Read UK Futures Publications

UK Futures Publications

The GPI draws on both a rich pool of international thinkers, academics, and professionals from diverse backgrounds, including international affairs, banking and finance, industry, technology and science, media and international organisations. What we all have in common is a strong belief that new and fresh ideas are needed for a rapidly changing world, and a shared dedication to devising innovative yet practical policy solutions to that can make a real difference.

The Federal Reserve & the Eurodollar System: Stabilisation or Takeover?

Key Takeaways The Eurodollar system remains a predominantly private, offshore network of dollar credit, but it can no longer be understood as wholly beyond the reach of the Federal Reserve. Since 2008, dollar shortages in that system have repeatedly drawn...
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Monetary Policy and Inflation: Are Central Banks Failing?

This article concentrates on an analysis of the UK monetary policy operated by the Bank of England in attempting to control inflation, though some of the points made may have wider validity to other central banks. The essay develops its...
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Reeves First Budget: A GPI Review 2024

Reeves has herself set two metrics against which her budget should be assessed: a) that current expenditure should be matched by tax income (in any one year), and b) that there must be fiscal room, via borrowing, to fund public...
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Nations and Regions and Our Constitutional Future

The Local Government Chronicle has reported (25 Sept 2024) that the government will set out the remit for the Council of the Nations and Regions in the devolution bill sometime next year. The minister for local government Mr McMahon states...
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UK Autumn Financial Statement

Jeremy Hunt’s Autumn Statement will be judged in terms of its perceived ability to lift the UK economic growth rate. The signs are not propitious, most economic commentators, taking account of the lack of growth over the past two quarters,...
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Did the conference speeches reveal an economic vision for the UK?

In his party conference speech, Chancellor Jeremy Hunt painted a rosy picture of our future leadership in technology sectors. His words didn’t match the scale of the economic challenge. In the Labour conference, Shadow Chancellor Rachel Reeves avoided the trap...
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Handing over Governance to the Technocrats

The recently published Bank of England (BoE) update on its secondary objectives: a secondary competition objective (SCO and a secondary competitiveness and growth objective (SCGO), both delivered via the Bank’s Prudential Regulatory Authority (PRA) role is a significant annual event...
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Is our Politics Prepared for the Fourth Industrial Revolution?

The new Book by GPI Senior Fellow Professor Stephen Barber argues not only is the answer an emphatic, ‘No’, but that our leadership is failing us at this crucial inflection point. We are at the inflection point of a digital...
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Brave (and Smart) New World: AI Opportunities for Education

I believe that the recent developments in artificial intelligence (AI) offer immense opportunities for the field of education. The recent developments in artificial intelligence have created a wave of fear-based responses in the education sector. Many schools and policymakers have...
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Upcoming Z/Yen Webinar on CBDCs with Dr Michael Lloyd

GPI Associate Director and Senior Fellow, Dr Michael Lloyd, will speak at an upcoming Z/Yen webinar on “Global Financial Challenges – The Role Of Central Bank Digital Currencies“, which will be live streamed on the 15th of March 2023 from...
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Tweedledum & Tweedledee: An Assessment of Conservative Party Economics

In September 2022 a new Conservative government led by Liz Truss embarked on a new path for economic policy, ostensibly challenging “Treasury orthodoxy”, leaving aside the fact that they never defined what Treasury orthodoxy was. The initiative did not start...
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Regionalizing Democracy in the United Kingdom – The Case for an Upper House of the Nations and Regions

Rationale for change and reform: Britain is one of the most centralized democracies in the OECD. Resource allocation decisions are centralized in London, and instructions are handed down ‘vertically’ to the devolved nations and English regions. For over five decades...
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The Future of Money: Central Bank Digital Currencies

The article (link) examines the rationale behind the exploration by the vast majority of the world’s central banks of introducing central bank digital currencies (CBDCs). The phenomenon is discussed in the context of a number of key issues: a) the...
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Reflections on “The Power of the Powerless”

In 1978, Vaclac Havel wrote an essay, “The Power of the Powerless”. It followed the publication of “Charter 77” in 1977. In the essay Havel attempted to explain his view of what it meant to be a dissident in Czechoslovakia...
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Can Labour, again, become the natural partner for UK business?

This New Year the UK is entering into an unfamiliar, post-Brexit, hopefully post-pandemic, world, and is facing many challenges. To succeed we need a flourishing economy, and a business sector working closely with the government to strengthen the domestic economy,...
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