Prepare for a pay squeeze as big as in the 1810s

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Fiscal Choices

The early 21st century doesn’t have too much in common – thankfully – with the war-torn early 19th century (Although a global superpower was headed by a man of dubious temperament). But Autumn Statement 2016 and the first official projections of the impact of Brexit on the UK’s economy added an unfortunate new connection. If … Continued

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Theresa May needs to spread the jam more thickly

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Fiscal Choices

Since taking office in July, Theresa May has made it clear that she wants to put the ‘just about managing’ – those working families struggling to get by – at the heart of her government’s agenda. Yet Wednesday’s Autumn Statement, which provided the first opportunity for setting out a package of support, proved less jam-packed … Continued

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The Autumn Statement debate has focused on the public finances – but the impact on family Budgets is just as stark

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Fiscal Choices

Yesterday’s discussion of the Chancellor’s first (and last) Autumn Statement understandably focused on the very significant increase in borrowing that the first official take on the economic impact of the decision to leave the EU unveiled. In short the Office for Budget Responsibility thinks the Brexit vote is expensive – coming with a price tag … Continued

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The big picture tomorrow will be about the consequences of Brexit, but don’t forget its causes

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Fiscal Choices

Like bad pop music, there is a predictable rhythm to all Budgets and Autumn Statements. That’s partly about the theatre on the day – a photo outside Number 11, Chancellor’s statement in the Commons (including the rabbit out of a hat announcement) and the opposition’s response (usually involving shooting foxes and recently Communist book club … Continued

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The “just managing” need deeds, not words

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Fiscal Choices

Theresa May has identified the fortunes of “just about managing” working families as her priority in post-Brexit Britain. A new government’s rhetoric precedes real outcomes against which it can be judged. But from one point of view, May’s talk about the low-paid looks well timed. Employment remains on an upward march, and after the longest … Continued

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Will the new Chancellor pass the first major test of support for ‘just managing families’ in his Autumn Statement?

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Fiscal Choices

We are approaching the time of the football season where managers start to lose their jobs. New appointees inevitably face lots of problems, but they have an opportunity to make a name for themselves by turning things around. The key is to identify where problems are and take effective and rapid action. Even with intense … Continued

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