New Economics Foundation
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Change the rules. Share the wealth. Protect the planet.
But without a review and overhaul of our fiscal framework, the chancellor will remain trapped in this doom-loop at every budget to come. That's why we're arguing for a new approach👇🏽
neweconomics.org/2025/08/a-de...
neweconomics.org/2025/08/a-de...
A democratic fiscal framework
Transforming the Office for Budget Responsibility into the Office for Fiscal Transparency
neweconomics.org
December 1, 2025 at 11:33 AM
But without a review and overhaul of our fiscal framework, the chancellor will remain trapped in this doom-loop at every budget to come. That's why we're arguing for a new approach👇🏽
neweconomics.org/2025/08/a-de...
neweconomics.org/2025/08/a-de...
The chancellor's obsession with the fiscal rules is trapping us in a doom loop of underinvestment, low growth and a stagnating economy.
To get out of this trap we need to be taking a sensible, strategic approach to policy making.
To get out of this trap we need to be taking a sensible, strategic approach to policy making.
December 1, 2025 at 11:33 AM
The chancellor's obsession with the fiscal rules is trapping us in a doom loop of underinvestment, low growth and a stagnating economy.
To get out of this trap we need to be taking a sensible, strategic approach to policy making.
To get out of this trap we need to be taking a sensible, strategic approach to policy making.
Listen here: linktr.ee/neweconomics...
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November 27, 2025 at 11:40 AM
Listen here: linktr.ee/neweconomics...
These sales risk counteracting the government's efforts. Find out more. 2/2
neweconomics.org/2025/11/budg...
neweconomics.org/2025/11/budg...
Budget tax rises to be overshadowed by Bank of England bond sales and losses
Bank of England to make cumulative losses of £112bn until 2030/31, wiping out the £78bn in tax rises raised in today’s budget
neweconomics.org
November 27, 2025 at 11:17 AM
These sales risk counteracting the government's efforts. Find out more. 2/2
neweconomics.org/2025/11/budg...
neweconomics.org/2025/11/budg...
These costs do not affect other countries Treasuries and the Bank of England could change its approach to setting interest rates to save money. Find out more here: neweconomics.org/2025/09/brea...
Breaking the bank?
The case for and against central bank losses
neweconomics.org
November 26, 2025 at 4:14 PM
These costs do not affect other countries Treasuries and the Bank of England could change its approach to setting interest rates to save money. Find out more here: neweconomics.org/2025/09/brea...
These reforms would allow for alternative economic policies, make UK fiscal policy more transparent, and ultimately increase democratic accountability. Find out more in our report. 3/3 neweconomics.org/2025/08/a-de...
A democratic fiscal framework
Transforming the Office for Budget Responsibility into the Office for Fiscal Transparency
neweconomics.org
November 25, 2025 at 3:16 PM
These reforms would allow for alternative economic policies, make UK fiscal policy more transparent, and ultimately increase democratic accountability. Find out more in our report. 3/3 neweconomics.org/2025/08/a-de...
Under this model the Treasury would produce its own forecasts, the Office for Fiscal Transparency would scrutinise them and highlight any disagreements it had with them, and a separate Fiscal Policy Committee would judge who they agree with more. 2/3
November 25, 2025 at 3:16 PM
Under this model the Treasury would produce its own forecasts, the Office for Fiscal Transparency would scrutinise them and highlight any disagreements it had with them, and a separate Fiscal Policy Committee would judge who they agree with more. 2/3