Question 3: Given the desired amount of deficit reduction, the Autumn Statement on balance:
Answer:
No opinion or other
Confidence level:
Confident
Comment:
Political choices kick in here in a big way. It's not just a question of tax increases of spending cuts. It matters a lot which taxes are increased and which expenditures are cut.
Question 1: How necessary was it for the UK government to lower its deficit through tax increases or spending cuts in November 2022?
Answer:
Undesirable
Confidence level:
Confident
Comment:
The Truss plan went too far in one direction. The Sunak plan has overcompensated. Moderate deficits are sustainable long term and large deficits are possible in times of crisis. This is one such time.
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).
Euro weakness in 2022
Question 2: Should the ECB respond to movements in the euro-dollar exchange rate of the nature observed in 2022?
Question 1: What was the main cause for the euro’s decline relative to the US dollar in 2022?
Addressing UK public finances after the mini-budget crisis
Question 3: Given the desired amount of deficit reduction, the Autumn Statement on balance:
Question 1: How necessary was it for the UK government to lower its deficit through tax increases or spending cuts in November 2022?
Assisting Households Facing Rising Energy Costs
Question 3: Should a windfall tax be used to (fully or partially) finance support to households?
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