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Economy and public finances


Our work explores the choices being taken by the government with regard to public finances and how these choices may affect different parts of the population, particularly those on low incomes.


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Rounding up

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Putting the 2019 Spending Round into context

In his September 2019 Spending Round the Chancellor rightly declared he was “turning the page” on austerity and “writing a new chapter in our public services”. But he has also ripped up his own fiscal rulebook, almost certainly breaking the fiscal ‘mandate’ in the near-term and casting significant doubt over his ability to keep debt falling as a share of GDP over the coming years.

Contacts

James Smith

James Smith

Research Director
T: 0203 372 2956
E: james.smith@resolutionfoundation.org
Publications

Seeking public value

The case for balance sheet targeting in fiscal policy

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The traditional measures of government financial performance in the UK, public sector net borrowing and debt, do not fully capture the way in which people think about, talk about, and…
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Publications

Dealing with ‘no deal’

The economic policy response to a ‘no deal’ Brexit

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This report provides a framework for understanding what role macroeconomic policy can play in alleviating the economic impact of a ‘no deal’ Brexit. It provides an estimate of the impact…
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Publications

Breaking the rules

Analysing the credibility of the Chancellor’s commitment to keep to his fiscal rules

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The Chancellor is shortly to deliver the first spending round (SR) of the post-austerity era. Although he is only setting departmental budgets for 2020-21, this event will mark a turning…
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Comment

Another summer blockbuster (on fiscal risks) from the OBR

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Today the OBR published its second Fiscal Risks Report, a comprehensive assessment of all the things that could go wrong with the UK’s public finances over the next 50 years.…
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Comment

Phil ‘Bullseye’ Hammond told MPs what they ‘could’ve won’ – if only they didn’t stuff up Brexit

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Last night Parliamentarians went all Noel Edmonds as they debated deal or no deal. But earlier in the day it was the late, great Jim Bowen of Bullseye fame that…
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Publications

Super, smashing, great: Spring Statement 2019 response

This paper sets out RF's overnight response to the 2019 Spring Statement, using HMT and OBR data and projections to consider what is going on in the public finances and…
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Comment

Is rising inequality helping to swell the coffers for Fortunate Phil?

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Fortunate Phil is not what the Chancellor generally gets called. But as he prepares for tomorrow’s Spring Statement, Philip Hammond – despite facing what looks like headline bad news –…
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