Breaking all the rules

Both Labour and the Conservatives have made major announcements on their respective economic policies in the early days of the 2019 general election campaign. Much of this has centred on the fiscal rules that a Government led by either party would follow – essentially, how each party would account for its public spending and taxation plans. Both parties are proposing significant changes to the UK’s current framework for public spending over the next few years, but what are they and what do...

3 misconceptions about the 2019 general election

Although the contest to enter Number 10 is in its infancy, there are already a number of dominant narratives beginning to take shape – and perhaps mistakenly so. 'Boris Johnson is heading for a majority' Despite Jeremy Corbyn stating that Labour have been ready for an election ever since the last, the party has long given the impression it is running scared of an...

Brexit makes understanding devolution in England more important than ever

Most discourse on Brexit and the future of the UK looks at how it could impact Scotland, Wales, and Northern Ireland. England is often overlooked in such analyses. Yet the UK's departure from the EU will have significant fiscal, policy, and political impacts for the largest, most populous UK nation. Devolution in England has been sporadic, to say the least. A total of 12 deals were agreed between government and regional authorities between 2014 and 2017 – but no further agreements have...

3 mental health policy issues Boris Johnson’s Government must address

When he’s not testing the rulebook on parliamentary procedure, preparing the country for that inevitable no-deal Brexit, or out on the yet-to-be-declared campaign trail, Boris Johnson likes to tread the line between audacious policy announcements and drafting bullish content for the papers. Back in July Johnson wrote an Op-Ed, citing his hero Winston Churchill and his...

When government policy provides value creation opportunities

Across the spectrum of due diligence there is, understandably, a focus on risk identification and assessment. This is also true for political, policy and regulatory due diligence, with PE deal-teams interested in whether and how Brexit or a Corbyn government could pose risks to an asset’s business model or key markets. But private equity and their companies are increasingly interested in how political and regulatory changes can drive market opportunities. Our due diligence is moving away...

UK’s New Government: What Do We Now Know? Analysis from David Laws

It’s only a matter of days into the new Boris Johnson government. What do we now know about the direction that Boris Johnson has set? It's a whole new government, not just a reshuffle As we have ourselves long expected, the UK has an entirely new government, not merely a lightly reshuffled top team. We have a new PM, with a very different personality to that of Theresa May. Half the previous Cabinet has been sacked, and of those who remain in power most have changed jobs. The new...

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David Laws 26th Jul, 2019 Insight
Brexit , Government , Boris , No deal
3 min read

What are Prime Minister Boris’ spending plans?

  As the contest for the Conservative Party leader and the next Prime Minster reaches a climax, scrutiny is turning to the spending plans of the likely winner. Boris Johnson, the front runner, is running an effective campaign to win the leadership ballot amongst Tory members. His public spending plans will be a key interest for businesses who work with government, public sector organisations and the wider economy. So what does Prime Minister Boris have in store and how could this affect...

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Edward Jones 16th Jul, 2019 Insight
Government , Politics
3 min read

REF 2021 is coming – here’s how you can make an impact

What is REF? The Research Excellence Framework (REF) is used to assess the quality of research at UK universities, and determine funding for the next 7 years. The next REF review will take place in 2021, and will assess universities’ research outputs, environment, and impact. A total of £2 billion will be allocated in total, with those with the best ratings receiving the highest proportion of this. The importance of the REF ‘impact’ score should not be...