Top of the Charts: Heatwaves, grannies and capitalism

Published on by

Public Finances and the Economy

Sign up for our weekly Top of the Charts emails here   Afternoon all, I don’t want to worry you – but I’m pretty sure this is what the end of days would look like. Tonight the moon is going to turn the colour of blood – which apparently we’re all meant to think is fun, … Continued

READ MORE

Time to concentrate on our capitalism

Published on by

Public Finances and the Economy

Our politicians are anxious. And not just because no-one has a decent poll lead or idea where Brexit will end up. No, some are finding the time to get anxious about other things too, including the state of capitalism in the UK. The angst isn’t limited to the left either, with Michael Gove becoming a … Continued

READ MORE

We’re all social democrats now

Published on by

Public Finances and the Economy

It’s Super Tuesday on the fiscal policy front. Try not to get too excited. Today a lucky world gains not only the Office for Budget Responsibility’s Fiscal Sustainability Report (the ‘FSR’ looks ages over the next 50 years to ask: ‘how bust are we if we carry on as we are’) but also the Treasury’s … Continued

READ MORE

What Philip Hammond will say today: the deficit is dead, long live the debt

Published on by

Public Finances and the Economy

Philip Hammond is going to give a very short speech at the Spring Statement today. There will be none of the tax and spending announcements we are used to when Chancellors rise to the Despatch Box. But short and largely announcement free as it will be, tomorrow’s speech will nonetheless represent something very significant for … Continued

READ MORE

‘The rise of the robots’ and ‘productivity pessimism’ can’t both be right

Published on by

Public Finances and the Economy

Talk of looming automation, AI and robots is pervasive in public policy chat – including in the government’s new industrial strategy. Almost as common are projections that the weak growth of the past decade is here to stay – including in the latest official economic outlook. Sometimes these assumptions are even mentioned in the same … Continued

READ MORE

The Chancellor has coped with a huge economic downgrade, but the outlook is grim for families across Britain

Published on by

Public Finances and the Economy

For his first Autumn Budget, the Office for Budget Responsibility has given Philip Hammond a truly catastrophic set of economic forecasts. After a decade of unrealised productivity forecasts, the OBR has now delivered the mother of all downgrades; all but halving its view of the UK’s capacity to grow. As a result it now expects … Continued

READ MORE