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The Fiscal Rules

The election campaign has focussed on the tax and spending plans of the main political parties, this brief outlines:

  • The case for fiscal rules as part of the country’s strategy of macroeconomic management.
  • The need for comprehensive reform of the process of setting fiscal policy.
  • This brief accompanies: “Where is the Money Coming from?”

 

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The Future Path of The Minimum Wage

Labour and the Conservatives both plan historically high increases to the UK minimum wage, aiming to use the minimum wage as an important tool in raising living standards. This briefing focuses on:

  • The current minimum wage structure and how the rates are determined;
  • The future path of the National Living Wage and the future structure of the National Minimum Wage youth rates, including an assessment of the proposals of both main parties.

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The Economic and Fiscal Impact of Brexit

Brexit dominates political debate and divides opinion.  The main political parties have different positions on this issue, ranging from cancelling Brexit (Liberal Democrats) to seeking a ‘clean-break’ (Brexit Party). The Prime Minster wants to ‘get Brexit done’ on the terms of the deal negotiated with the EU.  This briefing focuses on: