The referendum result will impact the UK economy significantly. Monetary policy has swiftly been loosened in response with a package of measures including interest rates being cut from their already record low. The Autumn Statement in November will provide the first major set piece opportunity for the new Chancellor Philip Hammond to respond. Big decisions will need to be made over right fiscal policy, both for the near and longer term.
This article has been published in CCH Daily. The full article can be accessed here.
Authors
Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
Comment details
- Publisher
- CCH Daily
Suggested citation
Emmerson, C. (2016). Economic trends: fiscal reform expected in Autumn Statement [Comment] CCH Daily. Available at: https://ifs.org.uk/articles/economic-trends-fiscal-reform-expected-autumn-statement (accessed: 29 March 2024).
More from IFS
Understand this issue
A mess has been made of Child Benefit, and the clear-up operation may not be easy
29 March 2024
Spring Budget 2024: What you need to know
7 March 2024
The way Chancellors respond to economic news adds to our debt - here's why
1 March 2024
Policy analysis
What you need to know about the new childcare entitlements
28 March 2024
Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain
27 March 2024
Health spending planned to fall in England and Scotland in 2024–25, suggesting a top-up likely
4 March 2024
Academic research
Sustaining behavioural change: Evidence from rural Pakistan
27 January 2023