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Fiscal Policy


The government’s tax and spending decisions affect the direction of our economy, in good times and bad, and have a huge impact on households. Our work focuses on the impact of fiscal policy on economic growth and debt, and on households across the income distribution.

Contacts

James Smith

James Smith

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

Simon Pittaway

Senior Economist
E: simon.pittaway@resolutionfoundation.org
Publications

Trend setters

What is the OBR’s forecast for trend productivity growth, and why it matters so much for the Budget

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The Budget in November is likely to reveal a significant deterioration in the outlook for the public finances, requiring the Government to raise taxes in response. A key reason for…
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Comment

Turbulent times

How should the Chancellor respond to recent movements in the gilt market?

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Turbulent gilt markets, a devaluing pound and speculation about the Office for Budget Responsibility (OBR) downgrading its economic forecasts is not the start to 2025 the Chancellor was hoping for.…
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Comment

They’ve only just begun…

Government fires the starting gun on a Spending Review that must plot a path to prosperity

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Rachel Reeves certainly isn’t the first Chancellor to turn to financiers for line-by-line scrutiny of public expenditure, as she is reported to be doing, as she fires the starting gun…
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Publications

Over-ruled?

Assessing the options for changing the fiscal rules

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Although the Chancellor said she would stick with the previous Government’s much-criticised rule of reducing public debt in the fifth year of the forecast, Rachel Reeves’s conference speech has sparked…
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Events

Policy making beyond Westminster

Economic lessons from 25 years of national devolution

1999 saw the Scottish Parliament, the Northern Ireland Assembly and the Senedd all meet in their full form for the first time. This marked the most significant act of devolution…
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Events

Riding the economic rollercoaster

Is Britain’s macroeconomic policy framework fit for purpose?

Britain’s macroeconomic policy that the Treasury and Bank of England have got used to is crisis management – from a financial crash to a global pandemic and a huge inflation…
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Events

Wealth booms and debt burdens

How Britain’s recent economic history and outlook affects different generations

Part of the ESRC funded Connecting Generations Thought Leader series. The financial crisis is largely considered to have increased inequalities between generations, with rising public debt leading to higher taxes…
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Events

What next?

The impact of Trussonomics, tax cuts and market turmoil

The last few days have seen a radical reshaping of the Government’s economic policy and a radical reaction from financial markets. Out have gone both Treasury orthodoxy and the legacy…
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