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.
Ratings agency Fitch has raised its outlook on the UK after its better-than-anticipated response to the ongoing challenge of Covid-19 since the start of the year.
CIPFA chief executive Rob Whiteman introduces a new collection of essays by leading sector figures on the government’s flagship economic policy, published by PF and CIPFA.
Productivity gaps between different regions of the UK are deep-rooted but reversible – with a significant amount of investment from central government.
Education and skills can play a fundamental role in reducing inequality – but the benefits of investing in schools and training go far beyond job creation.
Reduced net migration to the UK due to Covid-19 and Brexit could create further pressure on local government finances, according to ratings agency Moody’s.
The UK economy shrank by 1.5% in the first three months of this year, although GDP started to recover as Covid-19 restrictions were eased, according to the Office for National Statistics.
UK GDP is forecast to grow by 7.25% this year, as Covid-19 restrictions are lifted – the fastest growth since the Second World War, according to the Bank of England.
The government’s “arbitrary” fiscal rules are not fit for purpose and should be replaced by a more flexible framework, according to a leading research institute.
Demands to increase spending after a decade of austerity could limit the UK government’s ability to improve public finances, ratings agency Moody’s has warned.
The UK’s GDP shrank by 2.9% in January, as Covid-19 restrictions and European Union import disruptions reduced economic activity, according to the Office for National Statistics.
