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News and Press

News Archive 2021

The Economist

The Power of Creative Destruction makes the The Economist’s best books list

The Power of Creative Destruction has been chosen by The Economist as one of its best books of 2021.

The book, by Philippe Aghion, Céline Antonin and Simon Bunel, is described by the magazine as "sweeping, authoritative and, for the times, strikingly upbeat".

The Power of Creative Destruction is a cutting-edge analysis of what drives economic growth - and a blueprint for change. It argues for a better form of capitalism, one which harnesses the power of disruptive innovation but that also manages the social disruption left in its wake.

Philippe Aghion is a professor at the Collège de France, INSEAD and the LSE and an associate of CEP. Céline Antonin is a senior researcher at Sciences Po. Simon Bunel is a senior economist at INSEE, the French National Institute of Statistics ad Economic Studies and at the Bank of France.


Related Links:
The Economist - The Power of Creative Destruction makes the The Economist’s best books list

The Power of Creative Destruction

CEP Growth

Philippe Aghion webpage



News Posted: 17/12/2021      [Back to the Top]

ITV News

Half of all businesses struggling to recruit new staff, survey finds

About half of all firms are struggling to recruit new workers and business confidence is dipping, according to new research from the CEP. Researchers also found that one in five are having issues retaining existing staff, as employees look for new opportunities elsewhere.


Related Links:
ITV News - Half of all businesses struggling to recruit new staff, survey finds

Real-time updates on the UK economy: trends, expectations and implications from business survey data

CEP Trade

Swati Dhingra webpage

Josh De lyon webpage



News Posted: 15/12/2021      [Back to the Top]

Financial Times

A real ‘skills revolution’ needs Tory MPs to stop talking and act

Richard Layard and Ken Clarke write about the need to improve opportunities for young people who don’t go to university.


Related Links:
Financial Times - A real ‘skills revolution’ needs Tory MPs to stop talking and act

CEP Wellbeing

Richard Layard webpage



News Posted: 04/12/2021      [Back to the Top]

The Times

It’s time we stopped treating the self-employed as an afterthought

A report published by the Centre for Economic Performance at the London School of Economics shows, the self-employed have not fared well over the past couple of years. Even by the end of this summer they were still reporting incomes well down on pre-pandemic levels, with many saying that they were struggling financially.


Related Links:
The Times - It’s time we stopped treating the self-employed as an afterthought

Covid-19 and the self-employed - 18 months into the crisis

CEP Labour Markets

Stephen Machin webpage

Maria Ventura webpage



News Posted: 22/11/2021      [Back to the Top]

The Economist

Britain’s economy does not lack oomph, but productivity is lagging

Joint research from the Centre for Economic Performance and the Resolution Foundation suggests that financial officers expect the amount of workers moving from shrinking to growing companies will speed up in the coming year.


Related Links:
The Economist - Britain’s economy does not lack oomph, but productivity is lagging

Business time

CEP Growth

Juliana Oliveira-cunha webpage

Anna Valero webpage



News Posted: 20/11/2021      [Back to the Top]

Economy 2030

Economy 2030 Inquiry: Six Months On

It is six months since the launch of The Economy 2030 inquiry – a two-year project that will examine the scale and impact of economic change that the UK is living through in the 2020s, and set out a plan for successfully navigating it.

Researchers from the Resolution Foundation and CEP are publishing reports and discussing the impact of Covid-19, Brexit and the net-zero transition on the British economy.

Below we help you catch up with what’s going on – and give a taste of what’s up next.

The inquiry is a collaboration between the Resolution Foundation and the Centre for Economic Performance (CEP) at the London School of Economics, funded by the Nuffield Foundation.

As the inquiry continues, this research together with input from citizens’ juries, will inform the development of policy proposals on how to support living standards, ensure decent jobs and increase resilience.

Find out more on the Economy 2030 website.

Launch

The launch report - The UK's decisive decade - sets out the scale and nature of the challenges that the 2020s may bring. It makes the case for the impact of these changes to be managed well through a renewed economic strategy.

Watch: The UK's decisive decade launch event

Brexit

Report: Trading places  - Brexit and the path to longer-term improvements in living standards

Event: Trading places launch event

Event: Pastures new  - is lower migration the route to a new, higher-wage British economy?

Firms

Report: Business time - how ready are UK firms for the decisive decade?

Event: Open for business launch event

Event: Gaining from growth - when the economy grows, do wages?

Event: From boom to bust and back again - 200 years of economic change across Britain

Event: A decisive decade for British business - in conversation with Business Secretary Kwasi Kwarteng

Lived experience

Report: Work experiences - changes in the subjective experience of work

Event: Good Job? How our experience of work has changed over the past 30 years

Net-zero

Report: The carbon crunch - turning targets into delivery

Event: The carbon crunch launch event

Spotlight: Home is where the heat (pump) is

Places

Spotlight: Levelling up and down Britain - how the labour market recovery varies across the country

Coming up

Tuesday 24 November, report and event:

Back to the future - what comes next for the UK's post-pandemic labour market?

December TBC, report and event: Workers' time - how ready are UK employers for the decisive decade?

In the new year, the Economy 2030 Inquiry will continue to publish reports examining issues from migration to fiscal pressures, the welfare state and regional mobility. The Inquiry will also convene a series of lectures from leading economists and policy-makers on the topic of economic change.

Sign up to the CEP mailing list here

Sign up to the Resolution Foundation mailing list here


Related Links:
Economy 2030 - Economy 2030 Inquiry: Six Months On





News Posted: 19/11/2021      [Back to the Top]

The New Statesman

What we're getting wrong about the "Great Resignation"

Alan Manning offers insights on trends in workers switching or leaving jobs during the Covid-19 pandemic.


Related Links:
The New Statesman - What we're getting wrong about the "Great Resignation"

CEP Wellbeing

Alan Manning webpage



News Posted: 17/11/2021      [Back to the Top]

Financial Times

UK’s levelling-up agenda won’t solve productivity problem, report suggests

Findings from the Resolution Foundation and the Centre for Economic Performance challenge the government’s view that levelling up poorly performing companies or poorer regions will raise productivity significantly for the UK as a whole.


Related Links:
Financial Times - UK’s levelling-up agenda won’t solve productivity problem, report suggests

Business time

CEP Growth

Juliana Oliveira-cunha webpage

Anna Valero webpage



News Posted: 15/11/2021      [Back to the Top]

Financial Times

UK’s levelling-up agenda won’t solve productivity problem, report suggests

Findings from the Resolution Foundation and the Centre for Economic Performance challenge the government’s view that levelling up poorly performing companies or poorer regions will raise productivity significantly for the UK as a whole.


Related Links:
Financial Times - UK’s levelling-up agenda won’t solve productivity problem, report suggests





News Posted: 15/11/2021      [Back to the Top]

CEP announcement

Josh De Lyon wins TIISA Young Scholar Award

Congratulations to Josh De Lyon who has won a Trade and Investment in Services Associates (TIISA) Young Scholar Award for his paper The Labour Market Effects of Services Importing: Evidence from the United Kingdom.

The paper estimates the local labour market effects of services trade using detailed data on international trade in services matched with employment information at both the worker and firm level.

The award is given to a PhD student or early career researcher for an as yet unpublished paper addressesing international trade and investment in services.


Related Links:
CEP Trade

Josh De lyon webpage



News Posted: 20/10/2021      [Back to the Top]

BBC Radio 4

Today

Lee Elliot Major talks about the implementation of the National Tutoring Programme and the need to support disadvantaged children in post-pandemic recovery plans.


Related Links:
BBC Radio 4 - Today

CEP Education and Skills

Lee Elliot major webpage



News Posted: 06/10/2021      [Back to the Top]

The Economist

England’s pioneering mental-health programme hits a ceiling

Remembering Richard Layard's research on the need for evidence-based therapies, the Economist looks at developments in mental health provisions over the 15 years.


Related Links:
The Economist - England’s pioneering mental-health programme hits a ceiling

CEP Wellbeing

Richard Layard webpage



News Posted: 02/10/2021      [Back to the Top]

BBC

In need of modernisation? The UK’s housing crisis close up

Paul Cheshire speaks on some of the wider problems of the UK housing market.


Related Links:
BBC - In need of modernisation? The UK’s housing crisis close up

CEP Community Wellbeing CEP Urban

Paul Cheshire webpage



News Posted: 01/10/2021      [Back to the Top]

Wharton Research Data Services

Wharton Research Data Services (WRDS) best paper awarded to John Van Reenen

A Wharton Research Data Services (WRDS) best paper award has been given to John Van Reenen, director of the Programme on Innovation and Diffusion (POID), and his co-authors Sabrina T. Howell, of New York University, Jason Rathje, of the United States Air Force, and Jun Wong, of New York University, for their research into how the US Air Force improved innovation.

Their paper “Opening up military innovation: causal effects of ‘bottom-up’ reforms to US defense research” found that a move by the US Air Force to allow defence contractors more freedom in suggesting projects, rather than specifying the desired innovation, attracted new and younger firms, increased future venture capital investment and increased patenting.

Professor Van Reenen, is Ronald Coase Chair in Economics and School Professor at the London School of Economics and a former director of CEP.


Related Links:
Wharton Research Data Services - Wharton Research Data Services (WRDS) best paper awarded to John Van Reenen

Opening up military innovation: causal effects of 'bottom-up' reforms to U.S. defense research

CEP Growth

John Van reenen webpage



News Posted: 27/09/2021      [Back to the Top]

The Economist

How German bombs shape London’s gangs

Tom Kirchmaier, Stephen Machin and Carmen Villa-Llera examine the relationship between areas of London that were bombed in the Second World War and crime rates. Discovering that the probability of finding a gang is 7% higher in areas that were bombed than those that were not.


Related Links:
The Economist - How German bombs shape London’s gangs

CEP Urban

Tom Kirchmaier webpage

Stephen Machin webpage

Carmen Villa-llera webpage



News Posted: 28/08/2021      [Back to the Top]

The Observer

A million jobs in peril as one in 16 UK firms say they are at risk of closure

A million workers are still employed by businesses at risk of closure over the next three months, as the government is poised to withdraw critical Covid support schemes, according to new analysis by Peter Lambert, Apolline Marion and John Van Reenen.


Related Links:
The Observer - A million jobs in peril as one in 16 UK firms say they are at risk of closure

CEP Growth

Peter Lambert webpage

Apolline Marion webpage

John Van reenen webpage



News Posted: 15/08/2021      [Back to the Top]

The Economist

Domestic violence surges after a football match ends

A study by Ria Ivandic, Tom Kirchmaier and Neus Torres-Blas finds that a “considerable amount of domestic abuse” could be mitigated by arranging football fixtures on weekdays or later in the evening.


Related Links:
The Economist - Domestic violence surges after a football match ends

Football, alcohol and domestic abuse

CEP Community Wellbeing

Ria Ivandic webpage

Tom Kirchmaier webpage



News Posted: 09/07/2021      [Back to the Top]

LBC

Schoolchildren missed out on a third of learning during coronavirus pandemic

A study by Lee Elliot Major, Andrew Eyles and Stephen Machin finds evidence that pupils across the UK have lost out on a third of their learning time amid Covid-19, even when home lessons are taken into account.


Related Links:
LBC - Schoolchildren missed out on a third of learning during coronavirus pandemic

Learning loss since lockdown: variation across the home nations

CEP Education and Skills

Lee Elliot major webpage

Andrew Eyles webpage

Stephen Machin webpage



News Posted: 07/07/2021      [Back to the Top]

The Telegraph

Pupils missed more than half of classroom time during Covid pandemic

Amid calls to allow the option to repeat the entire school year, a major study by Lee Elliot Major, Andrew Eyles and Stephen Machin finds Pupils have missed out on more than half of classroom time during the pandemic.


Related Links:
The Telegraph - Pupils missed more than half of classroom time during Covid pandemic

Learning loss since lockdown: variation across the home nations

CEP Education and Skills

Lee Elliot major webpage

Andrew Eyles webpage

Stephen Machin webpage



News Posted: 07/07/2021      [Back to the Top]

The Independent

Day drinking and early kick-offs linked to rise in domestic abuse after football matches

Researchers find alcohol consumption - rather than heightened emotions - is to blame for rises in male-on-female violence following matches, and this could be reduced by more evening and weekend games.


Related Links:
The Independent - Day drinking and early kick-offs linked to rise in domestic abuse after football matches

Football, alcohol and domestic abuse

CEP Community Wellbeing

Ria Ivandic webpage

Tom Kirchmaier webpage



News Posted: 05/07/2021      [Back to the Top]

The Guardian

Early kick-offs linked to more alcohol abuse and violence in the home

Researchers at the LSE’s Centre for Economic Performance find alcohol consumption following football matches is fuelling domestic abuse in the hours after a game and suggest that changing kick-off times could help reduce violence.


Related Links:
The Guardian - Early kick-offs linked to more alcohol abuse and violence in the home

Football, alcohol and domestic abuse

CEP Community Wellbeing

Ria Ivandic webpage

Tom Kirchmaier webpage



News Posted: 04/07/2021      [Back to the Top]

Bloomberg

Indians Prefer Job Guarantee Over Cash Handouts, LSE Study Says

A majority of urban Indians left unemployed by the coronavirus pandemic want the government to guarantee them jobs like it does for people in rural areas, says a study by Swati Dhingra and Fjolla Kondirolli.


Related Links:
Bloomberg - Indians Prefer Job Guarantee Over Cash Handouts, LSE Study Says

City of dreams no more, a year on: worklessness and active labour market policies in urban India

CEP Trade

Swati Dhingra webpage

Fjolla Kondirolli webpage



News Posted: 02/07/2021      [Back to the Top]

The Telegraph

Scarred by Covid: As infections subside, India now faces a difficult road to recovery

Swati Dhingra speaks to the Telegraph about the impact of Covid-19 on attempts to overcome poverty in India, describing how many lower and middle urban workers are having to borrow money to make up for a fall in wages.


Related Links:
The Telegraph - Scarred by Covid: As infections subside, India now faces a difficult road to recovery

City of dreams no more, a year on: worklessness and active labour market policies in urban India

CEP Trade

Swati Dhingra webpage



News Posted: 24/06/2021      [Back to the Top]

Forbes

Happiness Is Not ‘Out There.' It's Something You Create

Following the publication of the World Happiness report 2021, Rodger Dean Duncan interviews Richard Layard on happiness and mental health during the Covid-19 pandemic. 


Related Links:
Forbes - Happiness Is Not ‘Out There.' It's Something You Create

World Happiness Report 2021

CEP Wellbeing

Richard Layard webpage



News Posted: 01/06/2021      [Back to the Top]

ITV

Covid volunteering surge can be ‘positive legacy’ for NHS in future

Research from the London School of Economics and Political Science found Volunteering for the NHS during the pandemic felt as good as getting a £1,800 bonus from work.


Related Links:
ITV - Covid volunteering surge can be ‘positive legacy’ for NHS in future

Happy to help: The welfare effects of a nationwide micro-volunteering programme

CEP Wellbeing

Paul Dolan webpage

Christian Krekel webpage



News Posted: 31/05/2021      [Back to the Top]

Financial Times

The 2020s are set to be a decisive economic decade for the UK

The Resolution Foundation and Centre for Economic Performance of the London School of Economics launch an important inquiry, analysing how the country must grapple with recovery from Covid-19, the aftermath of Brexit, an ongoing technological revolution and the transition to net-zero emissions of greenhouse gases.


Related Links:
Financial Times - The 2020s are set to be a decisive economic decade for the UK

The UK's decisive decade: the launch report for The Economy 2030 Inquiry

Swati Dhingra webpage

Stephen Machin webpage

Henry Overman webpage

Anna Valero webpage



News Posted: 31/05/2021      [Back to the Top]

The Telegraph

Replace stamp duty with tax raid on southern property wealth, Sunak told

An new annual property tax on the value of each home, proposed by economists Paul Cheshire and Christian Hilber, would be fairer than current system, according to a new report by think tank Bright Blue.


Related Links:
The Telegraph - Replace stamp duty with tax raid on southern property wealth, Sunak told

CEP Urban

Paul Cheshire webpage

Christian Hilber webpage



News Posted: 20/05/2021      [Back to the Top]

The Independent

UK faces ‘decisive decade’ of change and risks falling further behind other nations, report warns

The country is not neither prepared for, nor used to, change on the scale required to deal with climate change, Brexit, an ageing population, Covid and technological shifts, says report by the Economy 2030 Inquiry, a collaboration between the Resolution Foundation and the Centre for Economic Performance, LSE.


Related Links:
The Independent - UK faces ‘decisive decade’ of change and risks falling further behind other nations, report warns

The UK's decisive decade: the launch report for The Economy 2030 Inquiry

Swati Dhingra webpage

Stephen Machin webpage

Henry Overman webpage

Anna Valero webpage



News Posted: 18/05/2021      [Back to the Top]

The Guardian

UK economy could resemble that of Italy by end of 2020s – report

A joint project by the Resolution Foundation thinktank and the London School of Economics said the UK was neither used to nor prepared for the challenges posed by the aftermath of Covid-19, Brexit, the net zero transition, automation and a changing population.


Related Links:
The Guardian - UK economy could resemble that of Italy by end of 2020s – report

The UK's decisive decade: the launch report for The Economy 2030 Inquiry

Swati Dhingra webpage

Stephen Machin webpage

Henry Overman webpage

Anna Valero webpage



News Posted: 18/05/2021      [Back to the Top]

Centre for Economic Performance

UK facing a ‘decisive decade’ of change

The UK is facing a ‘decisive decade’ of change as five seismic economic shifts – the Covid aftermath, Brexit, the Net Zero transition, an older population and rapid technological change - come together.

The Economy 2030 Inquiry, launched today, will take on the challenge of drawing up an economic strategy to address the opportunities and challenges of the 2020s.

The Inquiry is a ground-breaking new collaboration between the Resolution Foundation and the Centre for Economic Performance at the LSE, funded by the Nuffield Foundation.

The Inquiry’s launch report The UK’s decisive decade outlines the major changes ahead, with the 2020s likely to define Britain for many decades to come. These changes include:

  • Covid: Greater home working means more lifestyle choices for professionals, but forces lower earners to find new jobs in new places.
  • Brexit:  As well as utilising new-found policy freedoms, the UK must wrestle with higher trade costs that saw goods trade with the EU down 14 per cent in the first quarter of 2021, compared with the same quarter in 2020.
  • Net Zero: Decarbonisation presents many economic opportunities, but action is urgent. We need to go from installing almost zero heat pumps each year to installing 3,000 every single day by 2030.
  • Technology: New technologies drive up but also disrupt living standards.  The OECD estimates one-in-seven jobs could disappear as a result of automation in the next 15-20 years.
  • Demography: The ratio of those under 20 or over 65 to those aged between 20 and 64 is set to increase from 72 per 100 to 79 per 100 between 2020 and 2030 – a faster-projected change than in any other decade in the first half of the 21st century.

Baroness Minouche Shafik, Director of the LSE and Co-Chair of The Economy 2030 Inquiry, said: “The decade ahead will be decisive for the UK.  New trading relationships, the digital revolution, and net zero will fundamentally change our economy and society.  We need to rethink our economic strategy to rise to these challenges and ensure that we create a society in which everyone can thrive.”

Sir Clive Cowdrey, Founder of the Resolution Foundation and Co-Chair of The Economy 2030 Inquiry, said: “The UK’s recent record of weak productivity, stagnant living standards and high inequality makes a new economic approach desirable. What makes a new approach essential is the scale of coming change.

“The UK now faces a decisive decade, as the aftermath of Covid-19, Brexit and the Net Zero transition come together with major shifts in technology and demography. This matters for far more than economics. Failing to rise to this challenge risks leaving the nation diminished and divided.”


Related Links:




News Posted: 18/05/2021      [Back to the Top]

The Independent

Brexit causes difficulties for more than 60 per cent of UK firms - report

Study by Josh De Lyon and Swati Dhingra finds higher prices and reduced competitiveness due to EU withdrawal.


Related Links:
The Independent - Brexit causes difficulties for more than 60 per cent of UK firms - report

CEP Trade

Josh De lyon webpage

Swati Dhingra webpage



News Posted: 06/05/2021      [Back to the Top]

iNews

Brexit has hits UK firms as border delays and bureaucracy add to costs, says study

Report by Josh De Lyon and Swati Dhingra finds almost two thirds of businesses have suffered from new EU import and export rules, while one in five companies have found it tougher to trade with Northern Ireland.


Related Links:
iNews - Brexit has hits UK firms as border delays and bureaucracy add to costs, says study

The impacts of Covid-19 and Brexit on the UK economy: early evidence in 2021

CEP Trade

Swati Dhingra webpage

Josh De lyon webpage



News Posted: 06/05/2021      [Back to the Top]

The Independent

Almost three-quarters of a million businesses ‘at risk of failure over next three months', economists warn

Warnings of widespread business failure comes in an analysis by the John Van Reenen and Peter Lambert, using the latest Business Insights and Impact survey.


Related Links:
The Independent - Almost three-quarters of a million businesses ‘at risk of failure over next three months', economists warn

A major wave of UK business closures by April 2021? The scale of the problem and what can be done

CEP Growth

John Van reenen webpage

Peter Lambert webpage



News Posted: 04/05/2021      [Back to the Top]

Financial Times

We’re still in the dark about insecure work

The Financial Times cites research by Alan Manning and Graham Mazeine while analysing the dabate around improving job security as we emerge from the Covid-19 pandemic.


Related Links:
Financial Times - We’re still in the dark about insecure work

Subjective job insecurity and the rise of the precariat: evidence from the UK, Germany and the United States

CEP Wellbeing

Alan Manning webpage

Graham Mazeine webpage



News Posted: 20/04/2021      [Back to the Top]

Financial Times

UK business groups call for mandatory reporting of ethnicity pay gap

Amid criticism of a government-commissioned race report for downplaying the extent of problems in the labour market, Alan Manning explains there's no evidence for pay gaps being smaller than they were 25 years ago.


Related Links:
Financial Times - UK business groups call for mandatory reporting of ethnicity pay gap

Ethnic minorities and the UK labour market: are things getting better?

Ethnic minorities and the UK labour market: are things getting better?

CEP Wellbeing

Alan Manning webpage



News Posted: 18/04/2021      [Back to the Top]

The Telegraph

London risks house price crunch as Covid boom ends

House prices could fall when the stamp duty holiday comes to a close. London is particularly vulnerable because the price of houses rose particularly sharply over 2020, while the population of the capital is estimated to have fallen as foreign workers appear to have left in the pandemic.


Related Links:
The Telegraph - London risks house price crunch as Covid boom ends

UK house prices in Covid-19 times

CEP Urban

Paul Cheshire webpage

Christian Hilber webpage

Olivier Schöni webpage



News Posted: 30/03/2021      [Back to the Top]

Financial Times

Detached homes close to central London enjoy biggest price rises

LSE study says there has been little exodus to rural areas in past year but buyers have sought space, with detached houses close to the centre of London seeing the biggest price increases over the past year.


Related Links:
Financial Times - Detached homes close to central London enjoy biggest price rises

UK house prices in Covid-19 times

CEP Urban

Paul Cheshire webpage

Christian Hilber webpage

Olivier Schöni webpage



News Posted: 30/03/2021      [Back to the Top]

Freakonomics

Are You Ready for a Fresh Start?

Ferdinand Rauch explains how temporary events, such as the London Tube strikes and recent pandemic restrictions, can lead to positive long-term change - a fresh start - on Stephen Dubner's Freakonomics podcast.


Related Links:
Freakonomics - Are You Ready for a Fresh Start?

The upside of London Tube strikes

CEP Urban

Ferdinand Rauch webpage



News Posted: 17/03/2021      [Back to the Top]

The Telegraph

Two-thirds of self-employed lose out financially to Covid

A study by Jack Blundell, Stephen Machin and Maria Ventura finds almost two-thirds of Britain’s self-employed workers are suffering financially from Covid-19, as the latest lockdown harms their job prospects.


Related Links:
The Telegraph - Two-thirds of self-employed lose out financially to Covid

in brief... Covid-19 and self-employment

CEP Community Wellbeing

Jack Blundell webpage

Stephen Machin webpage

Maria Ventura webpage



News Posted: 02/03/2021      [Back to the Top]

The Guardian

How do we ensure disadvantaged kids don't lose out in England's new exam system?

Lee Elliot Major explains how teachers have a chance to address the inequalities revealed by the Covid-19 pandemic.


Related Links:
The Guardian - How do we ensure disadvantaged kids don't lose out in England's new exam system?

Unequal learning and labour market losses in the crisis: consequences for social mobility

CEP Education and Skills

Lee Elliot major webpage



News Posted: 01/03/2021      [Back to the Top]

The Conversation

Ensuring the minimum wage keeps up with economic growth would be the best way to help workers and preserve FDR’s legacy

In light of the Biden adminstration's Covid-19 Relief Bill, Felix Koenig analysis the historical impact of minum wage bills on jobs and wages.


Related Links:
The Conversation - Ensuring the minimum wage keeps up with economic growth would be the best way to help workers and preserve FDR’s legacy

CEP Labour Markets

Felix Koenig webpage



News Posted: 26/02/2021      [Back to the Top]

BBC Radio 4

Sounds: Today Programme

Lee Elliot Major is invited onto BBC Radio 4’s Today programme [1:15:20] to talk about pupil catchup funding, the national tutoring programme and inequalities.


Related Links:
BBC Radio 4 - Sounds: Today Programme

Unequal learning and labour market losses in the crisis: consequences for social mobility

CEP Education and Skills

Lee Elliot major webpage



News Posted: 24/02/2021      [Back to the Top]

Quartz

How much more stimulus will the UK economy need?

A report by Nicolás González-Pampillón, Gonzalo Nunez-Chaim and Katharina Ziegler shows that footfall in restaurants increased by 5-6% during the UK government's Eat Out to Help Out scheme, and that the food sector posted 7-14% more recruitment listings.


Related Links:
Quartz - How much more stimulus will the UK economy need?

Recovering from the first Covid-19 lockdown: Economic impacts of the UK's Eat Out to Help Out scheme

CEP Urban

Gonzalo Nunez-chaim webpage



News Posted: 18/02/2021      [Back to the Top]

The Independent

Brexit disruption in first weeks of year is sign of more to come, economists warn

Thomas Sampson, associate economics professor at the London School of Economics, has predicted a 36 per cent fall in exports to the EU over the next decade. He said it was too early to claim that economists' forecasts been "validated" by the experience of recent weeks. The first tranche of hard data on exports is not expected from the Office for National Statistics until mid-March, and the full impact may not be known for years to come, he said.


Related Links:
The Independent - Brexit disruption in first weeks of year is sign of more to come, economists warn

CEP Trade

Thomas Sampson webpage



News Posted: 13/02/2021      [Back to the Top]

Forbes

Changes In Job-Related Training Since Covid-19

Few aspects of modern society have remained unaffected in some way by the Covid-19 pandemic, and so it's perhaps no surprise that a new report by Jiaqi Li, Anna Valero, Guglielmo Ventura shows that job-based training is no different.


Related Links:
Forbes - Changes In Job-Related Training Since Covid-19

Trends in job-related training and policies for building future skills into the recovery

CEP Education and Skills

Jiaqi Li webpage

Anna Valero webpage

Guglielmo Ventura webpage



News Posted: 12/02/2021      [Back to the Top]

The Washington Center for Equitable Growth

New research shows that reductions in air pollution have intergenerational consequences

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 been inherited from one generation to the next.


Related Links:
The Washington Center for Equitable Growth - New research shows that reductions in air pollution have intergenerational consequences

The grandkids aren't alright: the intergenerational effects of prenatal pollution exposure

CEP Growth

Jonathan Colmer webpage



News Posted: 11/02/2021      [Back to the Top]

LSE Ideas

UK Economic Diplomacy report published: CEP experts on commission

The final report of the LSE Economic Diplomacy Commission, which proposes a framework for the UK’s trade agenda that seeks to balance commercial openness with strategic domestic and foreign policy aims, has been published by LSE’s foreign policy think tank LSE IDEAS.

The commission was chaired by Professor Linda Yueh, member of the CEP policy committee. The commissioners also included Dr Swati Dhingra, associate of CEP’s trade programme, Stephen Machin, director of CEP, and Lord Nicholas Macpherson, chair of CEP’s policy committee. It was set up in July 2019.

The final report UK Economic Diplomacy in the 21st Century details major opportunities and challenges in the field of economic diplomacy, including the rapid growth of services and digital trade, the stalling of multilateral trade liberalisation and rising geopolitical tensions. It sets out 10 recommendations for the UK government in the field of economic diplomacy.

It is particularly relevant for the UK as the country is setting its own trade policies for the first time since the 1970s following Brexit.

Professor Yueh, said: “The recommendations will help position the UK optimally in the changed global economy. The aim is to promote commercial openness and the global rules-based system as well as ensuring that trade and investment policies support domestic growth priorities and foreign policy aims such as the environment. By taking this comprehensive approach to economic diplomacy, the UK will be better placed to make the most of opportunities and confront the challenges of the 21st century.”


Related Links:

Swati Dhingra webpage

Stephen Machin webpage



News Posted: 09/02/2021      [Back to the Top]

Bloomberg

‘Tough’ Isn’t the China Question Biden Has to Answer on Trade

In a recent working paper, Chad Bown, Paola Conconi, Aksel Erbahar and Lorenzo Trimarchi calculate the higher cost of imported inputs caused by those tariffs leveled at China caused the U.S. economy to create 1.8 million fewer jobs in downstream industries between 1988 and 2016 than it might have otherwise.


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News Posted: 08/02/2021      [Back to the Top]

The Times

Pandemic turns up pace of workplace innovation

Research by Capucine Riom and Anna Valero finds the Covid-19 pandemic has forced businesses to adopt new technologies and ways of working that will increase the breadth of economic productivity.


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News Posted: 08/02/2021      [Back to the Top]

The Times

Why your weekly shop costs a lot more than you think

Study by LSE's Richard Davies finds price volatility during the Covid-19 pandemic has been higher than in any comparable period since 1991.


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News Posted: 05/02/2021      [Back to the Top]

BBC

Scottish independence trading costs calculated

Study into trade concludes that the costs of Scottish independence would be two to three times greater than the impact from Brexit, and that joining the European Union would do little to offset that cost.


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News Posted: 03/02/2021      [Back to the Top]

The Telegraph

Economic hit to Scotland from independence three times bigger than Brexit

Trade barriers with the rest of the UK would deal a hit to the Scottish economy far greater than Brexit, warns report by Hanwei Huang, Thomas Sampson and Patrick Schneider.


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News Posted: 03/02/2021      [Back to the Top]

The Herald

People would be up to £2,800 a year worse off in independent Scotland, claims new research

Study by Hanwei Huang, Thomas Sampson and Patrick Schneider concludes independence would hit the Scottish economy harder than Brexit because Scotland’s trade with the rest of the UK is around four times larger than its trade with the EU.


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News Posted: 03/02/2021      [Back to the Top]

The Scotsman

Independence would hit Scottish economy harder than Brexit, say researchers

Academics from the LSE’s Centre for Economic Performance say the economic costs of independence are two or three times greater than Brexit due to the volume of Scotland’s trade with the rest of the UK.


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News Posted: 03/02/2021      [Back to the Top]

Financial Times

Independence would cost Scotland far more than Brexit, study finds

Independence from the UK would cost Scotland’s economy up to three times as much in lost trade as Brexit will, according to analysis by the London School of Economics’ Centre for Economic Performance.


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News Posted: 03/02/2021      [Back to the Top]

The Independent

Independence would hit Scotland's economy ‘two to three times' harder than Brexit, say economists

Independence would damage Scotland’s economy and leave the country “considerably poorer” than staying inside the UK, according to a study by economists Hanwei Huang, Thomas Sampson and Patrick Schneider.


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News Posted: 03/02/2021      [Back to the Top]

The Guardian

Independence could cost Scotland's economy £11bn a year, forecast suggests

Economists say impact of leaving UK’s common market would hit two to three times as hard as leaving EU.


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News Posted: 03/02/2021      [Back to the Top]

BBC

Firms at risk: 'We are worried about how we can survive'

More than 900,000 small businesses are at risk of going under, according to research from Peter Lambert and John Van Reenen, and backed by former Prime Minister Gordon Brown.


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News Posted: 27/01/2021      [Back to the Top]

The Independent

Around 900,000 small firms at risk in ‘cruel spring of bankruptcy’ if Covid help stopped, Rishi Sunak warned

Research by Peter Lambert and John Van Reenen warns around 900,000 small firms – employing 2.5 million workers – are at risk of going bust if Covid-19 rescue schemes are wound up.

The businesses face “a cruel spring of bankruptcy” unless Rishi Sunak extends the hugely-expensive help due to expire in March and April, concludes the London School of Economics-led study.


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News Posted: 27/01/2021      [Back to the Top]

The Guardian

Gordon Brown calls for urgent budget help as 1 in 7 UK firms face collapse

Gordon Brown has called for emergency measures to support businesses in the budget after new research by Peter Lambert and John Van Reenen warned almost 1m UK companies were at risk of failure in the next three months.


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News Posted: 27/01/2021      [Back to the Top]

The Daily Telegraph

Why Britain's falling population equals economic trouble

Alan Manning considers the possible outcomes of a drop in immigration and population growth on productivity, economic growth and the labour market.


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News Posted: 21/01/2021      [Back to the Top]

The Independent

Exports to EU to plunge by more than one-third because of Boris Johnson’s Brexit trade deal, study warns

Research by Thomas Sampson suggests UK exports to the EU may fall by over a third, and income per capita is forecast to fall by 6 per cent – just 2 per cent less than under a no-deal departure.


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News Posted: 15/01/2021      [Back to the Top]

Hindustan Times

Farm laws: What India can learn from Kenya’s agri experiment

Swati Dhingra examines a decade of high-quality farmer-buyer data from Kenya during a period when it introduced radical farm laws to encourage agri-businesses to determine impacts on small farmers.


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News Posted: 15/01/2021      [Back to the Top]

Financial Times

UK economists’ survey: recovery will be slower than in peer countries

A survey of nearly 100 economists revealed that most of them expect the size of the economy not to return to pre-pandemic levels until the third quarter of 2022, despite the expectation of a strong consumer-led rebound from the rollout of the coronavirus vaccine. Increased unemployment, bankruptcies and the impact of Brexit are expected to limit the pace of the recovery.


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News Posted: 03/01/2021      [Back to the Top]