The public health response to the COVID-19 pandemic is likely to reduce household incomes as workers lose their jobs, earnings fall, and plummeting share prices and interest rates lead to lower incomes from savings and investments. Newly released official statistics on incomes and poverty in the UK in 2018–19, published by the Department for Work and Pensions (DWP), show this downturn will come after a sustained period of income stagnation in the latter half of the last decade – which itself followed only a brief recovery from the late 2000s recession.
26 March 2020
Much has been made of the Government’s promise to ‘level up’ across the UK.
9 March 2020
5 March 2020
5 March 2020
29 February 2020
This presentation was given by David Phillips as part of the "A look ahead to the March 2020 Budget" preview briefing.
26 February 2020
This presentation was given by Peter Levell as part of the "A look ahead to the March 2020 Budget" preview briefing.
26 February 2020
This presentation was given by Stuart Adam as part of the "A look ahead to the March 2020 Budget" preview briefing.
26 February 2020
This presentation was given by Ben Zaranko as part of the "A look ahead to the March 2020 Budget" preview briefing.
26 February 2020
This presentation was given by Isabel Stockton as part of the "A look ahead to the March 2020 Budget" preview briefing.
26 February 2020
21 February 2020
If the pattern observed in the first ten months of the financial year continues for the next two, government borrowing will be £44 billion this year. This would be £3.5 billion lower than implied by the OBR’s restated March 2019 forecast. But it is worth recalling that just four years ago, in March 2016, a surplus of £10.4 billion was forecast for this financial year: i.e. we have seen a deterioration of around £55 billion in four years.
21 February 2020