Future Fiscal Frameworks - A Nuffield Foundation funded project on understanding and confronting uncertainty

Monday, 26 April, 2021 - 14:00 to 16:00

Join us and hear the findings of our latest research into fiscal policy – lessons to be learned from the period since 1993, in particular how governments manage their expenditure plans in light of uncertainty and the changing state of the economy.

Including contributions from two former Chancellors of the Exchequer - Norman Lamont and Alistair Darling – as well as Government Economic Advisors, former central bankers and Chief Secretaries to the Treasury, this research carefully explores the lessons from the period since 1993, in particular how expenditure plans are managed by governments during periods of uncertainty.

By attending this dedicated event, you will gain an insight into how our findings could inform an approach to the current debt problem following the Covid-19 pandemic. Our work adds to the understanding of fiscal policy drivers; shows that we need to re-examine carefully the objectives, instruments and framework guiding fiscal policy, and seeks to contribute to the debate on how best to design guiding principles for public spending plans. 

Contributors to the research include:

  • The Rt Hon. the Lord Lamont of Lerwick 
  • The Rt Hon. the Lord Darling of Roulanish 
  • The Rt Hon. Stephen Timms MP
  • The Rt Hon. Liam Byrne MP
  • Clare Lombardelli
  • William Allen 
  • Philip Turner
  • Swapan-Kumar Pradhan
  • Martin Ellison  
  • Andrew Scott
  • Gerald Holtham
  • Joe Grice