The recent change of government brings to an end a sustained attempt to transform British industrial relations by legislative action. This article explores the consequences. It explains the cumulative effect of the legal changes since 1979, including the growing influence of the European...

In 2009, the G20 leaders agreed that all standardised over-the-counter (OTC) derivatives should be cleared through central counterparties (CCPs). Accordingly, an increasing proportion of OTC derivatives are now centrally cleared, particularly where the trading counterparties are large...

Referring to issues raised by recent reforms and future expansion of apprenticeship, this report reveals the consequences serious skills shortages have on the economy as a whole. It calls for radical improvements to the provision of apprenticeship training in Britain in order to close the skills...

Although interest in monopsonistic influences on labour market outcomes has revived in recent years, only a few empirical studies provide direct evidence on it. This paper analyses empirically the effect of monopsony power on pay structure, using a direct measure of labour market ÔthinnessÕ....

Although interest in monopsonistic influences on labor market outcomes has revived in recent years, only a few empirical studies provide direct evidence on this topic. In this article, the authors analyze the effect of monopsony power on pay structure, using a direct measure of labor market...