Game changer?

Assessing the Budget’s economic, and electoral, impact

Thursday 7 March 2024

The upcoming Spring Budget may be the last big fiscal event before the General Election, one of few chances for the government to set the terms of the economic debate. And with the government trailing heavily in the polls, and the economy entering a mild recession at the end of last year, the pressure is … Continued

Tax cuts today, spending cuts tomorrow?

How the Budget might shape the General Election and beyond

Wednesday 21 February 2024

An election is coming, and therefore so are tax cuts in the Budget on 6th March. But the size of those tax cuts are dependent on the amount of fiscal room for manoeuvre the Chancellor has. And their shape will reflect where his political and economic priorities lie. Plus tax cuts come in a context … Continued

Preparing the pitch

What to expect in the upcoming Autumn Statement

Monday 6 November 2023

The Chancellor has two just two more fiscal events in which to prepare the economic pitch for the upcoming General Election. The backdrop is a challenging and uncertain economic environment, alongside huge pressure on both public services and finances. With the Prime Minister making a virtue of the need to take tough decisions, the Chancellor … Continued

Into calmer waters?

Assessing Budget 2023

Thursday 16 March 2023

The UK has gone through four Chancellors, three Prime Ministers and entered a cost-of-living crisis in 500 days since the last Budget way back in October 2021. On 15 March, Jeremy Hunt will unveil his first Budget, hoping to signpost the UK economy’s way towards a new, calmer, phase of lower inflation and higher growth. … Continued

Back to basics Budget?

What Jeremy Hunt’s March Budget has in store

Monday 6 March 2023

2022 marked a tough year, with soaring inflation sparking a cost-of-living crisis and repeated government announcements to tackle it. And that was before the Autumn economic policy chaos. The economics and politics are now calmer. Inflation – and most importantly gas prices – is falling, and the Chancellor hopes to deliver a more ‘normal’ Budget … Continued

Under new management

Where will the new Prime Minister steer the UK economy?

Tuesday 1 November 2022

Britain is in the midst of a political and economic crisis, with four Chancellors and three Prime Ministers in four months. And with the latest political turmoil triggered by attempts to completely rewrite economic policy, the new Prime Minister is under intense pressure to demonstrate his economic credibility, calm the markets and reduce the pressure … Continued

What next?

The impact of Trussonomics, tax cuts and market turmoil

Thursday 29 September 2022

The last few days have seen a radical reshaping of the Government’s economic policy and a radical reaction from financial markets. Out have gone both Treasury orthodoxy and the legacy of the Johnson premiership, and in are lower taxes, higher borrowing – and higher borrowing costs as spooked markets respond. Will this new strategy boost … Continued

Event: waiting for Spring

Waiting for spring

Assessing the Chancellor’s Spring Statement

Thursday 24 March 2022

Britain entered 2022 with a recovery resilient to Omicron and tax revenues coming in billions higher than expected. But good news on the public finances has been matched by troubling news for family finances as inflation soared and living standards have been squeezed. The conflict in Ukraine has further clouded the UK’s economic outlook, as … Continued

Budgeting for Britain

What the Budget and Spending Review tell us about the Government’s economic strategy

Thursday 28 October 2021

Rishi Sunak has had to make a flurry of major fiscal announcements during his 18-months as Chancellor amidst the Covid-19 crisis. At last, with the worse of the crisis behind us, he will hope to be able to set-out an economic plan for post-pandemic Britain in his Budget and Spending Review next Wednesday. However, with … Continued

On the recovery road

Assessing the Budget and economic outlook

Thursday 4 March 2021

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 and firms reluctant to invest, the road to recovery … Continued

Monetary policy
Budgets & fiscal events
Economy and public finances

Budgeting for Britain’s economic recovery

Thursday 25 February 2021

The economic outlook for 2021 is highly uncertain. Having started with a renewed lockdown and likely shrinking economy, a stronger than expected vaccine roll-out offers hope for a recovery in the months ahead. The upcoming Budget on 3 March will be critical in terms of shaping the strength and nature of that recovery from this … 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

Blowing the Budget?

The Resolution Foundation's pre-Budget report

Monday 24 February 2020

The first Budget of a new parliament is always important as it frames the government’s economic agenda for the rest of the term. And the upcoming Budget is set to be big not just in political strategy terms, but in hard cash too – with £100bn of new capital spending expected to support the government’s … Continued

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