Josh Ryan-Collins

Abolishing stamp duty won’t solve Britain’s housing crisis – but this radical property tax just might | Josh Ryan-Collins Economists on all sides agree: rather than incremental changes, this deeply unfair market needs a ‘big bang’ moment, says associate professor of economics and finance Josh Ryan-Collins

Opportunity knocks for Labour at the upcoming budget to commence a fundamental reform of our broken property taxation system. Some thoughts from me in @theguardian.com
www.theguardian.com/society/comm...

Tories will scrap stamp duty on primary residences, Kemi Badenoch tells conference Leader announces tax cut plan for England and Northern Ireland in speech aimed at boosting fiscal credibility

If you reduce taxation on property, the 'saving' will be capitalised in to house prices, enriching existing owners whilst not increasing homeownership. Property tax needs reform not lowering. Abolish stamp duty & replace with annual proportional property tax.
www.theguardian.com/politics/202...

The tragedy of the ‘measure to manage’ green financial policy paradigm Josh Ryan-Collins, Professor in Economics and Finance, UCL Institute for Innovation and Public Purpose

Its 10 years to the day since Mark Carney's famous 'Breaking the Tragedy of the Horizon' speech set out how central banks could persuade markets to price in the green transition. Unfortunately it didn't happen.
medium.com/iipp-blog/th...

Homes that Don’t Cost the Earth: Affordability within planetary boundaries New pathways to provide affordable homes within environmental limits

This is exactly the type of approach we are exploring in our Homes that Don't Cost the Earth project darkmatterlabs.notion.site/hdce with Arup and Dark Matter Labs

The left’s radical plan to fix housing in Paris Authorities are using an arsenal of interventionist tools to make city homes affordable. Critics call it an attack on property rights

"Paris is also doing more “pre-emption deals” in which it blocks a planned real estate transaction to instead buy the building itself to convert into social housing. Under its new land use plan, the city has labelled some 800 buildings, one-third offices, as candidates."
on.ft.com/4nvu0BT

I love it!

The tragedy of the ‘measure to manage’ green financial policy paradigm Josh Ryan-Collins, Professor in Economics and Finance, UCL Institute for Innovation and Public Purpose

Mark Carney's 'Tragedy of the Horizon' speech is approaching its 10th anniversary.
Some reflections here on why the 'measure risk to manage risk' paradigm it set out has largely failed and alternative path forwards.
medium.com/iipp-blog/th...

The Self-Financing State: An Institutional Analysis of Government Expenditure, Revenue Collection and Debt Issuance Operations in the United Kingdom This article provides the first detailed institutional analysis of the UK government’s expenditure, revenue collection, and debt issuance processes. We show that public expenditure is always financ...

As the government panics about bond market gyrations, its always useful to understand how the UK government actually finances itself: by creating new money, just like a bank.

New paper with @AskerVoldsgaard, Neil Wilson, Andrew Berkeley and Richard Tye.

www.tandfonline.com/doi/full/10....

Homes that Don’t Cost the Earth: Taking Stock | Notion Taking Stock outlines the foundational analysis that will guide the next stages of our work, including the framework and metrics we propose to use to evaluate housing policy and practice, and the key ...

The piece fully aligns with my work over the past decade on the housing-finance cycle and this recent report with @stefanhorn.bsky.social @bethstratford.bsky.social as part of our project 'Homes that Don't Cost the Earth' with Arup & DML. darkmatterlabs.notion.site/hdce?p=21719...

Making British homes affordable again Politicians have long blamed a housing shortage for soaring prices, but it is tax reform that can make the market less dysfunctional

"The numbers suggest rather that the housing crisis is less about shortage than the unequal distribution of homes around the population."
Excellent long read in the FT from John Plender on the true causes of the UK housing crisis: policy drivennn financialisation and inequality.
on.ft.com/4p7SiUk

BREAKING THE HOUSING-FINANCE CYCLE THE GRIMSHAW PODCAST · Episode

Watch my podcast with Sydney's Tim Grimshaw, focussing on the financialisation of housing open.spotify.com/episode/76Wa...

Carrots with(out) sticks: credit policy and the limits of green central banking This article considers the role of central bank interventions in credit and financial markets in support of decarbonization. Drawing on the critical macrofinance literature, we argue that central b...

The Treasury and Bank of England should instead be coordinating to develop credit policies to ensure more credit flows to SMEs and green transition and scale up the National Wealth Fund so it can fully support UK infrastructure, housing and green energy.
www.tandfonline.com/doi/full/10....

Very pleased to see Bailey pushing back on Reeves' flawed plans to liberalise UK banks.
UK banks primarily lend against existing assets, rather than serving the real economy. Only around 15% of all lending goes to non-financial firms, 75% to mortgages and other parts of the financial sector.

⚠️ Financial Stability at Risk

Recent research by IIPP Professor @jryancollins.bsky.social & Research Fellow Lydia Marsden shows the role of finance in ecosystem degradation, urging for systemic reform to protect nature and the economy.

✍️ Read our news story here: buff.ly/wJM34Wb

🌳 Financial System Interactions With Ecosystem Tipping Points

The latest working paper by IIPP's @jryancollins.bsky.social and Lydia Marsden maps financial flows to companies linked to land-use change and degradation in two at-risk ecosystems.

✍️ Read their paper here: buff.ly/TwbaSOw

🎤 IIPP Professor @jryancollins.bsky.social recently gave evidence to @europarl.europa.eu's Special Committee on the Housing Crisis in the European Union, emphasizing the need to adjust outdated policy tools to combat increasing financialisation.

📺 Watch the recording: buff.ly/MQJTPOB

Special committee on the Housing Crisis in the European Union Ordinary meeting - Multimedia Centre The multimedia platform of the European Parliament is the official public available repository of the media production of the Secretariat of the European Parliament, managed by the Directorate-General...

Gave evidence to the @euparliament.bsky.social yesterday on policy solutions to deal with the financialisation of housing. Also speaking were the Deputy director of the ESRB & @danielagabor.bsky.social
I'm on from from 11h42m
multimedia.europarl.europa.eu/en/webstream...

@iipp-ucl.bsky.social

Financial System Interactions With Ecosystem Tipping Points Authored by Lydia Marsden, Josh Ryan-Collins, Jesse F. Abrams, and Timothy M. Lenton

We're also publishing the 2nd part of our research mapping the financial flows contributing to ETPs, this time focussing on the Boreal forests of Canada & Russia and Indonesian Mangroves. Report co-authored with @exeter.ac.uk's Tim. Lenton & Jesse Abrams. tinyurl.com/22ad64hr

Financial Stability at Risk: An Urgent Call to Central Banks and Regulators to Address Ecosyste New policy brief calls for stronger financial interventions to help prevent systemic risks to global economies, highlighting how financial flows contribute to nature loss in five crucial ecosystems.

New discussion note published today on how central banks should regulate to reduce financial flows constribution to ecosystem tipping points. Collaboration with WWF Green FInancial Regulation Initiative. Plus...
wwf.panda.org?14288941/Fin...

Homes that Don’t Cost the Earth: Taking Stock | Notion Taking Stock outlines the foundational analysis that will guide the next stages of our work, including the framework and metrics we propose to use to evaluate housing policy and practice, and the key ...

New paper sets out a framework for rethinking our approach to the housing crisis as if we had limited resources (labour, materials and C02 emissions).
Part of our 'Homes that don't cost the earth' collaboration with @iipp-ucl.bsky.social, Arup engineers & @darkmatterlabs.org
tinyurl.com/2c6rcrgb

Looking forward to speaking on this panel next wednesday in Brussels on the housing affordability crisis. Hosted by the S&D Group and & MEP Andreas Schieder.
Sign up to join in person or online below.
Join us in Brussels or online: socsde.ms/ZS7

Join @neweconomics.bsky.social and @policyalternatives.ca @ricardotranjan.bsky.social for a Canada-UK housing justice dialogue, with contributions from the amazing @jryancollins.bsky.social 👇

🌳 What is the future of nature-aligned finance?

IIPP Professor @jryancollins.bsky.social‬ will be speaking at the upcoming 'Towards Nature-Aligned Finance' event hosted by the Erasmus Platform for Sustainable Value Creation on June 19th.

🔗Learn more and register here: buff.ly/bU9mhhB

I'll be charing the closing panel of this workshop hosted by the Erasmus Plaform for sustainable value creation in Rotterdam next thursday. Tickets still available.
www.eventbrite.co.uk/e/towards-na...

The Demand for Housing as an Investment Authored by Josh Ryan-Collins

Sounds like outcomes UK Treasury should be interested in.

More details of how to do it laid out in my report for UK housing department drawing on blueprint from @fairershare.bsky.social
www.ucl.ac.uk/bartlett/pub...

Excellent piece from @resi-analyst.bsky.social. Housing transactions are collapsing and we desperately need property tax reform. Shifting from stamp duty & council tax to an annual property tax could increase transactions & the tax take, increase labour productivity and growth.
on.ft.com/4jiWbSn

🏠 The Demand for Housing as an Investment.

IIPP Professor @jryancollins.bsky.social policy report makes a series of policy recommendations on how to make the housing market more affordable and break the feedback cycle.

🔗 Read the report here: buff.ly/SOHIVP8

I'll discuss how we can deal with the UK's housing affordability crisis without building 1.5m new homes @pef-online.bsky.social annual conference on thursday.

Great line up including @annpettifor.bsky.social @zackpolanski.bsky.social @jdportes.bsky.social

Tix: www.eventbrite.com/e/progressiv...

UCL – University College London UCL is consistently ranked as one of the top ten universities in the world (QS World University Rankings 2010-2022) and is No.2 in the UK for research power (Research Excellence Framework 2021).

NEW JOB: Research Fellow at IIPP working on macrofinancial implications of nature loss and green transition with me.
Academic research + policy influencing. Focus on inflation and financial stabillity.
2 year post in first instance, £43-51K, deadline 26th May. www.ucl.ac.uk/work-at-ucl/...

UCL – University College London UCL is consistently ranked as one of the top ten universities in the world (QS World University Rankings 2010-2022) and is No.2 in the UK for research power (Research Excellence Framework 2021).

NEW JOB: Research Fellow at IIPP working on macrofinancial implications of nature loss and green transition with me.
Academic research + policy influencing. Focus on inflation and financial stabillity.
2 year post in first instance, £43-51K, deadline 26th May. www.ucl.ac.uk/work-at-ucl/...