In advance of Rachel Reeves presenting the new government’s first Budget next week, the Growth Commission has published a 14-point plan to get the UK economy growing again. With both the Prime Minister and Chancellor focusing on the need to raise the rate of GDP per capita, The Autumn 2024 Growth Budget – released by […]
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 […]
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 […]
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.
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.
Report uncovers a £143bn regulatory burden on businesses New reports published by the Growth Commission lay bare the staggering true cost of Government regulation to businesses well in excess of the Government’s original assessment of £14.3bn. According to the report, costs on businesses from regulations imposed since 2015, could have a negative regulatory impact of […]