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. The White House in Washington DC, cloudy skies and US flag

    Prophet, spoiler, or free rider?: The United States and climate change

    Global climate action sits firmly in the crosshairs of the Trump administration.
  2. Group of workers talking in a meeting at a solar panel factory

    Resilient by design: Building secure clean energy supply chains

    The UK must become more resilient to succeed in a more turbulent world.

  3. Policy credibility and the Scottish Budget