I would hope it has researched which areas of expenditure have the largest spending multiplier effects.
This is “the highest recorded level of borrowing in our peacetime history”, says Sunak, as he outlines new steps for the economy.
A dedicated body could focus on scrutinising the economy and effectiveness of future plans. Australia and New Zealand already have similar models.
The fourth piece in a ConHome series this week on the Prime Minister’s Reset Moment – and what should follow from it.
Reports suggest the Government is planning to reduce spending from 0.7 per cent of gross national income to 0.5 per cent.
Even if the Government ends lockdown on December 2, it will be under pressure to prove why some areas should be under a tiered system.
The policy will make the country less competitive on the world stage. Indeed, it’ll be the only one in Europe not offering VAT-free shopping.
Besides, the cash-strapped Chancellor will need to raise revenue from somewhere. Here are some points to consider before going ahead.
Gay and bisexual men arguably have most to gain but so do Black Africans, women and trans people.
My objective would be policies to help achieve growth in real Government revenue, and growth in labour productivity.
He must ensure that taxation supports viability before he can start to focus on balancing the books.
On the 60th anniversary of its independence from British rule, the Government must do more to stop militia groups threatening the peace of the nation.
Number 10 should spot the political problem on the horizon and avoid it by having a clear plan.
It’s speeches for Sunak, Patel and Raab; interviews in different formats for Gove, Hancock and others; while others still are relegated to panels…
The approach towards a functional open finance ecosystem can be quicker, leaner and more agile than the EU’s.