A problem shared? What can we learn from past recessions about the impact of the next across the income distribution?

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Public Finances and the Economy

While the received wisdom from the 1980s and 1990s recessions was that those at the bottom of the income distribution suffer most during severe downturns. But this was less obvious in the aftermath of the financial crisis. So this briefing note looks at what lessons we can learn from that episode about the distributional impact … Continued

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Failing to plan = planning to fail: The risk of recessions and the importance of macroeconomic policy in limiting the damage they cause

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Public Finances and the Economy

There is a relatively high risk that the UK will experience a recession in the next few years. An important question, then, is how much of a priority we should make preparing for it? That depends on the impact recessions have. This briefing note argues that recessions lead to significant and lasting damage, with mass … Continued

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Counting the cost: UK living standards since the 2016 referendum

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Public Finances and the Economy

Household incomes are around £1,500 year lower today than they were expected to be before the Brexit referendum – with the UK having experienced the sharpest income growth slowdown of any economy for which the OECD publish data. This publication focuses on the UK’s economic performance since the EU referendum, but also goes beyond the … Continued

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