New post just out:
"Running Hot"
A guest post today from @edballs + his research colleague Dan Turner.
It looks at why the US economy has grown so much faster than the UK's (pre-Trump). And what Rachel Reeves can learn from that.
(Free to read)
https://t.co/tJj7qSxKj5
11/ Finally—it’s impossible to do justice to the richness of the interviews in a thread, including from Cecelia Rouse, @jasonfurman, @MichaelRStrain, Alejandra Y Castillo, @jonasnahm and Jonah Wagner.
You can read each in full here:
https://t.co/QusfrIu8Fl
1/ Today, we publish a new working paper: what should the UK learn from Bidenomics?
At its core are 15 interviews—including 5 former Council of Economic Advisers members (3 of them Chairs), 4 former NEC Directors & 2 former Cabinet members.
https://t.co/2LnghzkVpk
10/ Thanks to @HarvardBizGov and @thestrandgroup for supporting the project—and for hosting us at our US launch (with @MyStephanomics) and tonight’s UK launch at KCL with @martinwolf_, Andy Haldane, and Shriti Vadera.
The US launch is up here: https://t.co/x5XK4620DK
So proud of the work my colleagues at the Inclusive Growth Network have done over the last 4 years—tackling inequality, boosting local economies, and driving real change. Check out their mighty impact report 👇
Just over a fortnight until our Inclusive Growth Conference at the Royal Society of the Arts. What will a "decade of national renewal" for all places and people look like?
Sign-up for your (free, inc lunch and drinks) tickets👇
https://t.co/y8VjhpaDpS
My concern is that transport investment has been undervalued as a driver of productivity growth. Would’ve liked to have a seen a capital-to-revenue wheeze to subsidise intra-city transport. Top of the wishlist for next November
More considered Budget take: the Chancellor delivered on scale (size of tax rises); strategy (higher public spending to induce private investment); and delivering tricky set of manifesto pledges (plus political red meat of spending on schools and hospitals). BUT this is step one
The good news is that today’s budget makes future reform/planning easier.
Today ticked so many political boxes (manifesto delivery, plan to improve services public care most about), that policymakers are now less constrained in future budgets; w more scope for novel policies