scholarly journals Quasi-Nationalisation in the UK Banking Crisis: A Problematic Policy Option

2015 ◽  
Vol 31 (4) ◽  
pp. 463-481 ◽  
Author(s):  
Elisa Henderson
Keyword(s):  
2018 ◽  
Vol 33 (4) ◽  
pp. 430-444 ◽  
Author(s):  
Phil Ramsey ◽  
Christian Herzog

While the United Kingdom (UK) government has renewed the BBC Royal Charter until 2027 and confirmed that the television licence fee will last for this period, a medium-term shift from the television licence fee to a household levy is still a policy option. Drawing on the German experience, we discuss the probable difficulties, possible benefits and the overall implications of such a shift in the UK. The article employs a comparative media policy analysis. After a brief history of public service broadcasting funding in the UK, we provide an outline of the recent German public service media funding reform. We point out the difficulties from the German model to predict the future total revenues and elaborate on the suitability of it in the UK context, contrasting the possibilities of policy transfer and policy failure.


Author(s):  
Matteo Dembech ◽  
Zoltan Katz ◽  
Istvan Szilard

The COVID-19 pandemic has thus far restricted the large movement of people; nonetheless, we cannot exclude the disruptive power of a virus with similar characteristics to COVID-19 affecting both high- and low-income countries, as a factor for future mass migrations. Indeed, the top 15 countries affected by COVID-19 host about 9 million refugees, and it is, therefore, important to investigate and strengthen the readiness of countries’ health policies to ensure they are well equipped to deal with potential large influxes of ‘epidemic-related refugees and migrants.’ Using the Bardach Policy Framework as a tool for analysis, this article investigates the readiness of countries for a potential public health event (mass migration generated by future pandemics), therefore, aiming at a health response forecasting exercise. The article reviews the policies put in place by countries who faced large influxes of migrants between 2011 and 2015 (the policy-prolific years between the Arab Spring migration and the introduction of stringent measures in Europe) and new evidence generated in response to the COVID-19 pandemic (including the ‘ECDC Guidance on infection prevention and control of COVID-19 in migrant and refugee reception and detention centres in the EU/EEA and the UK’ and the ‘WHO Lancet priority for dealing with migration and COVID-19′) to formulate a policy option able to strengthen national system capacities for responding to influxes of epidemic-related migrants and the management of highly infectious diseases.


2016 ◽  
Vol 30 (4) ◽  
pp. 558-564 ◽  
Author(s):  
Ajay Aggarwal ◽  
Joanna Davies ◽  
Richard Sullivan

Purpose – Missed appointments constitute a significant problem in the UK National Health Service (NHS) and this remains an area where improvements could yield substantial efficiency savings. The purpose of this paper is to suggest that nudge policies based on behavioural theories may help target interventions to improve patient motivation to attend appointments. Design/methodology/approach – The authors propose two policies to reduce missed appointments. The first attempts to empower patients through making the appointment system more individualised to them and utilising their intrinsic feelings of social responsibility. The second policy utilises a financial commitment given by the patient at the time of booking. The different mechanisms of influencing patient behaviour are based on two different views of what motivates individuals’ actions. The first policy is based on individuals being “knights”. They are altruistic and have well-intentioned values. The second policy option is constructed on the premise that an individual is governed by self-interest, and they are in fact “knaves”. Findings – A policy, which avoids the use of financial penalties is likely to be more culturally acceptable within the NHS. It could also prevent the phenomenon of “crowding out” whereby the desire to act dutifully gets displaced by the motivation to avoid incurring a monetary fine. Originality/value – Testing both strategies would provide insight into patient attitudes towards health care and society. This would help optimise behavioural strategies which may influence not only appointment attendances but also have wider implications for encouraging rational health care consumption.


2007 ◽  
Vol 37 (1) ◽  
pp. 63-79
Author(s):  
FRANCESCA BORGONOVI

Participation and attendance in the arts can foster social capital, economic regeneration and skill acquisition. For these reasons, encouraging greater arts participation and attendance among disadvantaged groups became part of the New Labour strategy to promote neighbourhood renewal and tackle social exclusion. It is, however, far from clear what policies are best suited to achieve the aim of greater involvement in the arts. One policy option is to award subsidies to lower admission fees. Using 14 years of data from the UK Family Expenditure Survey, the article examines whether lower prices stimulate attendance at live performances overall and among low-income groups in particular. Findings indicate that while ticket prices influence attendance generally, the response of different income groups is similar, with a 10 per cent increase in price accompanied by a 9 per cent drop in demand. This means that, while price controls may be effective in increasing overall attendance levels among all groups in the population, including among low-income groups, they may not prove adequate whenever the main aim is to reduce the gap in participation across social groups.


2009 ◽  
Vol 207 ◽  
pp. 39-42 ◽  
Author(s):  
Ray Barrell ◽  
Tatiana Fic ◽  
Dawn Holland

The current financial crisis has evolved slowly over the past eighteen months, and policy reactions have responded to events. In August 2007 it became clear that a number of banks had lost some of their capital base as a result of defaults on home loans in the US. The impacts of these defaults had been spread across the Atlantic as they were contained within bundles of assets that had been constructed into securities and sold to European banks. By the autumn of 2007 it was clear that there was a strong risk of a banking crisis, as discussed by Barrell and Holland (2007) in the October 2007 Review. We considered that this was a risk, but that the costs were so obviously large that policymakers would strive to avoid it, and hence it was not our main scenario. We were wrong on both counts, and a crisis at least as large as that we discussed emerged after the US authorities let Lehman Brothers fail in September 2008. We argued that a crisis would lead to a reduction in growth of a cumulated 3 per cent in the US and a cumulated loss of about 2 ½ per cent in the UK and the Euro Area. If a crisis burst, we expected US interest rates to reach zero in 2009 with deflation toward the end of the year.


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