Economist, Visiting Professor, Lecturer, Writer, Public Speaker.
The spending review is a forward-looking process by which the government sets departmental budgets for future years, including for key sectors such as the NHS, Education, Defence and Transport. It also determines the government’s day-to-day running administration costs and capital spending for investments in public services and military equipment. This process sets day-to-day expenditures for …
Continue reading “UK Spending Review 2025 – up against the limits”
Last year was turbulent for the world economy, and this one may be no different. The Russian invasion of Ukraine in 2022 had its full effect in 2023, reducing real incomes by pushing inflation up, particularly for food and energy. In addition, interest rate increases, put in place to fight the sharp rise in inflation, …
Continue reading “Another turbulent year looms – but so do opportunities”
It’s hard to find anything to like in the Autumn Statement delivered by Jeremy Hunt. While on the surface, the 2% cut in National Insurance contributions seems like a good idea, it looks worse the more you examine what it means and its implications. The Office for Budget Responsibility (OBR) references to the ‘headroom’ to …
Continue reading “An election Budget that does not address UK challenges”