John Van Reenen, Director of the Centre for Economic Performance, gives his reaction to the 2016 Budget. The austerity approach continues, despite it having little economic sense. Fuel duty is frozen as a sweetener to his backbenchers. And in terms of the future, Osborne may have spent time outlining the global uncertainties on the long-term economic horizon, but it’s the closer possibility of Brexit which has the potential to be the […]
Reduced growth forecasts are predicted in the run up to the 2016 Budget, as well as the potential of the Chancellor George Osborne having to adjust his borrowing forecasts. Osborne has already laid the groundwork for further spending cuts with his warning that he would use the annual financial set piece to “look at public expenditure again”. The Dods Political Monitoring Team speculate […]
Should Labour oppose George Osborne’s surplus rule? On the one hand are those within the Party who see the rule as bad economics; on the other are those who point out Labour was defeated on the economy in May 2015, and so are ready to sign up to a fiscal rule they don’t believe in. Gavin Kelly assesses the […]
On the face of it, the news that the government’s welfare spending cap will be breached for the first three years of this Parliament is a major embarrassment for George Osborne’s Treasury. But Kate Alexander Shaw explains that despite being a failed policy in the short-term, the welfare cap still shapes the debate in support of lower welfare spending.
Announced in […]
This week George Osborne proposed building high speed rail links between northern cities, dubbed HS3, in order to establish a ‘Northern Powerhouse’ to rival London. Henry Overman chews over the Chancellor’s speech and finds that HS3 would help, but it would be expensive and it’s unlikely that it would be enough to provide an effective counterbalance to London.
I have finally had a chance […]
While deep cuts to public services have already been made by the coalition government, there are even deeper cuts on the way. But an ultra slim state will fail, argues Gerry Stoker. We need politicians brave enough to make the case for the state. Will we notice when the state is gone? The plans of the current UK coalition government revealed in […]
Looking ahead to what 2014 holds in store for Britain’s main political parties, Eunice Goes writes that this year will test David Cameron’s leadership skills to the limit with the European parliament elections, the Scottish referendum, and potential interest rate hikes by the Bank of England looming. On the other hand, she predicts life will not be much easier for the leader […]
Ellie Brawn argues that by including disability benefits in an arbitrary, short-termist cap on welfare spending, the economic recovery trumpeted by Georges Osborne is one that excludes disabled people. Last week’s Autumn Statement signalled a further squeeze on disabled people’s living standards. On top of the £28 billion worth of support that will be taken way from disabled people by 2017, […]