Holtham argues that the bank should be able to borrow additional funds earlier than the mooted 2015/16 date, and that such borrowing needn't count against the government's austerity drive. Rather than as loan capital, he says, the government's initial £3 billion allocation should be committed as reserves to guarantee a much larger loan, perhaps to underpin a balance sheet worth some £100 billion: disbursed over five years or so, this much larger amount could raise investment in the UK by more than 1 percentage point of GDP per year.
Snakes and ladders: Tackling precarity in social security and employment supportAcross the country, people are trying to make ends meet, build financial security and pursue their aspirations. But, in a vicious cycle of snakes and ladders, many are being pulled down into poverty.
Making markets: The City's role in industrial strategyTo tackle climate change, we need a significant increase in public and private capital investment.
Broken hearted: A spotlight paper on cardiovascular diseaseProgress on cardiovascular disease was a significant driver of better health and prosperity in the latter half of the 20th century, however progress has recently stalled – with indications it may be in reverse.