Thursday 29 September 2022

What next?

The impact of Trussonomics, tax cuts and market turmoil

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 growth in the short- and medium-term? What does market turmoil mean for the Bank of England and Treasury – which has a deadline of 23rd November to explain how the public finances will be set on an sustainable footing? Are more tax cuts to come, or are spending cuts more likely?

The Resolution Foundation is hosting an event to debate and discuss these questions. Following a presentation of the Foundation’s analysis, we will hear from leading experts on what might happen next amid a new era for economic policy making.

The event will be open for people to physically attend, alongside being broadcast via YouTube and the Resolution Foundation website. Viewers will be able to submit questions to the panel before and during the event via Slido.