UK Budget: An Electoral “Statement”

Bottom line: The UK’s Autumn Statement came out mostly in line with our expectations, with one positive surprise that is clearly appealing for large portions of the electorate: a reform of the stamp duty on home purchases. As the richer will pay more, and more funds will be devoted to NHS, this reform clearly resembles […]

The City of London in a New Geopolitical Order

Among the world’s financial hubs, the City of London is most in search of a new identity that would allow it to adapt to an evolving geopolitical scene. Global financial hubs tend to be the key financial center of the country, region or continent they are based in: New York is the most important financial […]

Italy: Clamp Down Corruption to Jump Start Growth

A Dialogue with the President of Italy’s Anti-Corruption Authority. Italy’s sluggish growth is at the center of the political debate, as well a key concern for international authorities, given its implications for public debt sustainability. A number of factors can explain Italy’s low growth potential. Most of them refer to the obsolescence of large portions […]

A program of “rigor without austerity” for the Italian government

Enrico Letta has recently presented to Parliament the “grand coalition” government he chairs. In his parliamentary speeches, Letta has clearly indicated that he intends to pursue a growth strategy based on tax cuts (or cancelled/postponed tax rises), without this implying new debt or breaking European agreements. At the same time, he did not indicate too […]