Publications Crunch time Bank of England raises rates again and signals cost of living crisis is set to deliver a £1,200 hit to incomes 5 May 2022 by Adam Corlett and Jonathan Marshall and James Smith Today the Bank of England’s Monetary Policy Committee raised rates at a fourth successive meeting – a first in the 25 years since it was granted independence – to 1… Continue Reading
Events Returning to centre stage Fiscal policy in the recovery Tuesday 1 June 2021 Fiscal policy has returned centre stage during the Covid-19 pandemic. But as countries begin to recovery from the crisis, they are taking different approaches to the scale of fiscal expansion… Continue Reading
Comment Fiscal multi-tasking 12 November 2020 by Torsten Bell Multi-tasking can be hard. Ask any parent that survived lockdown by combining work with something resembling home schooling. But it’s also a fact of life, so the trick is to… Continue Reading
Publications Unhealthy finances How to support the economy today and repair the public finances tomorrow 11 November 2020 by George Bangham and Adam Corlett and Jack Leslie and Cara Pacitti and James Smith This report provides analysis of the dual challenges faced by the government: ensuring that there is sufficient fiscal support through the crisis and recovery, and setting fiscal policy on a… Continue Reading
Events Paying for Covid Repairing the public finances without derailing the economy Thursday 12 November 2020 COVID-19 has already been extremely expensive, with borrowing forecast to exceed £400 billion this year and a substantial deficit set to continue well after the crisis has passed. But that… Continue Reading
Events Coronanomics: Challenges facing fiscal policy makers Monday 30 November 2020 With a decade of low interest rates, low growth and low inflation leaving central banks in advanced economies unable to perform their traditional role of supporting the economy during a… Continue Reading
Publications Act now, or pay later The OBR’s Fiscal Sustainability Report makes clear the implications of a crisis-driven rise in unemployment for the public finances 14 July 2020 by James Smith and Cara Pacitti and Jack Leslie The OBR’s latest Fiscal Sustainability Report confirms its view that the current crisis could lead to the largest economic contraction in 300 years precipitating a return of unemployment levels not… Continue Reading
Publications Summer Economic Update July 2020 Resolution Foundation overnight analysis 9 July 2020 by Resolution Foundation Analysis This was not a Budget, but was still a big deal with £30bn of measures to support the economy. This is particularly significant when seen in combination with £160bn of… Continue Reading
