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Showing 61 – 80 of 103 results

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The Customs Union, tariff reductions and consumer prices

Report

This briefing note provides estimates of the falls in consumer prices that could be expected if the UK leaves the EU's Customs Union and reduce its tariffs. It finds that even if all tariffs were abolished, any reduction in consumer prices would be more than offset by the 2% increase in prices that have resulted from the post-referendum depreciation of sterling.

20 March 2018

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Firms’ supply chains form an important part of UK-EU trade: what does this mean for future trade policy?

Comment

We often think of exports and imports as things made in one country and consumed in another – I export cars to you and import socks you’ve made. In fact the majority of UK exports and imports are now made up of goods or services which are themselves inputs into production. I export engines to your car factory and import cotton to make into socks. This sort of trade is particularly important for understanding the UK’s trade with the EU. In this observation we look at the implications this has for the UK’s future trade policies.

8 January 2018

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Beyond Business Rates?

Comment

With a national roll out of 100 per cent business rates retention unlikely in the next few years, David Phillips from the Institute for Fiscal Studies asks if it is worth looking to the longer term and more radical tax devolution.

11 December 2017

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A devolution revolution? Or problems delegated?

Presentation

David Phillips, associate director at IFS, gave this presentation to the LGiU's Network on the Future of Local Democracy on 28th March 2017. It touches upon some of the main changes to local government over the last few years and years ahead, and key issues that arise.

28 March 2017

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The Brexit vote, economics, and economic policy

Journal article

Economics was front and centre during the run-up to the June 2016 referendum on the UK’s membership of the EU. Paul Johnson and Ian Mitchell discuss the economics of Brexit and lessons for the economics profession.

10 March 2017

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Chancellor prioritises investment not public services

Report

The economy and post-Brexit uncertainties, rather than public services, was clearly uppermost in the Chancellor’s mind when he announced the Autumn Statement. The Statement, informed by the OBR’s first forecasts since the Referendum, contained mixed news for Wales. This blog post looks at some of the key takeaway messages for Wales.

24 November 2016

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The fall in sterling: who is hit by the rise in inflation?

Comment

This morning the Office for National Statistics announced that CPI inflation rose to 0.9% in the year to October, down from an inflation rate of 1.0% in the year to September but still substantially up from 0.6% in the year to August. The Bank of England expect inflation to rise further, to 2.4% in 2017 and 2.8% in 2018 – considerably higher than the 1.5% and 2.1% expected back in May. Most of this forecast increase is driven by the recent devaluation of the pound, which pushes up the price of imports. In this Observation we look at how the overall 2.5% increase in the price level which is likely to result from sterling’s decline since the June referendum will affect the prices of different goods. We then look at whether this is likely to have a bigger effect on poorer or richer households.

15 November 2016