Blogs: Economy

Economies are complex systems.  Businesses are interlinked through fragmented supply-chains that connect diverse countries, regions and cities across the world. We help you understand this complexity and the role of tax and finance, innovation and infrastructure on economic development.

Carbon-neutral steel-making: is it a possibility?

carbon neutral steel

Quite literally, steel is the backbone of a modern society. Unfortunately, the production of steel contributes significantly to human-made climate change.

It is very unlikely society will cease to demand steel, so it is important to figure out how the iron and steel industry c…

UK economy is flat and becoming more unbalanced

uk economy

GDP figures released today show the UK economy grew by 0.3 percent in the third quarter. This means economic activity has expanded by just 1 percent over the past year, less than half the trend long-term growth rate of just over 2 percent.

If we look at progress over the cours…

The impact of a carbon tax in the USA

carbon tax USA

Carbon taxes have largely failed to gain traction in the United States, despite being a key requirement for rapid decarbonisation at a local, state or national level.
Policymakers and voters have declined to endorse them, concerned about costs to consumers and negative impacts o…

No-deal Brexit: how bad could it be?

It was all supposed to be so easy but, with weeks to go, a no-deal Brexit is still a possibility amidst the political chaos. How bad could it be? Managing Director, Phil Summerton, explores the indicators.
“There is no plan for no deal, because we’re going to get a great deal”…

Trade modelling, supply and demand… and Brexit

trade supply demand brexit

In a previous blog post I wrote about how the positive impacts of trade may be exaggerated by standard models – and how the economic impacts of trade may not always be positive.
I noted that simulations with Cambridge Econometrics’ post-Keynesian E3ME model would not necessa…

The UK – an imbalanced economy

uk imbalanced economy

In the first of three blogs focusing on imbalance in the UK’s economy our Director, Ben Gardiner, takes a look at spatial imbalance and productivity.
We find that London pulls away from the other UK regions in terms of productivity and that the regional productivity divergence…

The impact of technological change on skills

automation skills eu

Terence Hogarth is Senior Advisor at Fondazione Giacomo Brodolini and has over 30 years’ experience of carrying out research on vocational education and training in the UK and the EU. 
Terence is this month’s guest blogger and writes for us about the impact that technology …