The economic outlook

Speech by the Governor of the Bank of England Andrew Bailey

UpcomingMonday 8 March 2021

Live interactive webinar. Register to receive an access link. The Covid-19 pandemic has sparked a truly global economic crisis, affecting families, firms and institutions throughout the world. The UK has been hard hit – experiencing the biggest economic contraction in over three centuries – but the fast pace of its vaccine roll-out means that the … Continued

On the recovery road

Assessing the Budget and economic outlook

Thursday 4 March 2021

Live interactive webinar. Register to receive an access link. Chancellor Sunak’s first year in office has been marked by a huge economic crisis, and unprecedented policy interventions to support workers and firms through the pandemic. With vaccines being swiftly rolled out, the year ahead should see the economy return to growth. But with rising unemployment … Continued

Working in the Think Tank Sector

A joint event in partnership with other think tanks and organisations

Wednesday 24 February 2021

Do you want to help find solutions to society’s biggest problems? Have you ever thought about working for a think tank? Think tanks are research organisations that develop ideas on a whole range of subjects affecting society. They make suggestions for action, using research, analysis and commentary to inform and influence politicians, policy makers and … Continued

Recovering from long Covid

Understanding the pandemic’s labour market legacy

Thursday 18 February 2021

The Job Retention Scheme has provided vital support for millions of workers, and kept a lid on job losses. But with the country in a renewed lockdown, the combination of rising unemployment and long lasting furlough means an unprecedented number of people who have done little to no work in nearly a year. Previous recessions … Continued

Resolving rents

Tackling Britain’s rent arrears crisis

Tuesday 16 February 2021

Britain’s private renters have been one of the groups hit hardest by job losses and furloughing during the coronavirus crisis. A temporary eviction ban has prevented that feeding through into people losing their homes mid-pandemic, but has seen rent arrears mount. This spells trouble for both tenants and landlords in the months ahead. As the … Continued

Building back business

With revenues down and debt up are firms ready to power the recovery?

Wednesday 10 February 2021

The Covid-19 pandemic continues to take its toll on Britain, but the roll-out of vaccines offers hope. The economy is expected to recover this year – but the strength of that recovery will depend on how our firms, and jobs and housing markets, respond in the months ahead. Decisions made at the upcoming Budget will … Continued

A Living Pension

What would it take to secure a better retirement income for workers?

Monday 25 January 2021

UK pensions have seen radical reforms in recent years to boost pension saving and tackle poverty in retirement. Government has introduced a flat-rate state pension and got more millions more workers saving through auto enrolment. But these policies alone can’t guarantee an adequate income for many pensioners. Could the creation of a ‘Living Pension’ – … Continued

A standard recovery?

The outlook for living standards, poverty and inequality

Monday 18 January 2021

2020 was tough for household living standards, even with unprecedented support to increase benefits and pay wages through the Job Retention Scheme. While the start of 2021 looks grim, a swift vaccine roll-out holds out the promise of an economic recovery to come. But this unprecedented crisis may be followed by an abnormal recovery for … Continued

A new era

What do Brexit and Covid mean for migration and the UK labour market?

Thursday 17 December 2020

On 1 January 2021, freedom of movement between the EU and the UK will end, and the UK’s new points-based immigration system will begin. This will mean major change for sectors of the economy – from fruit-picking to social care – heavily reliant on lower-paid migrant labour.  And even before Britain ‘takes back control’ of … Continued

Coronanomics: Challenges from the distributional impact of the crisis

Friday 11 December 2020

While the health implications of the COVID-19 crisis have fallen overwhelmingly on older generations, the economic fallout has fallen heavily on the young and those on lower incomes. Given the highly uneven impact of the crisis, policymakers face huge challenges in preventing the crisis from creating new inequalities and exacerbating existing ones. In this webinar, … Continued

Coronanomics: Challenges facing policy and governance

Tuesday 8 December 2020

Coping with the COVID-19 pandemic has been the toughest test for many governments in generations. From suppressing the virus and ensuring healthcare systems can cope, to dealing with the fallout in terms of support for businesses and households, governments are facing huge policy battles, and on multiple fronts. This has placed great pressure on our … Continued

Coronanomics

The economic challenges of COVID-19

Monday 30 November 2020

The COVID-19 pandemic has upended economies across the world. The daunting scale, pace and uncertainty of the crisis has presented huge challenges for economics, and for economic policymakers attempting to steer countries through it while limiting the damage to citizens’ lives and livelihoods. And even if a vaccine is found soon, the legacy of the … Continued

Cash for Covid

Assessing the Spending Review and economic outlook

Thursday 26 November 2020

With economic uncertainty running high, the Chancellor has cancelled his Budget and scaled down his upcoming Spending Review. But he still faces big decisions about how much of this year’s exceptional spending will continue into next year to support the economy and tackle the virus. Add in fresh forecasts from the Office for Budget Responsibility … Continued

Coping with the crunch

COVID-19’s impact on household incomes, savings and debt

Monday 16 November 2020

The spring lockdown caused the biggest short-term income shock since the mid-1970s, with better off households seeing their savings rise while lower income families took on more debt. But this pandemic has now had eight months to run, with more difficult months ahead as the Government tightens restrictions across the country. Policy makers need a … Continued

Paying for Covid

Repairing the public finances without derailing the economy

Thursday 12 November 2020

COVID-19 has already been extremely expensive, with borrowing forecast to exceed £400 billion this year and a substantial deficit set to continue well after the crisis has passed. But that borrowing has been crucial in supporting the economy through the deepest recession for 300 years and government spending has a crucial role to play in … Continued

Workertech

Using technology to improve Britain’s post-covid labour market for low earners

Tuesday 10 November 2020

Technology is changing the world of work – from app-based firms to the roll-out of remote workplaces during the Covid-19 pandemic. The benefits of these new technologies can often pass low-earners by, or add to greater insecurity in their working lives. But new technologies also have the potential to improve workers’ pay, skills and career … Continued

From locking down to ‘levelling up’ Wales

The past, present and future of Welsh living standards

Thursday 5 November 2020

Wales is often absent from Westminster-based discussions around ‘levelling up’, despite household incomes in Wales lagging as far behind the UK average as those in the north of England. But the Welsh government’s policy levers are far stronger than those of English regions, and that status and voice within the UK has become more prominent … Continued

Covid-insecure

How safe are our workplaces during the pandemic?

Tuesday 3 November 2020

Some types of workplace have long been recognised as hazardous, but the Covid-19 pandemic means new health and safety risks at work are now widespread. While people are once again being urged to stay away from their workplace if possible, that is not an option for millions of workers in shops and warehouses, schools and … Continued

Jobs, Jobs, Jobs

Where has six months of this crisis left workers, and what’s coming next

Wednesday 28 October 2020

As unemployment rates start to rise six months into this crisis, there are countless human stories of how workers have been affected. Some workers have had to adjust to lower pay or fewer hours, while others are worried about life after furlough, or have switched jobs or lost their livelihoods altogether. In order to understand … Continued

Lives, livelihoods and lifestyles

The impact of the covid crisis across generations

Thursday 8 October 2020

The COVID-19 crisis has cost tens of thousands of lives, millions of people’s livelihoods and upended everyone’s daily life. While younger generations have the lowest health risk from the virus, the Resolution Foundation’s Intergenerational Audit – the first comprehensive assessment of how the crisis has affected different generations across society – will provide fresh analysis … Continued

How numbers can run, ruin and save the world

Book launch for 'How to make the world add up' by Tim Harford

Monday 28 September 2020

Pandemic life can feel dominated by statistics – whether its covid rates going up, GDP coming down, or algorithms ruining kids’ exam results. Making sense of this data can be a force for good, but it can also mislead, confuse or leave people cold. Tim Harford is one of the world’s leading – and most … Continued

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