Meghan Joy and Dr. John Shields
In a post sub-prime mortgage induced financial crisis, another financial tool that risks increasing precarity for those most vulnerable is becoming increasingly popular in a political climate of austerity.
Social Impact Bonds (SIBs) are a social policy tool that claims to solve complex policy problems, such as homelessness, unemployment, and recidivism, through the scientific methods of financial modelling. Actively supported by several governments worldwide – there are currently 54 projects in 13 countries – SIBs provide a mechanism to turn the risky behaviours of vulnerable individuals into a form of profit making for private impact investors. SIB projects target population groups, such as the homeless, troubled youth, and obese, whose problems result in costly use of emergency-oriented public services such as shelters, prisons, and hospitals. In this way, SIBs are positioned as preventative, allowing future savings on costly public programs. These savings, also known as impacts, outcomes, or results are measured for their social value created (Dowling & Harvie, 2014). The SIB instrument places a current price on anticipated social value based on the assessed future risk that participants will not be reformed. Risks become a reward as investors bet on the extent to which vulnerable people will be transformed.
Continue reading The Immorality of Innovation – the Tale of Social Impact Bonds
Dr Marian Duggan, Lecturer in Criminology, University of Kent
Domestic violence is never far from the news.
With an average of two women a week being killed by a current or former partner, and an increasing number of cases involving the murder of children too, initiatives to address this form of interpersonal victimisation have been increasingly prioritised by governments.
One such initiative in the UK is the Domestic Violence Disclosure Scheme (DVDS). Launched on International Women’s Day (8th March) 2014 by Home Secretary Theresa May MP, the DVDS offers members of the public the ‘right to ask’ the police for information about a partner’s past if they are concerned that there is a history of domestic violence or violence against women. The policy was heralded by the Home Secretary as part of a “raft of measures” designed to “hand control back to the victim by ensuring they can make informed decisions about their relationship and escape if necessary”.
Continue reading New domestic violence policy to hand back control to victims – but does it?
There is a clear divergence emerging between each region in the UK in terms of the nature and pace of implementing a policy framework that supports older service users and promotes a person-centred framework.
Following devolution, Scotland and Wales have developed adult social care strategies underpinned by person-centred principles through divergent policies and provision from each other and England. Meanwhile, in Northern Ireland, policy developments have not progressed at the same pace as the rest of the UK and there has been emphasis on a person-centred policy for adult social care users. The acknowledged shift in dependency ratios and increasing social care projects have emphasised a sense of urgency to reform adult social care policy in Northern Ireland. Continue reading Imagining the future: Growing older together?
Nat O’Connor, IRiSS, Ulster University
We all know that living on a low income is a daily challenge.
It’s not just about carefully planning the week’s spending—and deciding what things to do without—but it is a balancing act to deal with unexpected expenses: a medical emergency, a debt to be repaid or an extra cost for a child’s school trip.
And there is no point at which someone waves a magic wand and says here’s money that will clear your debts and allow you to patch up the fabric of your life. Most people won’t inherit money or be given a lump sum when they reach retirement age. Continue reading A Fair Economy is About More than Just Cash
Social security systems are being transformed according to untested assumptions about how benefit recipients act. Sharon Wright provides evidence to challenge several core myths on which British welfare reforms have been based. There is a wide gap between the dominant way in which welfare subjects are represented in political and media debate and the lived experiences of those receiving benefits and using support services.
Over the last 15 years, British welfare reforms have focussed on individualising responsibility and contracting-out services. These strategies share a behaviour change logic that assumes the source of the problem is to be found in the flawed motivations and actions of benefit recipients and their job coaches. Consecutive UK governments have been strongly committed to the idea of ‘getting people off benefits and into work’, despite long periods of minimal unemployment rates and exceptionally high employment rates. Continue reading Welfare reforms are based on the wrong assumptions about benefit recipients’ motivations and actions
Britain has voted for Brexit. What comes next is remarkably unclear. In an article originally published on the LSE Brexit Vote blog on 24th June, and on the Democratic Audit UK blog, James Strong argues that four questions remain, and whether it is a general election or a second referendum, further polls will be required. To read the article on the Democratic Audit UK blog, click here.
- Credit: European Parliament CC BY-NC-ND 2.0
First, when will the Brexit negotiations begin? This morning David Cameron broke two promises he made during the referendum campaign. He resigned as Prime Minister. And he announced that he would not immediately inform the European Council that Britain wishes to withdraw from the EU, in line with Article 50 of the Lisbon Treaty. This is significant. Once a state activates Article 50, it has two years to negotiate its future relationship with the remaining 27 member states. After two years its membership terminates automatically. Continue reading The Brexit debate is far from over: there will have to be a further vote
Dr Claire Dunlop talks about her motivation for editing a special issue on policy learning and policy failure, publishing January 2017, and why her subject is so important.