Tag Archives: budget

Most discussion on what’s happening to the housing market focuses on whether it is overheating again, as the government’s Help to Buy scheme helps to inflate another housing bubble. A less-noticed problem, however, is what the housing market does to … Continue reading

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In 2015, the general election will be fought without clear spending plans set beyond the first fiscal year, as it was in 2010. There will be one key difference, however: the Office of Budget Responsibility will set out five-year fiscal … Continue reading

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With the economic recovery continuing to stall, there was a broad consensus ahead of today’s budget that the chancellor should provide a boost for housing and the construction sector, to help get jobs and growth going. George Osborne responded with … Continue reading

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We now know quite a lot of what will be in the chancellor’s autumn statement tomorrow. There will be reductions in higher-rate tax relief for pension contributions, a relative cut in working-age benefits (which will rise by 1 per cent … Continue reading

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In the run up to a budget or autumn statement, one piece of paper becomes the most important in Whitehall: the scorecard. This is the table which sets out the net effect of the government’s planned decisions: how much is … Continue reading

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In his speech to the Conservative party conference, chancellor George Osborne has said that it is fanciful to believe that the ‘wallets of the rich’ can bear the burden of fiscal consolidation alone. But he has also said that the … Continue reading

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Izabella Kaminska has posted this very interesting FT Alphaville blog on a recent Capital Economics report on the output gap (h/t Duncan Weldon). If – and it’s a very, very big if – the output gap is still about 6 … Continue reading

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The deterioration of the public finances will guarantee George Osborne tough headlines for his mini-Budget Autumn Statement. Labour argues that it stands vindicated: the government’s strategy has failed. But is anyone listening to the Labour case — and even if … Continue reading

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It’s now a year since the government’s 2010 spending review. How has the economy performed compared to the plans and projections made then? Tony Dolphin, IPPR’s senior economist, has compiled a table of headline indicators.

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As the Observer reported last weekend, the Office for Budget Responsibility (OBR) has revised its household debt assumptions upwards. Last June, the OBR forecast that household debt would increase from an average of £58,000 for every household in the UK in 2010 … Continue reading

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