Publications Unsung Britain bears the brunt Putting the 2025 Spring Statement in context 27 March 2025 by Camron Aref-Adib and Mike Brewer and Molly Broome and Alex Clegg and Nye Cominetti and Adam Corlett and Ruth Curtice and Emily Fry and Zachary Leather and Jonathan Marshall and Cara Pacitti and Simon Pittaway and Hannah Slaughter and James Smith and Imogen Stone and Greg Thwaites and Lalitha Try This briefing note analyses the choices the Government has made in the context of an awkward backdrop to the 2025 Spring Statement. Continue Reading
Publications The headroom bind Spring Statement 2025 preview 17 March 2025 by James Smith and Adam Corlett and Emily Fry and Louise Murphy and Cara Pacitti and Simon Pittaway and Greg Thwaites and Lalitha Try In this slide pack we preview the upcoming Spring Statement, assessing the economic and fiscal outlook ahead of this key economic-policy event. We focus on the news since the Autumn… Continue Reading
Comment How should the Chancellor escape her headroom bind? 14 March 2025 by Ruth Curtice and Imogen Stone and Tom Clark It is only four months since Rachel Reeves ‘shocked’ Britain by doing what every Chancellor does after an election – jacking up taxes. We have now been told the Government… Continue Reading
Events Spring cleaning the public finances Assessing the Chancellor’s Spring Statement and the UK economic outlook Thursday 27 March 2025 The Chancellor set out her first ever Budget less than five months ago, but the UK’s economic outlook has changed considerably since then. Bad news on growth, inflation and borrowing… Continue Reading
Events The headroom bind What does the Chancellor need to do to hit her fiscal rules? Monday 17 March 2025 In her Budget last Autumn, the Chancellor announced the biggest tax rises on record to boost public spending and investment by over £300 billion across the Parliament. She also announced… Continue Reading
Comment Turbulent times How should the Chancellor respond to recent movements in the gilt market? 10 January 2025 by Emily Fry and Cara Pacitti Turbulent gilt markets, a devaluing pound and speculation about the Office for Budget Responsibility (OBR) downgrading its economic forecasts is not the start to 2025 the Chancellor was hoping for.… Continue Reading
Publications More, more, more Putting the Autumn Budget 2024 decisions on tax, spending and borrowing into context 31 October 2024 by Camron Aref-Adib and Mike Brewer and Molly Broome and Tom Clark and Alex Clegg and Nye Cominetti and Adam Corlett and Emily Fry and Sophie Hale and Lindsay Judge and Zachary Leather and Jonathan Marshall and Charlie McCurdy and Louise Murphy and Felicia Odamtten and Cara Pacitti and Simon Pittaway and Hannah Slaughter and James Smith and Greg Thwaites and Lalitha Try This has been the most anticipated Budget of modern times. It had to wrestle with profound – and sometimes conflicting – challenges: fixing the strained public services; repairing failing public… Continue Reading
Publications Great expectations in hard times? Previewing the big decisions for the Chancellor in the new Government’s first Budget 14 October 2024 by Emily Fry and Cara Pacitti and James Smith In this briefing note, we put the big decisions faced by Chancellor in the new Government’s pivotal first Budget into context, discussing the new – and old – spending pressures… Continue Reading
