Surveys

The Importance of Elections for UK Economic Activity

Summary

In the week before the dissolution of Parliament, the Centre for Macroeconomics asked its panel of experts about the effects of governments on aggregate economic activity.

The great majority of respondents disagree with the proposition that the coalition government’s austerity policies have had a positive effect on aggregate economic activity. And an overwhelming majority of respondents agree that the outcome of the general election (assuming a stable government is formed) will have non-trivial consequences for economic activity.

2014 Autumn Statement

Summary

In the wake of the Chancellor’s Autumn Statement on Wednesday, the Centre for Macroeconomics (CFM) has conducted its monthly survey of leading UK-based macroeconomists.

The responses indicate overwhelming disagreement with the view that the scale of the planned reduction in total managed government expenditure is realistic. They also indicate disagreement with the view that observed shortfalls in tax receipts make a strong case for higher tax rates.

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