Now’s not the time for auto-pilot

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Intergenerational Commission, Tax and Welfare

Straightforward policy successes are a rare achievement in government and need celebrating when they arrive, lest we forget that policy matters. The recent sizeable gains the UK has made on private pension saving as a result of the introduction of auto-enrolment are therefore a clear cause for cheer. But challenges remain, starting with the increase … Continued

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Time for some housing honesty

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Housing, Wealth and Debt

The return to work after Christmas is never easy. Unless you’re an estate agent: they love January. Following the pre-Christmas lull, families rush back into wanting to buy and sell their houses (helped in part by the traditional post-festivity spike in family breakdown). But for an increasing number of us, house hunting is becoming little … Continued

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Crunching the numbers on today’s rate rise

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Public Finances and the Economy

Interest rates are up. It may be a very modest increase but, for any number of reasons, the news is big. Ten years on from the last rise, today’s 0.25 percentage point increase in the Bank’s base rate (taking it back to the 0.5 per cent it sat at between March 2009 and August 2016) … Continued

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The living standards cost of the OBR’s newfound productivity pessimism

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Public Finances and the Economy

Rumours of attempts within the Cabinet to remove Philip Hammond may or may not be wide of the mark. But given the recent steady flow of disappointing economic data, the Chancellor could be forgiven for wanting to walk before he’s pushed. Last week’s PMI data and today’s short-term indicators from the ONS both suggested that … Continued

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