As was widely expected, the new Prime Minister, Liz Truss, has opted for an energy price freeze. It caps the price for the typical energy consumer at £2500 for a unit of energy for two years. But this still represents a sharp increase compared to the previous price cap and the year before. Roughly speaking, …
Budgeting an end to austerity
This year’s Budget will go down as the one that brought an official end to austerity. Although some tax increases from earlier periods have still to work their way through the system, spending increases will mean a return to pre-austerity levels in the next couple of years. Indeed, Robert Chote, the outgoing head of the …
What trends will dominate the next decade?
As a wise sage once said: forecasting is very difficult, especially about the future. But maybe we can discern some trends that will at least help to determine the direction of the decade ahead, whilst acknowledging how little we can ever truly predict. Few people back in 2010, for instance, would have thought that in …
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