👇This in the @guardian is important👇 with the Autumn #Budget2024 fast approaching 💼

The debate on tax & spend is much more than just talking about a specific measure

A 🧵on the main points our Director @jagjit_chadha raises in this paper⬇️

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niesr.ac.uk/publications/c… x.com/jagjit_chadha/… The starting point is clear - and more and more accepted by the economic policymaking community en large:

The UK’s current set of #FiscalRules are not fit for purpose.

They are more “honor'd in the breach than the observance”.

They have also clearly introduced an

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The requirement for #fiscalpolicy is to find the right balance between flexibility to respond to changing socioeconomic circumstances and the credibility to maintain control of #debt.

A THREAD 🧵⬇️

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#AutumnStatement
#UKeconomy
#EconTwitter

niesr.ac.uk/publications/d… Rules-based policies matter for credibility as they impose both external and internal discipline, help ensure economic agents condition on the govt’s plans and allow us to understand progress relative to the plan, as we outlined in our research back in the spring of 2021 👆

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🚨*𝐍𝐈𝐄𝐒𝐑 𝐁𝐮𝐝𝐠𝐞𝐭 𝟐𝟎𝟐𝟏 𝐂𝐡𝐚𝐫𝐭𝐩𝐚𝐜𝐤* 🚨

All you need to know ahead of next week's #Budget in one... THREAD 👇

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#CovidEconomics
#BudgetSpeech2021
#EconTwitter The #Budget2021 comes at a critical time when the UK is in the middle of battling the #pandemic and the economy is substantially weakened with uneven effects at industry, household & region level.

Read the economic context to #Budget2021 here 👇

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niesr.ac.uk/publications/u…