Carl Emmerson

Carl Emmerson

Deputy Director

Education:

MSc Economics, Birkbeck, University of London, 1999
BSc Economics (1st Class), London School of Economics and Political Science, 1996

Carl is Deputy Director of the IFS and an editor of the annual IFS Green Budget. He is also a member of the Social Security Advisory Committee and the advisory panel of the Office for Budget Responsibility.

 

His recent research has included analysis of the impact of the financial crisis and association recession, and the Government's response, on the UK's public finances. He has examined the effect of UK pension reforms on the public finances, retirement behaviour, labour market mobility, incentives to save and inequality, and has evaluated the large scale pilots of the Education Maintenance Allowance, the Pathways-to-Work reforms to incapacity benefits and the Saving Gateway matched savings vehicle. He previously served as a specialist advisor to the House of Commons Work and Pensions Select Committee.

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Autumn 2017 Budget: options for easing the squeeze

| Report

The key backdrop to all fiscal events in the UK since the financial crisis has been the weak performance of the economy. At the time of the March 2017 Budget, national income per adult was around 15% lower than it would have been had output per adult instead grown by 2% a year (close to the post-war average) since the start of 2008. Despite this historically poor performance, weak growth was forecast to continue. The March forecast implied that, by 2022, national income per capita would be 18% lower than it would have been if it had grown at 2% per year since 2008. That is astonishing.

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