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Ideas for a New Political Economy and a More Responsible Capitalism

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Ideas for a New Political Economy and a More Responsible Capitalism EVENTS The quest for growth: ideas for a new political economy and a more responsible capitalism Date(s) 6 September 2012 Time 08:00 – 17:00 Location City of London Policy Network hosted an all day conference debating how Britain can develop policies that could support growth both in the short and long term against the background of a difficult economic and financial situation. To this end, senior practitioners and experts from Britain and other parts of Europe will debated around four different themes: • From debt crisis to growth: the return of macroeconomics? • Industrial policy: a new role for the state in economic policy? • Research, science & innovation: how to foster greater entrepreneurialism? • Labour market, skills and inequality: how do we build an economy that works for working people? A series of memos prepared by conference speakers on growth strategies and the political dilemmas they present can be accessed at http://www.policy-network.net/news/3949/The-quest- for-growth. From www.policy-network.net/event/3918/The-quest-for-growth-ideas-for-a-new-political-economy-and-a-more- responsible-capitalism 1 5 October 2012 Speakers include: Ed Miliband, leader of the Labour Party Ed Balls, shadow chancellor of the exchequer and Labour MP Larry Summers, economist and former US Secretary of the Treasury under President Clinton Karl Aiginger, director, WIFO Institute of Economic Research, Austria Marion Dewar, member of the cabinet of Maire Geoghegan-Quinn, EU commissioner for Research, Innovation & Science Richard Lambert, former director general, Confederation of British Industry Helen Thompson, reader, Department of Politics and International Studies, University of Cambridge Andrew Adonis, Labour adviser on industrial policy and former transport secretary and minister for schools and member, House of Lords Liam Byrne, shadow secretary of state for work and pensions, Labour Party Mariana Mazzucato, professor, science and technology, University of Sussex School of Business, Management and Economics Geoff Mulgan, CEO, National Endowment for Science Technology and the Arts Jonathan Portes, director, National Institute of Economic and Social Research Roger Liddle, member, House of Lords and chairman, Policy Network Paolo Reboani, chairman and chief executive officer, Italia Lavoro SpA and former economic and international adviser, Ministry of Employment and Social Policies, Italy Rachel Reeves, shadow chief secretary and Labour MP Xavier Rolet, chief executive officer, London Stock Exchange David Sainsbury, former minister for science and innovation and member of the UK House of Lords Nita Clarke, director, IPA Involve Miguel Sebastian Gascon, former industry, tourism and trade minister, Spain Paul Everitt, chief executive, Society of Motor Manufacturers and Traders Chuka Umunna, shadow business secretary and Labour MP Reinhilde Veugelers, senior research fellow, Bruegel thinktank, Brussels, professor, KULeuven and research fellow, CEPR Paul Gregg, professor, economic and social policy, University of Bath Roy Anderson, professor, School of Public Health, Imperial College London, former chief scientist, MoD Nick Pearce, director, Institute for Public Policy Research (IPPR) Marcus Stuttard, head of AIM, London Stock Exchange Group Hosted by From www.policy-network.net/event/3918/The-quest-for-growth-ideas-for-a-new-political-economy-and-a-more- responsible-capitalism 2 5 October 2012 Further information Main Katherine Roberts Contact Email [email protected] From www.policy-network.net/event/3918/The-quest-for-growth-ideas-for-a-new-political-economy-and-a-more- responsible-capitalism 3 5 October 2012 The quest for growth: ideas for a new political economy and a more responsible capitalism London Stock Exchange 6 September 2012 AGENDA 08:00 Registration 08:30 Welcome Roger Liddle , chair, Policy Network and member of the House of Lords 08:35 – 08:45 Opening remarks Xavier Rolet, CEO, London Stock Exchange Group Ed Balls, shadow chancellor of the exchequer, The Labour Party 08:45 – 09:30 Keynote speech Larry Summers , economist and former US secretary of the treasury under President Clinton 09:30 – 10:45 Session 1: Labour market, skills and inequality: how do we build an economy that works for working people? Moderator : Nita Clarke, director, IPA Involve Speakers: Jonathan Portes, director, National Institute of Economic and Social Research Paul Gregg, professor, economic and social policy, University of Bath Paolo Reboani , economist and chairman of Italia Lavoro SpA Liam Byrne, shadow secretary of state for work and pensions, The Labour Party 10:45 – 11:15 Coffee break 11:15 – 12.00 Keynote speech Ed Miliband, leader, The Labour Party Q&A Ed Miliband, leader, The Labour Party Ed Balls, shadow chancellor of the exchequer, The Labour Party 12.00 – 13:15 Session 2: Industrial policy and an active state: delivering real change Moderator : Andrew Adonis , Labour adviser on industrial policy, former transport secretary and minister for schools and member of the House of Lords Speakers : Miguel Sebastián Gascón, former industry, tourism and trade minister, Spain Karl Aiginger, director, WIFO Institute of Economic Research, Austria Reinhilde Veugelers , senior research fellow, Bruegel thinktank, Brussels, professor, KULeuven and research fellow, CEPR Paul Everitt , chief executive, Society of Motor Manufacturers and Traders 13:15 – 14:00 Lunch Break 14:00 – 15:15 Session 3: Research, science and innovation: why the right firm matters Moderator: Marcus Stuttard , head of AIM, London Stock Exchange Group Speakers: Roy Anderson , professor, School of Public Health, Imperial College London, former chief scientist, MoD Mariana Mazzucato , professor, science and technology, University of Sussex David Sainsbury , former minister for science and innovation and member of the House of Lords Marion Dewar , member of the cabinet of Maire Geoghegan-Quinn, EU commissioner for Research, Innovation & Science 15:15 – 15:30 Coffee Break 15:30 – 15:45 Chuka Umunna , shadow business secretary, The Labour Party 15:45 – 17:00 Session 4: From debt crisis to growth: the return of macroeconomics Moderator : Rachel Reeves , shadow chief secretary, The Labour Party Speakers: Richard Lambert, former director general, Confederation of British Industry Helen Thompson , reader, Department of Politics and International Studies, University of Cambridge Geoff Mulgan , chief executive officer, National Endowment for Science Technology and the Arts Nick Pearce , director, Institute for Public Policy Research (IPPR) 17:00 Closing remarks Roger Liddle , chair, Policy Network and member of the House of Lords Memos, Speeches and Presentations Memo to the Chancellor Richard Lambert Britain's economic outlook continues to deteriorate. There is an urgent need for the Chancellor to come up with a bold and credible plan to point the economy towards a better place. Economic policy after the crisis: Towards a new politics of production Patrick Diamond The coalition is halfway through term and little way towards finding a strategy for growth. For the British Labour party, several key priorities for growth are taking shape, but sharper definition is now required. Repair and renew: learning the lessons of the crisis and forging a new agenda Rachel Reeves Tough decisions on tax, spending and pay cannot be avoided. But when money is tight, our values and priorities matter all the more. No way back: the legacy of a financial sector debt crisis Helen Thompson This is no ordinary recession and it has happened at a time of massive economic change. Any centre-left economic strategy must grapple with the central economic problem of our times; ‘radical uncertainty’. Plan I: why the UK needs innovation-led economic growth Geoff Mulgan Commentators and policymakers have struggled to understand the world of innovation. We need not just a change of economic policy but a change of political culture as well. Things could and should be better Jonathan Portes The UK economy has many underlying strengths and things could and should be better. If only policymakers would act. Labour needs a new ‘golden rule’ Dan Corry & Peter Kenway While nobody should doubt the seriousness of the public sector deficit and the need to reduce it, it cannot and must not be treated in isolation. Becoming players in the innovation game Reinhilde Veugelers Europe’s future competitiveness depends on the active promotion of innovation based growth sectors. Labour policies for the jobless generation Paolo Reboani Demographic changes and globalisation are destroying the old welfare state. Lowering From www.policy-network.net/event/3918/The-quest-for-growth-ideas-for-a-new-political-economy-and-a-more- responsible-capitalism 4 5 October 2012 unemployment is essential to maintain a cohesive society and avoid growing inequalities. 5 myths preventing a progressive growth strategy Stephen Beer Labour must talk about investment in terms of being a responsible steward of the public’s money. Labour's new agenda Ed Miliband Speech delivered to Policy Network, London, 6th September 2012. On growth Larry Summers Speech delivered to Policy Network, London, 6th September 2012. The case for an active government and modern industrial policy Chuka Umunna Speech delivered to Policy Network, London, 6th September 2012. The speeches and memos were presented at the Policy Network conference "The quest for growth: Ideas for a new political economy and more responsible capitalism" From www.policy-network.net/event/3918/The-quest-for-growth-ideas-for-a-new-political-economy-and-a-more-
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