National Institute of Economic and Social Research

Can private donations fix Britain's struggling public services? Could Japan’s “hometown tax” offering a blueprint? NIESR Senior Fellow Misa Tanaka sheds some light in this #blog ⬇️ hubs.la/Q04x2YrM0

Is the rise in gilt yields a global phenomenon or more of a British 'headache'? In our latest #MondayInterview, out today, Deputy Director @EconSteveM spoke to Senior Economist @EomicsUK to unpack some of the issues surrounding the latest movements in the bond market ⬇️ hubs.la/Q04wRxyc0

⚡️Chancellor Needs to Act Before Markets Force Him To Do It⚡️ Associate Economist @FergusJimenezE reacting to this morning Chancellor's speech ⬇️ #Chancellor #UKeconomy #BondMarkets

*NEW PUBLICATION* The latest policy brief by Director David Aikman argues that the new UK Govt needs to do what no UK Govt has done in 25 years: run a primary surplus to bring #debt down and put the #publicfinances on a sustainable path – and the longer the adjustment is deferred, the greater the economic cost. Read the full analysis here ⬇️ hubs.la/Q04wH7B60

Borrowing cost is at its highest in decades - Despite being a global phenomenon, in the UK costs have risen at one of the fastest paces in the world 📈 So what are the factors driving up UK borrowing cost? Few months back Director David Aikman analysed these issues...and here are the answers⬇️ hubs.la/Q04wdrFn0

*NEW* Latest research, in collaboration with the @TPIProductivity, proposes a new approach to quantifying digital skill demands using job platform data - with a strong focus on the UK regions and on those industries identified by the UK government as of strategic importance ⬇️ hubs.la/Q04vv_C30

This year Dow's Lecture will be delivered by Alan Taylor, external member of the Bank of England's Monetary Policy Committee, who will be talking about the dynamics driving inflation persistance and the implications for monetary policy 🗓️29 September 📍NIESR offices ⏰16:30-18:00 Sign up here ⬇️ hubs.la/Q04v9hxz0

Responding to an earlier blog post from David Aikman, in which he argues that a front-loaded fiscal squeeze would be a beneficial policy for the new government- as it will likely avert the need for a larger adjustment later-, @markcliffe, a visiting professor at the London Institute of Banking & Finance suggests that an alternative would be a front-loaded fiscal stimulus that drives growth and improves fiscal sustainability: hubs.la/Q04tHzP_0

We just published our latest analysis on inflation, suggesting that main driver of this month’s headline CPI figure was the 13 per cent increase in the Ofgem price cap, with households on variable tariffs feeling the greatest effects. Also, our estimate of seasonally adjusted three-month annualised inflation increased to 3.3 per cent in July, up from 2.4 per cent in June, indicating underlying inflationary momentum is picking up more than the headline rate suggests Read more here⬇️ hubs.la/Q04twmwj0

Our latest #wage Tracker published this morning suggests that the labour market is proving more resilient than anticipated just a few months ago. However, wage growth remains subdued at around 3.5 per cent as labour demand remains insufficient to allow workers to secure stronger pay increases. Read more here⬇️ hubs.la/Q04tkWs40

🚨ALERT FOR JOURNALISTS 🚨 *TOMORROW* We will present our latest forecasts for the UK and Global economies at a dedicated press briefing - with a special focus on the economic challenges facing the new Prime Minister and Chancellor Sign up here if you haven't done it yet 📝⤵️ niesr.ac.uk/event/summer-202…

The latest NIESR- @CFMUK survey has just been published 📊 - It focuses on the Prime Minister's new policy approach centered on more devolution Panellists are not convinced greater devolution will significantly raise aggregate UK productivity relative to alternative policy approaches Read more here ⤵️ hubs.la/Q04qP8Xz0

⚡️Inflation down but not out ⚡️ 📉 Our latest #inflation tracker has been published and suggests that, while recent drops offer relief, underlying price pressures—from energy caps to global supply chain volatility—mean the fight against inflation isn't over yet. Read more here⤵️ hubs.la/Q04qgzqH0

Can shifting power away from Westminster truly fix regional inequality in the UK? In our latest #MondayInterview, just published, @AdrianPabst1 assesses Andy Burnham’s ambitious devolution push—including proposals like a "No 10 North" and explores whether shifting fiscal power and decision-making away from Westminster could reshape regional economic governance and help close the UK's stark regional inequality - and productivity - gap ⤵️ hubs.la/Q04pZRXl0

⚡️ OUT NOW ⚡️ The latest #GDP Tracker suggests that good news for the UK economy are ending in the second quarter as early estimates point to much slower Growth in the third quarter of the year 📉 Continued energy price volatility will likely dampen economic activity in the near future, and consumers and businesses will be looking to the new Prime Minister to provide much-needed stability to the economy Read more here ⤵️ hubs.la/Q04pLBVQ0

Don't forget to sign up to our next webinar happening this Thursday on 'Tackling the #Youth Employment Challenge' A great panel to discuss the #MilburnReview’s key findings and to explore wider questions for UK labour market policy: how the experience of NEETs varies across social groups and regions; the role and implications of mental health as a driver of labour market outcomes; and what can be learned from existing policies to reduce youth unemployment Sign up here ⤵️ @Sandra_McNally @YF_Foundation @CareerEnt hubs.la/Q04prvbH0