Commentary: Fiscal policy after the Referendum

Publication type: National Institute Economic Review | Publication date: 28 Oct 2016 | Theme: Macroeconomics, UK, Europe and devolution | NIESR Author(s): JChadha | Journal: National Institute Economic Review Issue 238 | Publisher: Sage Publications, London


The country has been through a difficult referendum campaign, with a surprising result, a change of Prime Minister and heightened concerns of an immediate economic slowdown, which may have been militated against by the swift change of government, the delay in the triggering of Article 50 and easing in monetary conditions. In the Introduction to the articles for this Review, I suggest that the referendum result will allow the UK to re-consider its democratic institutions and the question facing us is “whether the post-referendum climate will prove to be sufficiently fertile to grow such institutions”.