Extra cash will help councils revive their town centres, but targeting it effectively – not least on improving the built environment – is crucial for sustained success, says Nigel Wilcock.
The Bank of England has raised the cost of borrowing for the first time since the onset of Covid-19 despite fears of the Omicron variant slowing the economy, citing worries about inflation.
The Bank of England must not delay raising interest rates despite the economic risks around the Omicron variant of Covid-19, the International Monetary Fund has said.
The UK’s “rapid” economic recovery after lockdowns and the government’s efforts to cut the deficit following the large Covid-19 support schemes have led to rating agency Fitch affirming its judgement...
The Office for National Statistics is helping drive forward international efforts to help governments go ‘beyond GDP’ in measuring human progress, says Richard Heys.
The Bank of England’s base rate will remain at its all-time low of 0.1% after the Monetary Policy Committee voted to hold fire on an increase – despite predicting inflation will reach 5% next Spring.
Chancellor Rishi Sunak unveiled a new set of fiscal rules in his second Budget, in a bid to reduce the public debt after the huge level of borrowing undertaken in response to Covid-19.
Fiscal policy has already helped mitigate the impact of two economic calamities this century – but it shares responsibility for economies’ growing exposure to risk, says OBR head Richard Hughes.
Some central banks, including the Bank of England, may need to take additional actions if inflationary pressures persist past the middle of next year, according to the IMF.
Heightened inflation caused by global supply chain issues and labour shortages could continue into the middle of next year, according to the Bank of England’s new chief economist.
A new economic standard being introduced into the UK National Accounts radically changes what we thought we knew about the productivity puzzle, explains Richard Heys from the Office for National...
Inflation could run above the Bank of England 2% target going into 2023, as supply shortages led to CPI spiking this year, according to ratings agency Standard and Poor’s.
Government borrowing in the financial year to date is around 25% lower than previously forecast, as the Covid-19 recovery continues, according to the Office for National Statistics.
The Bank of England has signalled it could tighten its monetary policy slightly faster than had been expected as the recovery from Covid-19 gets underway and inflation continues to run above its 2%...
After prime minister Boris Johnson spoke of ‘catch up ketchup’ in his detail-light ‘levelling up’ speech in Coventry, Localis head of research Joe Fyans asks if devolution and local leadership can...
The government has failed to budget for £30bn of additional costs resulting from Covid-19 over the next three years, according to the Office for Budget Responsibility.
David Good and Patricia Andrews Fearon from the University of Cambridge explain how a ‘zero-sum’ approach can hamper an organisation’s ability to flourish.
