Spending and stability: How much fiscal space does the UK have?

Article

After devastating turmoil in markets following the government’s mini budget, the key question for the government right now is what its fiscal policy stance should be.

This briefing outlines the current macroeconomic situation and disentangles the binding constraints on fiscal policy in the short term and the medium term.

We challenge the notion that spending cuts are somehow inevitable for restoring macroeconomic stability. We set out an approach that would both stabilise the economy and ensure that public services are on a secure footing.

Related items

  1. A house halfway through being built: half of it is complete and the other half reveals exposed timbers and scaffolding

    Simply about supply? How housing issues vary by region

    Why we need a place-informed approach to deliver new homes across the country.
  2. Train and cars on a motorway with London skyline in background

    Planes, trains and automobiles: How green transport can drive manufacturing growth in the UK

    Transport is essential to our lives. Unfortunately, it is currently also the largest source of UK domestic carbon emissions. 

  3. Regional economies: The role of industrial strategy as a pathway to greener growth

    Regions like the North should have a key role to play in the development of a green industrial strategy.