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Submission: On June 03 via api from DE — Scanned from GB
Effective URL: https://www.economicsobservatory.com/
Submission Tags: tranco_l324
Submission: On June 03 via api from DE — Scanned from GB
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THIS SITE USES COOKIES TO STORE INFORMATION ON YOUR COMPUTER. Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used. I Accept CookiesI Do Not Accept Cookies -------------------------------------------------------------------------------- NECESSARY COOKIES Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences. -------------------------------------------------------------------------------- GOOGLE ANALYTICS Analytical cookies help us to improve our website by collecting and reporting information on its usage. Google AnalyticsOnOff -------------------------------------------------------------------------------- GOOGLE AD PLATFORMS We use marketing cookies to help us improve the relevancy of advertising campaigns you receive. Google Ad PlatformsOnOff -------------------------------------------------------------------------------- About this tool(Opens in a new window) Ask a question Find an Answer Ask Find Join QUESTIONS AND ANSWERS ABOUT THE ECONOMY. * Home * About * Topics * Data Hub * Courses * Publications * Events * Ask a question * Experts * Research Hub * Submit Evidence * Videos * Join Us Follow us Font Size Decrease / Increase Mode Light / Dark New Post • WHAT ARE THE FUTURE PROSPECTS FOR UK INFLATION? Measures of price inflation in the UK have fallen in recent months, but this comes in part because the high rates of early 2023 have dropped out of the calculation. Domestic and geopolitical risks will affect whether inflation continues to drop over the rest of this year and beyond. News IDEAS FOR THE UK: ELECTION ECONOMICS WEEK ONE Should the UK have compulsory national service? Do we need more police? How bad are NHS waiting lists? What about our failing water companies? Over the past week, the UK has seen a host of new policy proposals in these areas. Banks & financial markets WHY DID THE BANK OF ENGLAND NEED A REVIEW OF ITS FORECASTING RECORD? Ben Bernanke, economics Nobel laureate and former chair of America’s central bank, the Federal Reserve, was invited to evaluate the Bank of England’s forecasting for monetary policy-making and communication. While his review makes a number of recommendations, some important issues are missing. Save as SVGSave as PNGView SourceView Compiled VegaOpen in Vega Editor @Finn McEvoy DATA HUB VAT IN THE OECD All OECD members have a value-added tax, or equivalent, except for the US. The UK is close to the middle, with a higher VAT rate than 14 member states, and a lower rate than 18. Public spending, taxes & debt WHICH TAXES ARE BEST AND WORST FOR GROWTH? Tax affects economic growth by reducing consumer spending and lowering incentives to invest. But different fiscal policies have variable overall economic effects, with taxes on income better than those levied on corporate profits in terms of their wider impact on GDP. MAGAZINE READ THE LATEST EDITION OF OUR MAGAZINE HERE Over the current parliamentary term, Wales, Scotland and Northern Ireland have each faced unique challenges as well as common ones, such as rising economic inactivity. Measures of output, productivity and the labour market indicate where the devolved nations could improve their economic prospects. Public spending, taxes & debt WHAT ARE FISCAL RULES AND HOW HAVE THEY WORKED IN THE UK? Since the 1990s, UK governments have set constraints on how much they can borrow to fund public spending net of tax revenues, as well as total public debt relative to GDP. These targets are required by legislation but have been frequently adjusted in response to changing circumstances or priorities. News PAUSE FOR THOUGHT The UK faces crises – from housing and health to slow economic growth – at home, as well as those of a more global nature – stemming from climate change and geopolitical challenges. The country will soon vote for the party they believe best placed to rise to the occasion. Health, physical & mental WHY IS THE NHS STRUGGLING? NHS performance in many areas – including for ambulances, emergency care and pre-planned treatment – is worse than before the pandemic. There are many plausible explanations for this poor record, which makes it hard to identify short-term solutions. Productivity & growth COULD A NEW POLICY INSTITUTION HELP SOLVE THE UK’S PRODUCTIVITY PROBLEM? Comparatively sluggish productivity growth is one of the UK’s biggest policy challenges. Past strategies to solve the problem have lacked commitment and proper evaluation. One solution could be to establish a growth and productivity institution to coordinate policies over the long term. Productivity & growth HOW CAN THE UK REVIVE ITS AILING PRODUCTIVITY? The UK’s poor productivity limits wage growth and better living standards. But the problem has no quick fixes. To boost productivity, policy-makers must establish and stick to a long-term strategy that includes diverse sectors – from technology and innovation to education, housing and transport. Energy & climate change IS THE UK ON TRACK TO MEET ITS CLIMATE COMMITMENTS? The UK government has set ambitious emissions reduction targets to help tackle climate change. But it is currently falling short, and more funding and policy interventions will be needed to reach the ultimate objective of net zero. Schools, universities & training WHICH EDUCATIONAL POLICIES ARE MOST EFFECTIVE FOR EQUALISING OPPORTUNITIES? Against a backdrop of poor productivity growth, severe skill shortages and increasing educational inequalities in the UK since the pandemic, investment in education and skills is essential. It requires policies that span from the early years right through to adulthood. Families & households HOW CAN WE TACKLE THE UK’S HOUSING CRISIS? With high property prices, rising rents and sluggish rates of new-build, the UK is facing a crisis of housing affordability. A comprehensive strategy is urgently needed, one that’s joined up with other key areas of public policy, including taxation and investment in human capital. All Answers Funded By Contributing organisations This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Privacy Policy & Terms and Conditions Web Design Grizzly