Safeguarding governments’ financial health during coronavirus

What can policymakers learn from past viral outbreaks?

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In the wake of the coronavirus outbreak, governments have taken unprecedented steps to protect the health of their citizens and support their economies. They now need to take extraordinary steps to safeguard their own financial health through what could be a protracted period of economic disruption necessary to contain and eradicate the virus. This paper … Continued

Playing by their own rules?

We analyse whether the policy platforms announced by the main parties are consistent with their own fiscal rules

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Fiscal rules are crucial for the government’s stewardship of the public finances and framing its economic priorities. So it is welcome that the main parties have prioritised setting out the rules they would follow, with their announcements following to different degrees the approach recommended by earlier Resolution Foundation work. But fiscal rules are only useful … Continued

Social care
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Universal Credit
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Fiscal policy
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Welfare
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Political parties and elections

The shifting shape of social security

Charting the changing size and shape of the British welfare system

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Voters face a stark choice in the 2019 election about the social security system they want. This report examines how the provision of social security in Britain has changed; the big trends that current social security policy needs to take account of; and the policy offer from our three main political parties.

Recession ready?

Assessing the UK’s macroeconomic framework

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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 on the ability of the framework to provide effective support to the economy in the face of the next recession. This work is important, given … Continued

A problem shared?

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

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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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