Changes in society, the economy and the environment have consequences for the call on government spending, for tax revenues and for returns to investment.
With the latest IMF projections for global growth revised down to 3.6 percent this year and next, Senior Adviser Andrew Sentance considers the factors affecting this new forecast. Will the tensions between the West, Russia and China be a temporary phase, or continue to prevail?
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Senior Adviser Andrew Sentance comments on the latest UK inflation and labour market figures, arguing that the Monetary Policy Committee must step up to the challenge of preventing any damages of a possible inflationary surge.
The latest UK inflation and labour market figures …
Senior Adviser Andrew Sentance explores the drivers behind the projected long-term cost of the global pandemic. Andrew argues that countering the long-term impact of Covid-19 needs to be high up on the economic policy agenda both nationally and internationally.
The Covid pande…
Senior Adviser Andrew Sentance calls for a bold Budget that addresses long-term investment in the UK’s green recovery plan and tax reform, ahead of Rishi Sunak’s Budget statement on Wednesday 3 March.
On Wednesday 3 March, the Chancellor of the Exchequer Rishi Sunak will deliv…
Napoleon Bonaparte is widely quoted as saying he would rather have lucky generals who win battles than good generals.
The “general” in charge of the British economy – Chancellor of the Exchequer Rishi Sunak – has had a fair degree of luck in his political career so far…
The excitement of the general election is now well and truly behind us. The government is apparently striving to re-energise the domestic policy agenda now that ‘Brexit is done’…. Anthony Barker, Director, takes a look at how plans for public spending sit alongside the ‘b…
Andrew Sentance, Senior Adviser, Cambridge Econometrics considers what challenges lie ahead for the new Conservative administration.So it is over. The General Election results are in and we know we will have a Conservative government led by Boris Johnson.
But what will he do? …
Carbon taxes have largely failed to gain traction in the United States, despite being a key requirement for rapid decarbonisation at a local, state or national level. Policymakers and voters have declined to endorse them, concerned about costs to consumers and negative impacts on…
The European Association of Environmental and Resource Economists (EAERE) is the largest group of environment-minded economists in Europe. It has recently put out a statement on carbon pricing.
Although many people who I respect have given their support to the statement, it is…
The concept of environmental tax reform is not new and is core to environmental economics, but is it compatible with Modern Monetary Theory?
Environmental taxes aim to raise revenues for government, while at the same time discouraging behaviour that damages the environment. Ex…
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