Government debt will increase as it responds to coronavirus. In this insight we look at the basics of what government debt is, how it is funded and who it is owed to.…Read more
What economic support have governments given to businesses and individuals to tackle the impact of the coronavirus? This paper looks at the policies put in place by the EU, governments in Europe, the US and other developed countries.…Read more
The coronavirus outbreak is impacting the UK economy in a number of different ways: from supply chain disruption to the closure of businesses for public health reasons. This briefing provides an overview of how the virus is affecting the economy, the policy measures introduced to mitigate the impact, and the effect this all has on the public finances.…Read more
On 25 March 2020, there will be two topics for the 7th allotted Opposition Day Debate in the House of Commons. The first debate is on the subject of “Social cohesion and community” and the second on “Financial and social emergency support package”, both in the context of the Covid-19 outbreak. The House of Commons Library has shared relevant material below. …Read more
This note provides a short overview of the Contingencies Fund and the public spending measures being proposed to deal with the economic impact of the coronavirus outbreak.…Read more
Latest data on government net borrowing and net debt.…Read more
An overview of the spending envelope for the 2020 Comprehensive Spending Review, as announced in the March 2020 Budget.…Read more
This briefing investigates who the Office for Budget Responsibility are and what they do. It also discusses the Government’s fiscal targets, which are included in the Charter for Budget Responsibility.…Read more
This is a purely statistical note on public sector borrowing (the budget deficit), public sector debt and government debt interest payments.…Read more
The Conservative manifesto set out rules for the public finances. Will the Chancellor stick to them?
This briefing sets out the background to Spring Budget 2020 which will take place on 11 March 2020. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
Local authorities in England spent £91 billion in 2018/19. This briefing looks at the funding that local authorities receive from central Government, and where and how they spend it.…Read more
Details of the Supplementary Estimates for 2019/20, the Government’s revised set of spending plans for each department, which will go before Parliament for approval on 2 March 2020.…Read more
What is aid? What is the UN 0.7% aid target and why has the UK adopted it? Which government departments spend UK aid? What impact does UK aid have? What will be the impact of Brexit on UK aid? These and other questions are answered in an accessible way in this briefing paper.…Read more
This briefing summarises and analyses the Local Government Finance Settlement for 2020-21, set to be debated in the House on Wednesday 12 February 2020.…Read more
This policy limits the total amount that Government can spend on certain benefits, including tax credits and housing benefit. Not to be confused with the household benefits cap which limits the amount individual households can receive.…Read more