Another analysis by economists at the Centre for Economic Performance (CEP), part of the London School of Economics, London University, calculated the UK could suffer income falls of between 6.3 to 9.5 percent of GDP, similar to the loss resulting from the global financial crisis of 2008-09.
On March 29, the British government is to notify the EU of its intention to leave. This will be a big moment in a tragedy; it will be a tragedy for the UK, but it will also be a tragedy for Europe. It is an appalling way to celebrate the EU’s 60th anniversary.Even if the exit negotiations go well, the decision to leave the EU will have huge consequences for the UK. Economically, it will lose favourable access to by far its biggest market. Politically, it will create great stresses inside the UK and Ireland. Strategically, it will eject the UK from its role in EU councils. The UK will be poorer, more divided and less influential. …Brexiters will deny all this. They are wrong. The evidence on modern trade is clear: distance is of enormous importance. The supply chains that link physical goods and services together work best over short distances. The models on which Brexiters rely ignore this reality. This is also why the creation of the single market required substantial regulatory harmonisation, which allows relatively frictionless cross-border trade. Brexiters will discover, too, that all trade deals impose constraints on national autonomy and the more market-opening the deal, the tighter the constraints.
Following the recent publication of the 2017 World Happiness Report, 28 leading researchers on wellbeing from around the world have expressed their views on the state of knowledge on public policies that can make a real difference to people’s satisfaction with their lives – as well as whether we need more randomised controlled trials (RCTs) to test the wellbeing impact of a variety of policy options. The majority view of the survey of experts is that we now know a lot more than ever before about what public policies increase national wellbeing. But while some experts are enthusiastic about instituting a major programme of trials for ‘what works’ in terms of improving wellbeing, others are less positive, citing issues around ethics, validity and the time it takes to get results.
When ‘welfare’ is discussed, the theme of a divided ‘them’ and ‘us’ of those who pay in, and those who pay out – runs across British political debate, a hundred tabloid front pages and through a dozen TV programmes focussed on an assumed unchanging ‘welfare-dependent’ underclass. But the evidence looks rather different, for example only one pound in every £14.70 we spend on the welfare state now goes on cash payments to out of work non-pensioners. In reality our lives are ever-changing. John Hills discusses this 'welfare myth' in a post for the LSE British Politics and Policy blog to mark the release of a revised and updated edition of his book Good Times, Bad Times: the welfare myth of them and us.
Presenters: Dr Abigail McKnight and Dr Eleni Karagiannaki
Chair: Steve Machin, Professor of Economics, London School of Economics; Director, Centre for Economic Performance
Discussants: Chris Goulden, Joseph Rowntree Foundation, Deputy Director, Policy and Research and Dr Chiara Mariotti, Oxfam Inequality Policy Manager
This lecture examines the empirical relationship between economic inequality and poverty across countries and over time, paying attention to different measurement issues. It then considers a range of potential mechanisms driving this relationship and explores policy options.
Eleni Karagiannaki is a Research Fellow at the Centre for Analysis of Social Exclusion at LSE. Her research focuses on income and wealth inequality and poverty and socio-economic mobility.
Abigail McKnight is an Associate Professorial Research Fellow and Associate Director of Centre for Analysis of Social Exclusion at LSE where she has worked since 1999. Her research interests include inequality, poverty, wealth, social mobility and employment policy.
It is with great sadness that we announce Professor Sir Tony Atkinson, Centennial Professor at LSE, died on Sunday 1 January 2017.
Tony Atkinson joined STICERD in 1980 where he was chairman between 1981 and 1987 and an active affiliate for the following thirty years. Throughout these years, many CASE researchers and associates had the privilege to learn from his sharp mind, dedication to policy and great kindness. Tony influenced our thinking on poverty, inequality, social mobility and public policy. By establishing the Welfare State programme in 1985 Tony played an important role in the foundation of CASE as an independent research centre in 1997. He also appointed Professor John Hills who would later go on to become CASE’s Director.
contributed 31 valuable papers to our publications over the years, as part of the Welfare
State Programme and later as CASEpapers,
these are available here.