Question 3: Should a windfall tax be used to (fully or partially) finance support to households?
Answer:
Yes
Confidence level:
Very confident
Question 2: Which of the following is the best way to address the impact of rising energy costs on household finances?
Answer:
Conditional/targeted transfers
Confidence level:
Confident
Question 1: Overall, which of the following best characterises how the government’s proposed energy policies will leave the average UK household over the medium term:
Answer:
Worse off
Confidence level:
Confident
Comment:
The package is regressive and adds to the negative financial markets response to the mini budget.
Question 2: Which policies could best help reduce regional productivity disparities?
Answer:
Public or subsidized investment in lagging communities
Confidence level:
Confident
Comment:
In the short run, public investment in lagging communities is most likely to compensate the gap at least in part. In the medium/long run, supply side policies and structural reforms should become the main tool to address regional imbalances.
Question 1: What is the primary factor driving regional productivity disparities in the UK?
Answer:
Agglomeration Effects
Confidence level:
Not confident
Comment:
All effects mentioned in the background discussion sound reasonable. I'm not aware of a study that has systematically tried to quantify their relative importance.
The CFM surveys informs the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions. Some surveys focus specifically on the UK economy (as the CFM is a UK research centre), but surveys can in principle focus on any macroeconomic question for any region. The surveys shed light on the extent to which there is agreement or disagreement among these experts. An important motivation for the survey is to give a more comprehensive overview of the beliefs held by economists and in particular to include the views of those economists whose opinions are not frequently heard in public debates.
Questions mainly focus on macroeconomic and public policy topics. Although there are some questions that focus specifically on the UK economy, the setup of the survey is much broader and considers questions related to other countries/regions and also considers questions not tied to a specific economy.
The surveys are done in collaboration with the Centre for Economic Policy Research (CEPR).
Assisting Households Facing Rising Energy Costs
Question 3: Should a windfall tax be used to (fully or partially) finance support to households?
Question 2: Which of the following is the best way to address the impact of rising energy costs on household finances?
Question 1: Overall, which of the following best characterises how the government’s proposed energy policies will leave the average UK household over the medium term:
Levelling Up Productivity Gaps in the UK
Question 2: Which policies could best help reduce regional productivity disparities?
Question 1: What is the primary factor driving regional productivity disparities in the UK?
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