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Download Now.pdf

FABP10475-Tract-Special-231107-WEB-w-links.pdf
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🔗 Source: fabians.org.uk
📊 Size: 385 KB
📄 Pages: 47 pages
⬇️ Downloads: 118

Summary

The UK faces economic problems, including low growth, stagnant productivity, and geographical inequality, while also needing to decarbonise. However, economic policymaking is uncoordinated, with the Treasury and Bank of England operating separately and often in opposite directions. The authors propose new arrangements to better coordinate macroeconomic policymaking, including a new requirement for the Bank of England to inform the Chancellor when monetary policy is ineffective and a new fiscal rule for the Treasury to allow borrowing for current expenditure. They also suggest creating an Economic Policy Coordination Committee (EPCC) comprising key economic policy institutions to coordinate policies and actions, which would meet twice a year and publish minutes to improve understanding among the public, markets, and media.

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Description

The UK faces economic problems, including low growth, stagnant productivity, and geographical inequality, while also needing to decarbonise.

Technical Information

  • File Format: PDF
  • File Size: 385 KB
  • Pages: 47
  • Language: EN
  • Total Downloads: 118
  • Last Updated: 3 weeks ago

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