Investing in human capital, improving the national infrastructure, improving finance provision for private investment and innovation, and the creation of an independent National Growth Council are key recommendations in the final report from the LSE Growth Commission.
All features (global economy)
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The current model for supplying pig meat to UK consumers is ineffective and beset by a 'trader mentality' from leading supermarkets, and would benefit from more integrated ownership where companies have a vested interest throughout the supply chain, concludes a report from the ESRC-funded Centre for Research on Socio-Cultural Change.
Over one third of UK equity trading volume being generated through high-speed computer-automated trading, with little to no human involvement. The issue and Foresight report is being highlighted in an event hosted by the ESRC-funded Systemic Risk Centre today - 'The Future of Computer Trading in Financial Markets'.
Research looking at how banks and other financial firms have begun to address the problems of risk culture has found that change is underway, with new programmes and experiments in risk management.
As the US presidential election day has arrived, the ESRC Centre for Economic Performance (CEP)'s series of US election analyses offers insights into key election issues.
The Heseltine review which is published today looks at ways of making the UK economy more competitive, including how research can boost business. ESRC-funded research has explored to what degree companies collaborate with university departments.
Interruptions are a common phenomenon in the workplace, with office workers frequently distracted by the conversations of their chatty neighbours. New ESRC-funded research has found that being interrupted whilst reading caused on average a 17 per cent increase in reading time.
Research from the Centre for Competitive Advantage in the Global Economy shows that life satisfaction actually is reduced when a country's Gross Domestic Product increases beyond a certain level. The optimal economic level for life satisfaction lies between $26,000 and $30,000 of GDP per person.
A new Government report on mortgage arrears and repossessions, building on research from the ESRC-supported Spatial Economics Research Centre, suggests that the outlook for the next three years is less bleak than predicted.
Thirty per cent of apprentices in England are over 45 years old, due to the practice of 'converting' existing employees into apprentices. But adult apprentices are more likely to be experiencing a 'restrictive' apprenticeship, with little access to learning new skills and gaining knowledge.
An economic stimulus or financial disaster? Building casinos provokes strong feelings and opinions, and ESRC-funded research is providing much–needed evidence on the pros and cons of gambling.
Are lessons learnt, and can we avoid another global financial crisis in the future? The National Institute of Economic and Social Research/ESRC conference 'Never Again?' has examined whether there has been progress towards a safer banking system.
Innovation is not always dependent on a city location, but can also thrive in remote rural areas - for instance exploiting natural resources or developing high-tech engineering and electronics innovation hubs.
Government borrowing is reduced, but the economic outlook is still bleak, according to the Green Budget analysis from the Institute for Fiscal Studies.
Does the widespread strike in the public sector on 30 November herald a new era of industrial action and empowered trade unions? Workers are provoked by proposed cuts in public sector pensions, and the strike enjoys widespread support.
Seventeen new research projects aimed at improving the lives of the world’s poorest has been given the go-ahead, at a total cost of £7 million. The research awards are part of a joint 'poverty alleviation' research programme from the ESRC and the Department for International Development.
Research shows that some policy options to curb bankers' pay will fail - and even risk making banks more unstable. However, a cap on the available bonus pool will both limit bankers' pay and reduce the risk of a bank default.
Pay over the last decades have risen fastest for those at the very top of the income distribution - and most of the gains have gone to the financial sector through bonuses, according to research from the Centre for Economic Performance.
The fibre-optic broadband linking East Africa has created huge expectations of an economic boost - but are the hopes realistic? An ESRC-DFID research project charts the technology transition in Kenya and Rwanda.
Ten EU countries, including the UK, have now introduced some sort of bank taxing. The recent conference Taxing Banks: the role of tax in post-crisis bank regulation, hosted by the Oxford University Centre for Business Taxation and the ESRC, examined this challenging issue.
The Health and Social Care Bill proposes wide-reaching changes to the NHS. ESRC-funded research has examined how increased competition and changes in management could affect the health service.
The Mirrlees Review, which was set up to assess the UK tax system and how it compares with an optimal system of taxation, has published radical recommendations including abolishing stamp duty, fuel duty and National Insurance, replacing VAT and reforming council tax.
The Independent Commission on Banking has drawn on research evidence in its recommendations. Several projects examining the banking sector and different reform options have been funded by the ESRC.
Innovative small and medium-sized enterprises (SMEs) are of great importance to the economy overall. How are they faring in a climate of reduced demand for goods and services and retreat from risk by credit providers?
The European Central Bank’s decision to buy Spanish and Italian government debt has created a momentary breathing space, but the Euro debt crisis is far from averted. The ESRC has funded several research projects examining financial markets and international regulation.