Budgets & fiscal events· Living standards· Fiscal policy· Economy and public finances· Economic growth 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 READ MORE
Coronavirus· Fiscal policy· Macroeconomic policy Returning to centre stage Fiscal policy in the recovery Tuesday 1 June 2021 Fiscal policy has returned centre stage during the Covid-19 pandemic. But as countries begin to recovery from the crisis, they are taking different approaches to the scale of fiscal expansion and the timing of fiscal retrenchment. What is the right approach to fiscal policy in the recovery, and what are the challenges in terms of … Continued READ MORE
Coronavirus· Fiscal policy· Macroeconomic policy Coronanomics: Challenges facing fiscal policy makers Monday 30 November 2020 With a decade of low interest rates, low growth and low inflation leaving central banks in advanced economies unable to perform their traditional role of supporting the economy during a downturn, fiscal policy must step up and play the leading role this time around. This changes radically how we should think about the role of … Continued READ MORE
Fiscal policy· Economic growth 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 READ MORE
Coronavirus· Public spending· Fiscal policy· Economy and public finances 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 READ MORE
Fiscal policy· Macroeconomic policy Rewriting the rule book A new fiscal framework for new economic times Tuesday 29 October 2019 We present our latest paper from our Macroeconomic Policy Unit on what the UK’s new fiscal rules should be, followed by a debate by an expert panel on the pros and cons of new fiscal rules. READ MORE
