Enlightened economics

Lessons from Adam Smith on the economic challenges facing modern Britain

Wednesday 13 September 2023

Adam Smith was a leading political economy thinker of the Scottish enlightenment in the mid-late 18th century. But as the “Father of Capitalism” his pioneering work on free market economics has influenced politicians, philosophers and economists throughout the 19th, 20th and 21st centuries too. But modern Britain – as well as other advanced economies – … 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

Chatting to Chancellors

Book launch for The Chancellors by Howard Davies, featuring former Chancellor George Osborne

Monday 30 May 2022

The nature of British economic policy, and the Treasury’s role in directing it, have ebbed and flowed over the past 25 years. Monetary policy was ceded to the Bank of England in 1997, but the Treasury then extended its grip over domestic policy. The last decade has seen it respond to two once-in-a-lifetime economic crises, … 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

Bidenomics

Lessons for the UK

Tuesday 15 March 2022

Speech by Jared Bernstein, Member of the Council for Economic Advisors under President Biden, with response by Shadow Chancellor Rachel Reeves Joe Biden came into office with an ambitious economic plan for building back American prosperity after the pandemic – with policy objectives ranging from the renewal of infrastructure and greater childcare support, to more … Continued

Catch 2022

What does the end of a global pandemic and the start of a European conflict mean for Britain’s economic outlook?

Monday 14 March 2022

The end of the Covid economic crisis is finally in sight. But it has swiftly been replaced by a terrifying conflict in Europe that threatens lives in Ukraine and livelihoods far beyond its borders. The UK’s immediate post-Covid economy thankfully doesn’t include the lengthy dole queues that normally follow a recession. But it instead faces … Continued

Pressure points

Why the state is getting bigger and what we do about it

Thursday 10 February 2022

The UK that exits the pandemic has a bigger state than the one that went into it. The 2020s will bring further pressure for the state to grow or our tax revenues to shrink, including from our ageing society and net zero ambitions. But previous approaches to responding to such pressure – from shrinking the … 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

Nationally insured?

Analysing the Government’s tax-raising plan to fund health and social care

Wednesday 8 September 2021

Having promised a plan to reform social care and to not raise National Insurance in the 2019 General Election Manifesto, the Government has delivered on one promise, and broken the other, in spectacular fashion today. With over £30 billion worth of tax rises being announced in just six months, further funding for the NHS coming … Continued

The Chancellor’s Autumn crunch

Assessing the key economic decisions to come

Monday 6 September 2021

Since his surprise promotion in March 2020, Rishi Sunak has spent his first 18 months as Chancellor in full Covid crisis mode. But as the worst of the crisis appears to be behind us, the Government has an Autumn crunch of tough decisions ahead of it – with a Spending Review and potential Budget to … Continued

Covid-19
·
Monetary policy
·
Economy and public finances
·
Macroeconomic policy

The economic outlook

Speech by the Governor of the Bank of England Andrew Bailey

Monday 8 March 2021

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 economy is expected to recover rapidly this year. The … 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

Covid-19
·
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

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

Building a nation to belong to

Preparing for a new post-pandemic economy

Thursday 11 June 2020

Live interactive webinar to launch new book ‘The economics of belonging’ by Martin Sandbu. Register to receive access link. In just over a decade, the UK has been hit by two major global recessions with, for too many, little recovery in between. This has exposed long building political, economic and cultural divides – divides that … Continued

An economic battleplan

Assessing the design and delivery of Britain’s COVID-19 response

Thursday 30 April 2020

Faced with an unprecedented economic crisis, the Government and the Bank of England have announced an unprecedented package of support measures – from business loans and more generous benefits, to paying the wages of a huge proportion of the private sector workforce. This bold action is costly but necessary – and more will be required … Continued

The corona crisis

The economic impact of COVID-19

Thursday 16 April 2020

The coronavirus public health crisis has quickly turned into an economic crisis. The necessary social distancing measures have closed down huge swathes of the UK economy, while the Government has committed hundreds of billions of pounds to supporting firms and workers through the downturn. Amid huge uncertainty about the scale and duration of the crisis, it is crucial that … Continued

The Economic Outlook for 2020 and beyond

Speech by MPC member Jonathan Haskel

Friday 20 December 2019

Friday 20 December, 11am-12pm, Resolution Foundation offices, Westminster The UK is about enter a new year, and a new decade, amid widespread economic uncertainty at home and abroad. Understanding the unique pressures facing the UK, and how our economy is influenced by wider economic trends, will be cruciall for policy makers as we enter a … Continued

Loading
No more events found