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National Institute Economic Review Press Conference – The economic outlook in the last Budget five months before Brexit

Event date
Thursday, 25 October, 2018
Event time
09:30 to 11:00
Event place
Event Type
Offline Event
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Please note this event is for journalists and by invitation only


You are invited to attend a press conference on Thursday 25th October at which we will present NIESR’s new quarterly UK and global economic forecasts, which will be embargoed until Friday 26th October 00.01am. The forecasts will be published in the November issue of the NIESR Review the following week.



Mr Hammond’s room for manoeuvre


In light of its latest projections for the global economy and the UK, and prior to next week’s Budget, the Institute will examine the fiscal options faced by the Chancellor five months before exit from the European Union.


As we argued in May and August, fiscal austerity is not sustainable and its end has been announced recently by the UK Government. Further details on what this means in practice will be announced in the Budget on Monday, 29th October. Ahead of this event, our analysis will outline how Brexit will impact different aspects of the economy including public finances based on two different scenarios.


Registration from 10.30am for prompt 11 o’clock start.


Chair: Jagjit Chadha, NIESR Director

11.00  Opening Remarks – Jagjit Chadha

11.10   Prospects for the Global Economy

           Garry Young, Director of Macroeconomic Modelling and Forecasting

11.20   Prospects for the UK Economy

           Amit Kara, Head of UK Macroeconomic Forecasting

11.30   Q&A


Please note: Due to the nature of NIESR’s Grade II listed building, we are unable to provide step-free access to our facilities and the Library is not currently accessible to wheelchair users, or those with limited mobility. We apologise for the inconvenience. Please do let us know in advance how we can assist your visit to the Institute – we are happy to discuss alternative arrangement in order to access our events.


Where: NIESR, 2 Dean Trench Street, Smith Square, London SW1P 3HE

When:  Thursday 25th October, 11am-12.00pm