Five charts that tell the story so far of the post-referendum economy

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Public Finances and the Economy

Perhaps the only certainty in relation to the UK at the moment is that things look very uncertain. Longer-term, much will depend on just what Brexit ends up meaning. Shorter-term, most economists expect some form of demand-led slowdown – with general business and consumer uncertainty pulling back on investment and spending and sharp falls in … Continued

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“Ordinary, working people” and the rise of self-employment

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Jobs, Skills and Pay

Theresa May undoubtedly has a lot to focus on, but she was clear last week that her government will be “completely, absolutely, unequivocally – at the service of ordinary, working people”. Which raises the question: who are these people? We had a helpful reminder from the ONS last week that a typical working person is … Continued

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Could a Brexit-induced house price fall benefit those who are struggling with housing costs?

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Housing, Wealth and Debt

In a world full of gloomy post-referendum prognostics is there anything for low to middle income households to be cheerful about? In recent research we have shown that rising housing costs have dragged down living standards over the last two decades. Could a Brexit-induced drop in house prices be the silver lining for these hard-pressed … Continued

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Responsibility for avoiding a post-Brexit downturn rests as much with our politicians as our economists

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Public Finances and the Economy

Despite boasting an impressive track record for inaction in recent years, the Monetary Policy Committee’s decision to leave rates on hold last week still surprised many. Expectations had built following Mark Carney’s statement on 30 June that post-Brexit “deterioration” in the economic outlook meant that “some monetary policy easing [would] be required over the Summer”. … Continued

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Renewing the intergenerational contract could be as important to future generations as a successful EU exit

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Incomes and Inequality, Intergenerational Commission

We have become very sensitive to inequities of class or race or gender. But we have been ignoring a growing new problem – unfairness between the generations. When I wrote The Pinch six years ago it was the first book looking at Britain from the point of view of the different generations. Since then it … Continued

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