Hitting the buffers

Previewing the key decisions for Autumn Budget 2026 in the context of another rise in the cost of living

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Conflict in the Middle East has pushed up energy bills and borrowing costs, halving the Chancellor’s headroom. This briefing note sets out how Autumn Budget 2026 can target help at struggling families while rebuilding the buffer to at least £20 billion. 

The great escape

Why Britain is stuck in a fiscal funk and how we can break free

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This report is the first in a series on the size and shape of the state, and how the public finances can be better managed in an era of low growth and high uncertainty. It diagnoses how Britain fell into its seemingly endless fiscal funk and sets out a playbook for escaping it. With a … Continued

Understatement of the year

Putting the 2026 Spring Forecast in context

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The Spring Forecast was billed as a non‑event, but the underlying story is stark: weak growth, rising risks, and only a fleeting improvement in living standards. Our analysis shows why makerspolicy makers can’t rely on good fiscal luck lasting.

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