Publications The trillion-pound question Spring Budget 2020 and the tension between higher spending, low taxes and fiscal credibility 24 February 2020 by Adam Corlett and Jack Leslie and Daniel Tomlinson This report focuses on the big choice that the Chancellor will have to make this year, across two Budgets and the Spending Review, over the balance between day-to-day (current) spending,… Continue Reading
Events The Economic Outlook for 2020 and beyond Speech by MPC member Jonathan Haskel Friday 20 December 2019 Friday 20 December, 11am-12pm, Resolution Foundation offices, Westminster The UK is about enter a new year, and a new decade, amid widespread economic uncertainty at home and abroad. Understanding the… Continue Reading
Publications Playing by their own rules? We analyse whether the policy platforms announced by the main parties are consistent with their own fiscal rules 28 November 2019 by Richard Hughes and Jack Leslie and Cara Pacitti and James Smith Fiscal rules are crucial for the government’s stewardship of the public finances and framing its economic priorities. So it is welcome that the main parties have prioritised setting out the… Continue Reading
Publications The shifting shape of UK tax Charting the changing size and shape of the UK tax system 13 November 2019 by Adam Corlett Ahead of the general election, this report looks at how and why levels of UK taxation have changed over time; how its make-up has shifted; the challenges facing the tax… Continue Reading
Publications Rewriting the rules Assessing Conservative and Labour’s new fiscal frameworks 7 November 2019 by Torsten Bell and Matthew Whittaker and Cara Pacitti and Jack Leslie Fiscal rules are technical frameworks only ever focused on by a tiny fraction of the population. But they are important for government’s running of our public finances, and for having… Continue Reading
Publications Rounding up Putting the 2019 Spending Round into context 4 September 2019 by Daniel Tomlinson and Torsten Bell and Matthew Whittaker and Adam Corlett 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… Continue Reading
Publications Breaking the rules Analysing the credibility of the Chancellor’s commitment to keep to his fiscal rules 31 August 2019 by Daniel Tomlinson and Torsten Bell 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… Continue Reading
Comment Another summer blockbuster (on fiscal risks) from the OBR 18 July 2019 by Richard Hughes 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.… Continue Reading
