The Growth Commission has issued the following response to the King’s Speech: Wealth Creation Focus The continued emphasis on wealth creation from the Government is commendable, but we now need to clarify what wealth creation actually entails and how it will be achieved. Key elements from the speech include: Planning and Infrastructure Bill Summary This […]
In this paper, we focus on the demographic impacts on economic growth. The demographic shifts here mean that the share of the old cohort in the total population increases or the average age rises over time because of increased life expectancy and a decline in fertility. Of these two forces, the significant decrease in the […]
New Research from the Growth Commission’s Spring Growth Budget says an EU-style Carbon Border Tax to be implemented by 2027, with second round of Government consultations to be launched tomorrow, will further damage UK growth. An EU style carbon border adjustment mechanism (CBAM) will increase the costs of goods including iron, steel, aluminium, fertiliser, hydrogen, ceramics, glass and cement […]
This report sets out policies which we believe will return the economy to a respectable pace of economic growth and permit GDP per capita to rise, meaning that the gap between the UK and US levels of GDP per capita will fall from the current 64% to 35% by 2045. In this budget we describe the policy changes which we believe will be necessary to transform the economy and generate faster economic growth in per capita terms.