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The Spring Statement: a brighter economic picture that should in future be more clearly presented
The Chancellor’s decision to move to a single fiscal event means in practice a full Autumn Budget Statement where all tax and spending measures are presented and the need for a Spring Statement so that the Chancellor can comply with legal obligation that the Treasury...
UK economy doing well – but there’s little spare capacity
The UK economy is in good shape – that was the message from a slew of data published last week, including progress on the elusive productivity challenge. This cheery message comes with a warning, however. The data indicate there is little spare capacity in the economy...
An outlook for the UK economy – brighter than some would think
The key challenge that economists have when describing an economy is distinguishing between where the economy lies in the current economic cycle from the structural or secular trends that shape its medium and long-term performance. Above-trend growth in the mature...
