Rachel Reeves needs to cut public spending, reverse the revenue-losing tax rises she instituted last year and pursue significant supply side reforms if she is to reduce borrowing and deliver meaningful economic growth. That is the message contained in The Growth Commission’s Growth Budget 2025, published today ahead of next week’s Budget. With the Prime […]
Growth Commission member Douglas McWilliams has issued the following response to the GDP figures for the third quarter of 2025 that have been issued this morning: “Quarterly GDP growth in Q3 is officially estimated to have fallen to 0.1% from 0.3% in Q2, while GDP per capita growth for the quarter – the best measure […]
Government ministers and other politicians blaming the UK’s economic stagnation on the UK’s departure from the European Union are using Brexit as a scapegoat for decades of failure, says Shanker Singham, Chairman of the Growth Commission and one of the world’s leading experts on trade. The message from Singham – who has previously advised the UK […]
The Growth Commission today announces six former national leaders as members of its newly-established International Advisory Board. The former heads of government comprising the IAB have huge experience on which our Commissioners will be privileged to draw as they continue to focus on economic analysis of the policies which will best deliver growth for Western […]
The Government’s Employment Rights Bill could cause an annual hit to growth of more than £1,000 for every man, woman and child in the UK, according to new calculations from The Growth Commission ahead of Rachel Reeves’ Budget next month. The Growth Commission – an independent body comprising more than a dozen international economists – […]
Responding to the publication by the International Monetary Fund of its updated growth forecasts, Shanker Singham, Chairman of The Growth Commission, said: “The IMF growth forecasts for the G7 continue to make depressing reading. It is clear that Western Europe continues to stagnate in comparison with the U.S., Canada and even Japan now, with the UK […]