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

Event date
Monday, 26 April, 2021
Event time
13:00 to 15:00
Event place
Event Type
Online event
  • This event has passed.

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.


  • Jagjit Chadha, Director of NIESR
  • Tim Gardam, Chief Executive of the Nuffield Foundation
  • Clare Lombardelli, Chief Economic Advisor at HM Treasury
  • Adrian Pabst, Deputy Director of NIESR
  • Joe Grice, Consultant to ONS in external engagement and research
  • Martin Ellison, Professor of Economics at the University of Oxford
  • Gerald Holtham, Professor of Regional Economy at Cardiff Metropolitan University
  • Hande Kucuk, Deputy Director of NIESR
  • Philip Turner, Visiting Fellow at NIESR and University of Basel
  • Ricardo Reis, Arthur Williams Philips Professor of Economics at the London School of Economics
  • Janet Henry, Global Chief Economist at HSBC
  • Danae Kyriakopoulou, Chief Economist and Director of Research at the OMFIF, and Chair of the Sustainable Policy Institute
  • Bart Van Ark, Professor of Productivity Studies at the Alliance Manchester Business School
  • Richard Hughes, Chairman of the Office for Budget Responsibility

Contributors to the research include:

  • The Rt Hon. the Lord Lamont of Lerwick 
  • The Rt Hon. Alistair Darling
  • 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
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26 April 2021
13:00 - 15:00


United Kingdom


Online event