Research

The Impact of Carbon Leakage Mechanisms on Growth

Original new research from the Growth Commission published today highlights the potential hit to economic growth in the UK if we were to adopt a carbon leakage mechanism akin to that being pioneered by the European Union and under active consideration by the UK government. The EU’s Carbon Border Tax Adjustment Mechanism (or CBAM) aims […]

Growth Commission Response to King’s Speech

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 […]

Demographic Impacts on Economic Growth

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 […]

The Spring Growth Budget 2024

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.

The Growth Budget 2023

This is the first Growth Commission Budget where we put forward carefully costed proposals as an alternative approach for the Autumn Statement to be held on 22 November 2023. The report is built on modelling approaches which take into account behavioural changes likely to result from the policy changes and look explicitly at the likely impact on GDP per capita over the longer term up to 20 years.

Response to the Consultation on Growth Duty

Economists warn new definition of ‘growth’ could derail economic renewal GDP per capita measurement must remain the clear objective for regulators in meeting their duty to support economic growth, the Growth Commission has urged. Responding to a recent Government consultation which seeks to modify the definitions of the term ‘growth’ in the context of the […]