Tag Archives: finance

How the world’s first Social Impact Bond drained public resources, and why the market model fails forward

In today’s blog, Robert Ogman argues that success stories on the social investment market are hiding inconvenient truths, and require honest rethink about such risky and expensive policy experiments In 2009, when governments took on enormous debts to rescue the … Continue reading

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Participatory Budgeting: Shining light on the well manicured hands on the public purse.

Jez Hall from the Participatory Budgeting Network argues that the costs are spiralling of a public service culture that is focussed on acute interventions, increasingly relies on private delivery and is driven by the interests of professionals. He argues that … Continue reading

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Regional Savings Banks and the Financial Crisis in Spain

The sovereign debt crisis that put the Spanish socialist (PSOE) government under pressure to begin an austerity programme in May 2010  started two years earlier in a crisis of the financial system.  Whilst central government initially dismissed it as a … Continue reading

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The Autumn Spending Review: A Political but not an Economic Fix?

After the Government’s spending review on 25th November, I was struck by how experienced political commentators were fumbling to get a grip on the detail of its plans and forecasts. What lies beneath the headlines and soundbytes will become clear with … Continue reading

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