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Response to the Industrial Strategy Green Paper

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The Centre responds to the government's recent green paper, 'Building our Industrial Strategy'
By Andy Norman

How LEPs can ensure apprenticeships drive inclusive growth

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As the new Apprenticeship Levy comes into effect, Centre analyst Andy Norman argues that, if armed with the right information, LEPs can ensure apprenticeships drive inclusive growth up and down the country. Writing for the LEP Network, he contends that a key challenge for apprenticeship policy in filling the country’s technical skills shortages is one of […]
By The Centre

Estimating land value capture for England – updated analysis

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In 2016 a National Audit Office report identified that the actual rate of public land sales was significantly lower than the £1bn per annum assumed by the government. As a result of this difference, the Centre for Progressive Capitalism has updated its analysis on the potential incremental uplift from land value capture for residential housing.
By Thomas Aubrey

Why Britain’s lax competition framework needs to change

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The government ought to provide the Competition & Markets Authority with broader powers to prevent the acquisition of UK firms if this reduces competition at national, regional or global level. Such a change will likely spur innovation in search for other sources of earnings growth, which may lead to greater investment and productivity
By Thomas Aubrey

Sustaining profitable growth in volatile markets

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A recent blog post by Lichfields suggested that the government’s housing White Paper has been excessively criticised by housing commentators. They go further stating that the white paper “leaves enough flexibility in the process to reflect spatial variation and it stops short of gimmicks.” Lichfields raises an important issue as the housing white paper does indeed […]
By Thomas Aubrey

How the government’s housing white paper could transform infrastructure investment and solve the housing crisis

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Sajid Javid has made it clear that building more homes is his top priority. So what can we expect in his white paper later this month? Recent comments by Gavin Barwell suggest the government is focussed on finding a system that can fund the necessary infrastructure to pave the way for larger scale housebuilding while avoiding conflicts that can make schemes unviable. A housing white paper that finally addressed Britain’s feeble levels of infrastructure investment by tweaking the Land Compensation Act would be transformational
By The Centre

Why share buybacks imply executive managers have run out of ideas

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When Theresa May spoke to the CBI last month she urged businesses to invest in Britain for the long term. The challenge for business is that in an uncertain environment firms often prefer not to invest, as they could make poor investments and therefore hurt performance. The Prime Minister might have a point though as businesses in the UK have tended to underinvest during more positive conditions too
By Daniel Godfrey

How executive pay should be reformed

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Performance-related bonuses should be scrapped and replaced with a substantial proportion of salary to be paid in shares. This would lead to better cumulative returns over the long-term, faster productivity growth and a fairer society
By The Centre

Why the Chancellor’s Autumn Statement won’t budge productivity growth

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The Chancellor mentioned the word productivity 14 times during the Autumn Statement and for good reason. The UK lags the US and Germany by 30 %, and France by 20% resulting in lower average incomes. Three of the key drivers of productivity include the ability of workers to access education to improve human capital, the ability to access finance allowing firms to expand, and for there to be sufficient infrastructure for firms and workers including housing