Publications Totally (net) worth it The next generation of UK fiscal rules 29 October 2019 by Richard Hughes and Jack Leslie and Cara Pacitti and James Smith The UK needs new fiscal rules which put improving net worth at the centre, enable the government to borrow to invest, are robust to a wide range of scenarios, and… Continue Reading
Publications Britannia waives the rules? Lessons from UK and international experience with fiscal rules 21 October 2019 by Richard Hughes and Cara Pacitti and Jack Leslie The UK’s current fiscal rules will expire in 2020-21 and all major political parties have committed to replacing them. This paper explores the lessons from UK and international experience that… Continue Reading
Events Rewriting the rule book A new fiscal framework for new economic times Tuesday 29 October 2019 We present our latest paper from our Macroeconomic Policy Unit on what the UK’s new fiscal rules should be, followed by a debate by an expert panel on the pros… Continue Reading
Comment The Treasury and Bank of England should prepare for a three-pronged economic shock from ‘no deal’ 1 October 2019 by Jack Leslie It’s a well-worn trope that no one knows what the economic impact of a no deal Brexit would be. And for good reason. The scale of disruption at the border,… Continue Reading
Publications Seeking public value The case for balance sheet targeting in fiscal policy 29 September 2019 by Richard Hughes With the government’s current fiscal rules set to expire next year, this paper makes the case for government’s next fiscal framework to move beyond the narrow focus on debt and… Continue Reading
Publications Dealing with ‘no deal’ The economic policy response to a ‘no deal’ Brexit 19 September 2019 by Richard Hughes and Jack Leslie and Cara Pacitti and James Smith This report provides a framework for understanding what role macroeconomic policy can play in alleviating the economic impact of a ‘no deal’ Brexit. Continue Reading
Comment Is the UK recession ready? 9 September 2019 by Torsten Bell The good news is we’ve now managed a recession free decade since the financial crisis. The bad news is that history teaches us this is quite unusual – booms and… Continue Reading
Publications Recession ready? Assessing the UK’s macroeconomic framework by James Smith and Jack Leslie and Cara Pacitti and Fahmida Rahman This report is the launch paper for the Resolution Foundation’s Macroeconomic Policy Unit. It provides the most comprehensive assessment of the UK’s macroeconomic policy framework since the financial crisis, focusing… Continue Reading
