On the eve of Jeremy Hunt's release of the Sunak government's Autumn statement on the budget, a BBC2 Newsnight broadcast addressed this issue. Growth Commission Co-Chair Shanker Singham outlined the potential impact of the recently released alternative budget proposal, the Growth Budget, which would increase per capita income in the UK by 23% over twenty years.
On 9 November 2023, Politico UK held the "UK Financial Services Summit 2023." The first panel of the event was "Maintaining the U.K.’s lead in the financial world", and the participants included Bim Afolami MP, Chair, APPG Financial Markets & Services; James Murray MP, Shadow Financial Secretary to the Treasury; Shanker Singham co-chairman & CEO The Growth Commission & Competere (respectively).
On 9 November 2023, Politico UK held the "UK Financial Services Summit 2023." The first panel of the event was "Maintaining the U.K.’s lead in the financial world". This video is of Shanker Singham's introductory remarks.
Shanker Singham, a Trade Fellow with the Institute of Economic Affairs, sat down with IEA Communications Officer Reem Ibrahim to discuss parameters for successful cases of privatisation.
On October 1, GB News spoke live with Shanker Singham about the release of two new reports from the Growth Commission which document how anti-competitive measures have hurt the UK. Shanker co-chairs the Growth Commission with Doug McWilliams.
On September 30, The Telegraph published an Opinion piece by Shanker Singham concerning the release of new research by The Growth Commission documenting the pain to UK consumers of anti-competitive market regulations and potential solutions for addressing this urgent issue.
Henry Bonsu interviews Shanker SIngham on the potential trade agreement emerging from the Sunak/Modi meeting at the G20 summit in India. Singham indicates the sticking points, but at the same time, the time frame and possibility of concluding a major free trade pact.
In the Spectator Podcast "The Edition", Executive Editor Lara Prendergast discusses the feature article in The Spectator Magazine, with author James Heale and trade expert Shanker Singham. Discussion indicates urgency of clinching FTA in context of the strengthening of the Indo-Pacific alliance.
“If GDP per capita is a little bit off where it could be, that is magnified massively over time.”
“We have to focus like lasers on what is going to grow the economy” explains CEO of Competere .
Watch interview below.
"Shanker Singham, an international trade expert who advises the US and UK governments, says western countries should not shy away from imposing tariffs on Chinese cars where necessary.
But rather than imposing blanket restrictions, he suggests they should only target companies that can be shown to have received state support – and that they should be calibrated only to mitigate those benefits."
Barely 16 months before the next election, the White House has only recently held the first meeting of the President’s Export Council. With little time, lofty goals, and stiff political headwinds, what can this national advisory body on international trade achieve?
There is something tangible and attainable: a free trade agreement with the United Kingdom......
Reform Think Tank issues report: 'Breaking down the barriers: Why Whitehall is so hard to reform'
Many countries have tried, and failed, to secure a meaningful trade deal with India. The Americans and Europeans have been at it for decades, while Australia has managed a relatively superficial pact. The only country to succeed in recent years is the United Arab Emirates. Britain could soon become the second.
The UK may have avoided a recession so far in 2023, but this has come at the cost of continuing inflation and squeezed living standards. Of the G20 countries only Turkey, Argentina, Brazil and Mexico have higher core inflation than the UK. Once the inflation genie is out of the bottle it is difficult to stuff it back in...
Members of The Growth Commission, co- chaired by Shanker Singham and Douglas McWilliams, at the opening event. Further information available at the commission's website.
Shanker Singham comments on Twitter: "Very pleased to be appointed Deputy Chairman of the Growth Commission. Happy to serve with @DMcWilliams_UK
and fellow Commissioners."
GN News anchor Nana Akua interviews Shanker Singham who was amongst a panel of experts addressing the causes of inflation in the UK.
As part of their coverage concerning the US trip of PM Sunak, BBC 2 aired a program entitled "Where has the US/UK trade deal gone?" Shanker Singham made the following comment on Twitter: "Good to talk about the transatlantic partnership, a new deal on data and the Atlantic Declaration. After the Hiroshima Accord, a trilateral relationship is developing. "
Government price caps are again in the news again. The U.S. government is in the process of imposing them on key drugs as authorized by the Inflation Reduction Act. Across the Atlantic, the British government suggests their use not just for energy but now also for food retail.
Former UK Trade Advisor, Shanker Singham, explains what are the combination of measures that could be used to reduce energy costs to consumers..
For too long the UK’s approach to regulation has been warped by a strange kind of numbers game: how many laws can be removed? What percentage of EU laws on the UK rule book can be dispensed with? how many quangos can go on the bonfire?
"Digitising cross-border trade will give a real boost to the UK economy. By reducing supply chain cost, delay and risk it can enhance trade opportunity and relieve pressure on consumers. But action is needed now, says Shanker Singham, Digital Trader Services (DTS) consortium partner and CEO of Competere. "--
Click below for more from Digital Trader Services
"Stena Line and Isle of Anglesey County Council were delighted to receive the news today that their joint bid to establish a Freeport in Holyhead has been successful. The Freeport status was granted by the UK and Welsh Governments, marking a significant economic boost to North Wales." (From Stena Press Release)
Competere was lead advisor to the Stena Consortium that won the bid.
US Ambassador Jane Hartley was hosted by Commons Speaker Sir Lindsay Hoyle at Wilton Park, for a discussion on the transatlantic relationship and the strength of UK-US cooperation. Ambassador Hartley and Shanker Singham, CEO of Competere, held a fireside chat in the presence of an audience of Friends of Wilton Park and the British American Parliamentary Group. (First photo above.)
Drawing on a range of global case studies, Market Distortions in Privatisation Processes illustrates the ways in which market distortions damaged the ability of privatisation processes to yield concrete benefits to consumers.
The book compares and contrasts privatisations of state-owned enterprises around the world where competition informed the regulatory design and thus liberated consumer welfare. In particular, the cases are drawn from the electricity and gas sector, the telecoms industry, and postal services – each of which has been frequently privatised in different context. For each industry, the book explores the UK and US experiences as well as looking at international cases from both developed and developing countries including, where appropriate, Japan, Colombia, Romania and Mexico. The emphasis is on analysing the impact that market distortions have had on the outcomes of those privatisations. The book also looks at how public service objectives were achieved and how they too can be designed in pro-competitive or anti-competitive ways.
This book will be of significant interest to readers in international business, economics, and law.
Trade, Competition and Domestic Regulatory Policy presents a unique combination of analysis of both international trade and investment policies, and competition and regulatory policies. Increasingly, policymakers, businesses and the law and economics professions need to better understand how changes and policy developments in international trade and competition developed and how their interaction impacts on global business.
In addition to providing a comprehensive analysis of the attempts of international trade theory and practice to deal with tariffs, non-tariff barriers, market distortions and failures to protect various kinds of property rights, this book contains a detailed treatment of how property rights protection, including intangible property rights are a critical element of ensuring open trade and competitive markets. It examines how these rights have developed over time, and how they have been integrated into trade and competition policy.
This book will be of significant interest to students of international business, professors of economics, law and business, and policymakers at the intersection of trade, investment, competition and property rights