Chancellor Jeremy Hunt will announce his second Budget, and fourth fiscal event, on Wednesday 6 March. This will possibly be the final fiscal event of the current parliament. With the big rise in tax revenues as a share of national income since 2019 only being partially offset by the cuts to...

The UK finds itself in an unfortunate economic and fiscal bind. Living standards have endured an unprecedentedly long stagnation. Taxes are at record levels for the UK (though remain lowto-middling by European standards). Public services are showing visible signs of strain and are, in many...

In the current environment of high inflation and rising interest rates, tax cuts at the upcoming Budget would be extremely difficult to justify.

This report makes the case for a new review of the pension system in the UK. There are a number of key challenges facing future generations of pensioners that threaten their living standards in retirement and which, without policy action, mean many are likely to face substantial financial...

Pressures on both revenue and spending are skewed to add to borrowing over the next few years, and threaten the "centrality" of official forecasts.

The Chancellor is in a fiscal bind as low growth and high debt interest payments limit any room for manoeuvre in the forthcoming Autumn Statement.

The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place since 2011 (except for a one-year temporary suspension in 2022), under the triple lock the state pension rises in line with the highest of CPI inflation, average earnings growth...