Budgeting better: How the UK could start to improve its fiscal framework and boost growth
Article
The new Labour government’s growth mission is to make the UK the fastest growing economy in the G7,
But growth is low, and UK is at the bottom of the G7 for investment, and the plans inherited from the previous government have public investment on a sharp downward path.
The framework inherited does not even work on its own terms of promoting fiscal sustainability, in part because it does not account for the fact that public investment can have significant future returns.
In this report, we consider how to start the journey towards a better and more comprehensive fiscal framework.
You might also like ...
Stronger rights, better results: Managers’ attitudes to workers’ rights
Labour’s manifesto pledged to strengthen employees’ protections at work.Business rates are stuck in the past: The enduring case for an online sales tax
Supporting the status quo: How the taxation of wealth in the UK grows regional divides
The new government’s primary mission is to deliver economic growth, rooted in an ambition for prosperity and opportunity to be accessible across the UK.