Category Archives: Nick’s Blog

The chancellor has today committed himself to the goal of full employment. That’s a very good thing. But what does it mean in practice?

Posted in Nick's Blog | Tagged , , | Comments Off

Most discussion on what’s happening to the housing market focuses on whether it is overheating again, as the government’s Help to Buy scheme helps to inflate another housing bubble. A less-noticed problem, however, is what the housing market does to … Continue reading

Posted in Nick's Blog | Tagged , | Comments Off

Thomas Piketty’s book, Capital in the 21st Century, is attracting considerable attention, on both sides of the Atlantic. It has a striking central thesis, namely that historically the rate of return on assets has been consistently higher than the rate … Continue reading

Posted in Nick's Blog | Tagged , , | Comments Off

The Coalition’s child poverty strategy has been derailed by an argument about definitions and measurement, which offers no practical help for the millions of families struggling on a low income. Despite the difficult fiscal context, the Coalition could have set … Continue reading

Posted in Nick's Blog | Tagged , , | Comments Off

Published alongside the good unemployment figures today were less welcome new statistics showing another big increase in the number of sanctions applied to people in receipt of jobseekers’ allowance (JSA). In the 12 months to September 2013, a total of … Continue reading

Posted in Nick's Blog | Tagged , , | 1 Comment

While economic debate in the UK continues to be dominated by government borrowing and living standards, policymakers are paying insufficient attention to Britain’s position in the global economy. Here, we really are living beyond our means – and have been … Continue reading

Posted in Nick's Blog | Tagged , , , | Comments Off

Last night I gave a lecture at Warwick University on political leadership in a ‘post-democratic’ age. I take Max Weber’s famous lecture, Politik als Beruf, as a starting point for discussing how we should think about political leadership in contemporary … Continue reading

Posted in Nick's Blog | Tagged , , , | 1 Comment

The Labour leadership is evidently never going to accept that pre-crash overspending was responsible for the deficit, and with good reason. Under Labour, the UK entered the recession with a structural current deficit of only 0.6 per cent of GDP. … Continue reading

Posted in Nick's Blog | Tagged , , | 1 Comment

I’ve co-signed a letter to George Osborne and Vince Cable, published in today’s Financial Times, which calls for the collection and publication of UK land market prices, which ceased in 2011, to be resumed. Its absence makes it much harder … Continue reading

Posted in Nick's Blog | Tagged , , , | 1 Comment

After pressure from various wings of all three main political parties, George Osborne has publicly stated his desire for a substantial increase in the national minimum wage. The government’s submission to the Low Pay Commission argues for the main adult … Continue reading

Posted in Nick's Blog | Tagged , , | Comments Off