On 23 September, the Heseltine Institute, City-REDI (City-Region Economic Development Institute), and the Yorkshire and Humber Policy Engagement and Research Network (Y-PERN) hosted a roundtable fringe event at the Labour Party conference in Liverpool to explore how universities can contribute to place growth. This blog was first posted on the Heseltine Institute blog site, by … Continue reading “Academic-Policy Engagement: A Model for Delivering Place-Based Missions?”
Category: Economics
Project Spotlight: Socio-Economic Impact Model for the UK (SEIM-UK)
In a new series of blogs, we will be reviewing the current and historical work of City-REDI and WMREDI. In the first blog from this series, we look at SEIM-UK, an economic model that City-REDI has used to assess the economic impact of the 2022 Commonwealth Games, the impact of Council tax cuts, and help … Continue reading “Project Spotlight: Socio-Economic Impact Model for the UK (SEIM-UK)”
Tax Rises Less Regressive Than Spending Cuts – How Does the Council Financial Crisis Impact Households?
There is increasing concern about the financial viability of some local authorities with estimates by the LGA suggesting that councils in England are facing a funding gap of £4 billion. In 2023 Birmingham City Council (BCC) was served a section 114 notice. This means that effectively the council ran out of money. In short, BCC … Continue reading “Tax Rises Less Regressive Than Spending Cuts – How Does the Council Financial Crisis Impact Households?”
Vision to Legacy
Anne Green looks back at the achievements of the now-defunct Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP), summarising some of the findings from our report about the partnership – From Vision to Legacy. What were the Local Enterprise Partnerships? Local Enterprise Partnerships (LEPs) were non-statutory bodies responsible for local economic development in England, until … Continue reading “Vision to Legacy”
What Can We Learn From 20 Years of EU Funding for SME Finance? Lessons From Wales and Beyond
Drawing on findings from the Wales Business Fund evaluation, Tim Fanning and Neil Evans reflect on the lessons from attempts to address the SME finance gap in Wales and other UK regions. The SME finance gap: a key barrier to growth Gaps in access to finance for SMEs have been recognised as a market failure … Continue reading “What Can We Learn From 20 Years of EU Funding for SME Finance? Lessons From Wales and Beyond”
Cheapening Tomorrow? Revisiting HM Treasury’s Discount Rate
Calvin Jones, Professor of Economics at Cardiff Business School, critiques current discounting practices used to evaluate long-term investments, arguing that they systematically undervalue future benefits. By advocating for a revised approach that considers ecological and social factors, Calvin suggests using a lower discount rate to prioritise sustainability and equity. The future… is another country? Go find a … Continue reading “Cheapening Tomorrow? Revisiting HM Treasury’s Discount Rate”
“Breathing Life Into Britain’s High Streets”: What Hope Have We Got?
In our latest blog, Hannes Read looks at the Labour Party’s short-term intervention proposals like banking hubs and addressing shoplifting alongside their long-term changes such as reforming business rates to favour high street commerce. The Labour Party are firmly on the election hunt. Quickly off the back of the announcement of Labour’s “five missions” for … Continue reading ““Breathing Life Into Britain’s High Streets”: What Hope Have We Got?”
The Spring Statement: The Impact
Alice Pugh looks at what impacts cuts to National Insurance Contributions, raising the high-income child benefit charge, and public spending will have on households in the UK. Cuts to National insurance Contributions (NICs) The NIC main rate has been cut by 2p in the pound (from 10% to 8%) for an expected 27.6m employees and … Continue reading “The Spring Statement: The Impact”
Spring Statement 2024: Key Announcements
The Spring Budget sets out government spending for the next 5 years, this budget has been anticipated as being a particularly important budget, as it is likely the last budget before the 2024 general election. Alice Pugh looks at the key announcements from this budget. Office for Budget Responsibility On the day of the … Continue reading “Spring Statement 2024: Key Announcements”
Inequality
Professor Donald Houston discusses the effects of inequality on social cohesion, wellbeing, and the economy, and how it can be reduced in the long run. This article is a chapter from the recently published UK in a Changing Europe report. Inequality – the gap between those towards the top and bottom of the income distribution … Continue reading “Inequality”