Budgeting better: How the UK could start to improve its fiscal framework and boost growth

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.