As the UK government back-tracks over bank reform, there are signs that the government has misjudged the public mood. Student protests have targeted bank branches as well as parliament, and while its impact remains to be seen, the Cantona-inspired BankRun2010 has attracted supporters in 15 countries around the world, the most significant in the UK and France. More
The devil is in the details, of course. This is the great British truism, mouthed by think-tanks and officials when any new idea looms against the horizon. No less true for being a truism, of course, but also a cliché.
This won’t be the only new economics blog post about the Localism Bill, but my intention is to be refreshingly free of detail (but yes, of course, the devil is in them, I know…)More
Listening to the BBC Food awards, it has become clear to me that food is not just enjoying a revival at the moment, but is also the most exciting area of entrepreneurship in this country – and has huge potential for revitalising our economy, one local economy at a time.More
Trying to set co-ordinated global policy is hard enough. It’s even more challenging when the the goal posts keep moving, as new facts about the matter in hand come to light. Then you have to consider the different actors involved, each with their own interests to protect. Different sets of policies have different sets of consequences. Some may lose. More
In Hitchhikers Guide to the Galaxy first broadcast as a series of radio plays in the late 1970s, Douglas Adams derides the UK’s growing car-centric society. One of the leading characters, extra-terrestrial Ford Prefect (also a British car manufactured in the 1950s), we are told has chosen his name carefully to blend in with Earth society. But in fact, Ford Prefect had simply mistaken the car as the dominant life form – and who could blame him?More
Joseph Fourier proposed the existence of a 'greenhouse effect' way back in 1824. And at the Mauna Loa Observatory in Hawaii, scientists have been measuring CO2 levels in the atmosphere since 1958. When Charles Keeling first set up Mauna Loa, the atmospheric concentration of CO2 was between 312 and 313 parts per million by volume (ppmv). More
As local authorities and government departments scale back spending, there is concern from those on the front-line that cuts to “non-essential” and non-statutory services will have negative long-term impacts. Preventative interventions - those with intrinsically inivisible impact in the short term – are particularly vulnerable. Simultaneously, at the frontier of state retrenchment, the Big Society is scheduled to blossom to fill the voids created.More
The introduction of the migration cap in the UK has unleashed a Pandora's box of questions for Secretary of State, Theresa May. Who exactly should be restricted from entering the UK? At what limit should the cap be set? Will this tool really help to restrict migration? Is a cap beneficial for the UK economy? More
We have an unusual relationship with the Daily Mail here at nef. The politics of many, though not quite all of us, would rule out giving Lord Northcliffe’s offspring house room. On the other hand, the Mail – and the Mail alone – has run with many of the most important new economics campaigns, including the ghost towns and small shops.
The Northcliffe Press’s Save Our Small Shops campaign was imaginative and genuinely indicative of what people really want – not just what the politicians say they want.More