt's 1 o'clock: do you know where your CEO is?If your company’s CEO is attending too many private lunches and golf games, he could be wasting company resources. But he also could be making valuable business connections. Determining which scenario is more likely was the goal of a group of professors at the London School of Economics and Political Science, the European University Institute and the Harvard business school.This article appeared in Canadian Business on May 30, 2011 Link to article Related Links Raffaella Sadun webpage Raffaella Sadun CEP publications webpage Productivity and Innovation Programme webpage News Posted: 30/05/2011 [Back to the Top] ![]() The GuardianAcademy schools mean more competition for schools – but must dog eat dog?The move to convert schools to academy status is underpinned by research, most recently a paper by Stephen Machin and James Vernoit of the London School of Economics, which found Labour's academies not only improved their own performance, but also raised standards in neighbouring schools.The study found this beneficial effect happened even though high-achieving pupils started leaving neighbouring schools to attend academies. They attribute this effect to "increased choice [and] competition and also ... the sharing of the academy school facilities and expertise with the wider community". This article appeared in The Guardian on 23 May 2011 - link to article Related publications: Changing School Autonomy: Academy Schools and their Introduction to England's Education, Stephen Machin and James Vernoit, April 2011, Paper No' CEEDP0123 Academy schools: who benefits? Stephen Machin and James Vernoit, November 2010, CentrePiece Magazine : Paper No' CEPCP325 Related links: Steve Machin's webpage James Vernoit's webpage Education and Skills Programme webpage News Posted: 23/05/2011 [Back to the Top] ![]() New Book: Combatting UnemploymentIZA Prize in Labor Economics - by Richard Layard and Stephen J. NickellCombatting Unemployment is a collection of key papers from seminal labour economists Richard Layard and Stephen J. Nickell.The authors received the IZA Prize in Labor Economics in 2008 for their path-breaking work on the relationship between labor market institutions and unemployment Why is unemployment higher in some countries than others? Why does it fluctuate between decades? Why are some people at greater risk than others? Layard and Nickell have worked on these issues for thirty years. Their famous model, first published in 1986, is now used throughout the world. It asserts that unemployment must be high enough to reduce the real wages for which workers settle to the level justified by productivity. So what affects 'wage push'? The authors showed early on that the key factors affecting 'wage push' are how unemployed workers are treated and how wages are negotiated. If unemployed people get benefits without being required to accept jobs, vacancies go unfilled and mass unemployment results. The solution is welfare-to-work policies like those now introduced in most parts of the world. The authors have proposed these policies for the last twenty-five years in a series of key articles reproduced in this book. Their original analysis explains the subsequent movement of unemployment over the last two decades. They conclude the book with a new chapter on what should be done in the recession: no-one, they say, should be given unemployment benefit beyond a year, after which they should be offered work. Book details: Combatting Unemployment IZA Prize in Labor Economics Richard Layard and Stephen J. Nickell. Edited by Werner Eichhorst and Klaus F. Zimmermann OUP (May 2011) ISBN 978-0-19-960978-9 £35.99 Purchase this book from the publisher News Posted: 19/05/2011 [Back to the Top] ![]() CEP InterviewInterview with John Van Reenen on a Plan V for GrowthView VideoProfessor John Van Reenen discusses the UK's prospects for economic growth, including the important role of company management and the potential of higher education as a key national industry. News Posted: 05/05/2011 [Back to the Top] ![]() CEP InterviewInterview with Steve Machin of CEP on wage inequality in the UK since the 1970s.View VideoProfessor Stephen Machin discusses the dramatic rise in inequality in the UK over the past 30 years, including the impact of 'skill-based technological change' and the polarisation of the labour market. News Posted: 05/05/2011 [Back to the Top] ![]() GuardianHow London is bouncing back from the recessionA couple of months ago, Henry Overman, professor of economic geography at the LSE, gave a lecture titled How Did London Get Away With It? His answer came down to the kind of jobs that Londoners tend to have. The capital has the lion's share of financial services, and those industries came out of the meltdown in far healthier shape than expected. It also has lots of managerial and professional workers, and they've also done better than expected.This article appeared in the Guardian on March 22, 2011 Link to article Related Publications How Did London Get Away With It?, Henry Overman. Article in CentrePiece Volume 15, Issue 3, Winter 2010/2011 'Wage Disparities in Britain: People or Place?', Stephen Gibbons, Henry Overman and Panu Pelkonen, SERC Discussion Paper No.60, October 2010 Slides for SERC and LSE London lecture How Did London Get Away With It? The Recession and the North-South Divide' given on 20 January 2011 Related Links Henry Overman webpage Spatial Economics Research Centre (SERC) webpage Globalisation Programme webpage News Posted: 22/03/2011 [Back to the Top] ![]() BBC ScotlandGood Morning ScotlandRichard Layard discusses the report on happiness.This interview took place on BBC Radio Scotland's Good Morning Scotland programme on February 24, 2011 Link to programme (available to download until March 3, 2011). Related Links Richard Layard's webpage CEP Wellbeing Programme webpage News Posted: 24/02/2011 [Back to the Top] ![]() The GuardianTreating NHS hospitals with competition and closuresTreating NHS hospitals with competition and closures.Patients in England, especiallly the poorest, have benefited from choice and competition according to LSE economist Zack Cooper. This article appeared in The Guardian on 23 February, 2011 Link to article. Related Publications Does Hospital Competition Improve Efficiency? An Analysis of the Recent Market-Based Reforms to the English NHS, Zack Cooper, Steve Gibbons, Simon Jones, Alistair McGuire, June 2010, Paper No' CEPDP0988 Related Links Zack Cooper's webpage News Posted: 23/02/2011 [Back to the Top] ![]() The Financial NewsLittle blue pillThe director of the Centre for Economic Performance, a London School of Economics-based research centre, said in a public lecture last week that with the UK economy contracting at the end of last year and more recent news that Pfizer is to shut its main research lab in the UK, the country needs not only a Plan B as an alternative to its austerity drive, but also a Plan V.This article was published in the Financial News, 21 February 2011 Read the full article Related links John Van Reenen webpage Productivity and Innovation Programme webpage News Posted: 21/02/2011 [Back to the Top] |
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