Philip Hammond is poised to use his Spring Statement to once again dangle the prospect of a Brexit “deal dividend” in front of MPs. At best the Chancellor would be offering no more than a temporary fillip, argues Dr Gemma Tetlow.
In a week dominated by Brexit and Trump, two dry reports about the UK’s public finances are unlikely to receive a lot of press coverage. But they pose a challenge to government that will endure long after Brexit, argues Martin Wheatley.
Unless it raises taxes or loosens its borrowing rules, the Government will have to cut spending on other public services by nearly 4% to pay for the recently announced NHS ‘birthday present’, warns Gemma Tetlow.
Gemma Tetlow argues that separating news of spending largesse from any serious attempt to explain where the money will come from makes it harder to make the case for necessary tax rises – or looser fiscal targets.
April 2018 marks the latest step in the process of tax devolution. Akash Paun argues that these are important reforms, but the system is increasingly complex, making the case for a full review of how devolved and local government is funded.