On Thursday, the government published its needlessly controversial report that reviews the impact of migration on the UK labour market.
In a post yesterday, I argued that the alleged worry about publishing the new document derives from how Home Secretary Theresa May used a January 2012 report from the independent Migration Advisory Committee. The MAC report was replete with caveats and qualifications, a necessary feature of empirical analysis about migration.
Thursday’s report supports the MAC findings – not the use of the findings but the findings themselves. Read more
Like many people from Edinburgh, I once worked at Standard Life. It was the summer of 2001 and I spent an enjoyable few weeks opening, sorting and delivering mail alongside a pony-tailed Australian with a fondness for somnolent afternoons. Working for the big fund manager full-time was a popular idea among my peers; it was a running joke at my school that the careers advice office should be renamed the Standard Life recruitment department. My neighbour with the nice car worked for the company.
The point of these hokey anecdotes: Standard Life is a big employer in a city where one in ten people work in financial services. I suspect most people will know someone – or know of someone – who works there. The charts below from Edinburgh City Council show the capital’s top companies by pre-tax profits (2011) and employment (2012). The latter also includes public sector organisations; Standard Life was the sixth biggest employer and the third biggest private sector employer in Edinburgh as of 2012.
In a lecture last year, Sir Nicholas Macpherson, HM Treasury permanent secretary and perhaps the most powerful old Etonian in Britain, explained the “Origins of Treasury control”. Sir Nicholas said that Treasury’s power came from three sources: conflict, links to Parliament and being able to outwit the rest of officialdom. All three were in evidence this morning, as George Osborne cited his top official’s advice and told Scots they can have independence or the pound – but not both. Read more
An independent Scotland would be refused entry to a monetary union with the rest of the UK, according to reports on Wednesday. George Osborne, Ed Balls and Danny Alexander – a Cerberus of currency doom – are later this week expected to individually reject the Scottish National party’s proposal for a formal sterling union. I do not know whether this means a monetary union would be ruled out under any circumstances – but words being used by those involved in the interventions include “definitive” and “emphatic”. So far, the chancellor has said that a monetary union would be “very difficult”. Read more
“Equality of What?” asked Amartya Sen in 1979. The question pithily captures the defining debate of the political left. On Monday evening, in his Hugo Young speech, Ed Miliband gave an answer to Sen’s question: (nearly) everything. Read more
The chart below shows how the past few years have been the longest sustained period of falling real wages on record, according to official statistics. Read more
This chart provides some context for the removal of Sally Morgan, the former chair of Ofsted, by Michael Gove, education secretary. Read more
What do Britons really think about immigration? The subject is rarely away from the news, including the truth-promising BBC. But I find it hard to untangle the fabric of hysteria.
In recent report, Ipsos-Mori, a polling firm, assembles a lot of data about attitudes to immigration. It provides a clear yet nuanced account of public opinion. Below, I have selected the 20 charts I found most telling about Britain and immigration. Read more
The astute observer will have noticed that a policy promising to detoxify the Conservative brand, improve living standards, and reduce the benefits bill, is likely to have some problems, regardless of what form the rise takes. The biggest employers of low wage labour are hardly clamouring to support a living wage. A higher minimum wage is not a direct substitute for tax credits and in-work benefits. But there is a growing consensus that the minimum wage could and should be increased – and the Conservatives seem to preparing a gran pf this traditional Labour territory. Read more
The little known fifth series of Blackadder takes place in the department for education. Blackadder is the secretary of state. In this scene, he is joined by his two special advisers – Baldrick and George. Read more