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28

Mar

The public sector deficit through the looking glass

Reducing the public sector deficit has been the Coalition's number one economic goal from the start. Inheriting a record deficit in 2009/10 – Labour’s last year –…

  • Author: Peter Kenway
  • Category: Economic Policy

20

Mar

Osborne's budget challenge and the spirit of 97

George Osborne’s problem is how to rid himself of the spirit of ’97. Seeing as this year ranks second only to 1945 in the roll-call of Labour triumphs and Tory disasters, this may …

  • Author: Peter Kenway
  • Category: Economic Policy

06

Feb

Troubled waters: Living standards and water bills

Ofwat announced yesterday that, from April, water and sewerage bills will be increasing by an average of 3.5%, or up by £13 to £388 annually (this of course masks significant varia…

  • Author: Adam Tinson
  • Category: Services

20

Dec

A decade undone in a year?

Last week DCLG released its figures for the Indices of Economic Deprivation for England from 1999 to 2009. The figures provide a limited time series counterpart to the Indices of M…

  • Author: Adam Tinson
  • Category: Income and Poverty

03

Dec

The implications of a freeze on benefits

It has been widely rumoured that the Chancellor will announce in the Autumn Statement on Wednesday that the value of some benefits will be frozen to reduce the public sector defici…

  • Author: Hannah Aldridge
  • Category: Social Security and Welfare Reform

28

Nov

70 years on, we've never been further away from Beveridge?

For those people celebrating the 70th anniversary of his report this week, the reality is that we have never been further away from Beveridge than we are now. Another graph from th…

  • Author: Peter Kenway
  • Category: Social Security and Welfare Reform

31

Oct

Pursuing, and gaining from, growth

Two major reports on the future of the UK economy came out today – one from a politician who was elected to parliament in 1966, one from a think tank set up in 2005. Lord Heseltine…

  • Author: Tom MacInnes
  • Category: Economic Policy

16

Oct

Forecasting failure

The Office for Budget Responsibility today published their “Forecast Evaluation Report” – an explanation of why their predictions for economic growth have been wrong. It’s fascinat…

  • Author: Tom MacInnes
  • Category: Economic Policy

03

Sep

A New Golden Rule

The proposal for a new ‘golden rule’ for the conduct of macroeconomic policy, published in a new report by the Fabian Society, takes our earlier arguments about the importance of c…

  • Author: Peter Kenway
  • Category: Economic Policy

02

Dec

Was Osborne right on public sector pay?

George Osborne's claims on public sector pay in the Autumn statement do not stand up to scrutiny. In his statement to parliament on 29 November, George Osborne said the follow…

  • Author: Peter Kenway
  • Category: Work and Pay

01

Dec

New national report on poverty

Our latest Monitoring Poverty and Social Exclusion Report shows that the Government’s anti poverty strategy cannot succeed without the creation of millions of jobs. Worryingly, the…

  • Authors: Hannah Aldridge, Tom MacInnes
  • Category: Income and Poverty

30

Nov

Bad news - households are paying off their credit card bills

Back in October, the text of the Prime Minister’s speech to the Conservative party conference called upon households to pay off their credit card debts . By the time he came to del…

  • Author: Peter Kenway
  • Category: Economic Policy

11

Oct

Duncan Smith loses war on poverty

Poverty forecasting is a dodgy business but if it must be done, it is best it is done by someone both reputable and competent.  None fits this bill better than the IFS.  …

  • Author: Peter Kenway
  • Category: Income and Poverty

29

Jul

United States sector balances over five decades

Analysing the US sector balances shows not only a huge budget deficit but unprecedented and equally problematic corporate and overseas surpluses. The surpluses or deficits of a na…

  • Authors: Anthony Lord, Peter Kenway
  • Category: Economic Policy

30

Jun

The ‘balance-sheet recession’ hypothesis and the UK

Does the balance sheet recession experienced by Japan after its property bubble account for the rising UK corporate savings since the tech bubble burst in 2001?  At least…

  • Author: Teodor Todorov
  • Category: Economic Policy

23

Jun

The relationship between the corporate surplus and NFC domestic investment and net FDI in the UK

Does the rise in corporate savings since 2001 reflect the fact that UK companies have been creating and acquiring assets abroad rather than creating them at home?  Whereas the latt…

  • Author: Teodor Todorov
  • Category: Economic Policy

19

Apr

How good is the OBR's forecast of the corporate surplus and what does it tell us?

If the public sector deficit is to come down, the other sectors’ surpluses must come down too, especially that of the corporate sector which is the biggest of them.  This is indeed…

  • Author: Peter Kenway
  • Category: Economic Policy

12

Apr

Some possible explanations for the corporate sector surplus

What explanations have been offered for the UK’s large and long-standing corporate sector surplus, which seems at odds with the conventional economic view of corporations as borrow…

  • Author: Dominic Muir
  • Category: Economic Policy

29

Mar

What accounts for the growth of the corporate sector surplus?

As with the savings of individuals or households, the UK corporate sector surplus can be higher either because income is higher or because spending and other outgoings are lower.  …

  • Author: Peter Kenway
  • Category: Economic Policy

04

Feb

A chronic corporate sector surplus

The corporate sector surplus did not just emerge on the back of the recession but has instead been ever present since 2002.  While a temporary surplus is quite normal, a persistent…

  • Author: Peter Kenway
  • Category: Economic Policy