Fiscal Sustainability Report July 2013

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Fiscal Sustainability Report July 2013

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Author : Office for Budget Responsibility
language : en
Publisher: Stationery Office
Release Date : 2013-07-17

Fiscal Sustainability Report July 2013 written by Office for Budget Responsibility and has been published by Stationery Office this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-17 with Business & Economics categories.

In this third fiscal sustainability report, the OBR advise that the ageing of the population is likely to put pressure on the public finances, primarily as a result of upward pressure on public spending. As a result, some additional fiscal tightening is likely to be needed after the current crisis-related consolidation has been implemented. Since last year, the underlying deficit and debt path look less favourable. But this and the costs of long-term care reform are likely to be offset by the Government's announcement of additional spending cuts in 2017-18 and savings from the Single Tier pension.

Fiscal Sustainability Report

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Author : Great Britain. Office for Budget Responsibility
language : en
Publisher:
Release Date : 2012-07-12

Fiscal Sustainability Report written by Great Britain. Office for Budget Responsibility and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-12 with Finance, Public categories.

In the Fiscal sustainability report (FSR) the Office for Budget Responsibility looks beyond the medium-term forecast horizon of their twice-yearly Economic and fiscal outlooks and ask whether the UK's public finances are likely to be sustainable over the longer term. The approach is twofold: (i) Look at the fiscal impact of past government activity, as reflected in the assets and liabilities on the public sector's balance sheet; (ii) Look at the potential fiscal impact of future government activity, by making 50-year projections of all public spending, revenues and significant financial transactions, such as government loans to students. These projections suggest that the public finances are likely to come under pressure over the longer term, primarily as a result of an ageing population. Under the OBR's definition of unchanged policy, the Government would end up having to spend more as a share of national income on age-related items such as pensions and health care. But the same demographic trends would leave government revenues roughly stable as a share of national income. Long-term projections such as these are highly uncertain and the results presented here should be seen as broad-brush illustrations rather than precise forecasts. This publication is divided into 5 chapters, with two annexes and a bibliography.

British Government Fiscal Sustainability Report July 2011

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Author : British Office for Budget Responsibility
language : en
Publisher: CreateSpace
Release Date : 2012-03-08

British Government Fiscal Sustainability Report July 2011 written by British Office for Budget Responsibility and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-08 with Business & Economics categories.

The Office for Budget Responsibility (OBR) was created in 2010 to provide independent and authoritative analysis of the UK's public finances. As part of this role, the Budget Responsibility and National Audit Act 2011 requires us to produce “an analysis of the sustainability of the public finances” once a year. ThisFiscal sustainability report is our first such analysis.

British Government Fiscal Sustainability Report July 2012

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Author : Office for Budget Responsibility Government of the United Kingdom
language : en
Publisher:
Release Date : 2013-01-28

British Government Fiscal Sustainability Report July 2012 written by Office for Budget Responsibility Government of the United Kingdom and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-28 with Political Science categories.

The Office for Budget Responsibility (OBR) was created in 2010 to provide independent and authoritative analysis of the UK's public finances. As part of this role, the Budget Responsibility and National Audit Act 2011 requires us to produce "an analysis of the sustainability of the public finances" once a year. Our approach to analyzing this issue is twofold: * first, we look at the fiscal impact of past public sector activity, as reflected in the assets and liabilities that it has accumulated on its balance sheet; and * second, we look at the potential impact of future public sector activity, by examining how spending and revenues may evolve over the next 50 years - and the impact this would have on public sector net debt. Broadly speaking, the fiscal position is unsustainable if the public sector is on course to absorb an ever-growing share of national income simply to pay the interest on its debts. This notion of sustainability can be quantified in a number of ways. It is important to emphasize that the long-term outlook for public spending and revenues is subject to huge uncertainties. Even backward-looking balance sheet measures are clouded by difficulties of definition and measurement. The long-term figures presented here should be seen as broad-brush illustrative projections rather than precise forecasts. Policymakers need to be aware of these uncertainties, but should not use them as an excuse for ignoring the long-term challenges that lie ahead. The analysis and projections in this document represent the collective view of the three independent members of the OBR's Budget Responsibility Committee. We take full responsibility for the judgments that underpin them and for the conclusions we have reached. We have, of course, been supported in this by the full-time staff of the OBR, to whom we are as usual enormously grateful. We have also drawn on the help and expertise of our advisory board and of officials across government, including the Department for Work and Pensions, HM Revenue and Customs, HM Treasury, the Department of Energy and Climate Change, the Department of Health, the Department for Business, Innovation and Skills, the Government Actuary's Department, and the Office for National Statistics. We have had very useful discussions on our analysis of the health sector with John Appleby and colleagues from the King's Fund, and with Anita Charlesworth and colleagues from the Nuffield Trust. We provided the Chancellor of the Exchequer with a draft set of our projections and conclusions on 28 June, to give him the opportunity to decide whether he wished to make further policy decisions that we would be able to incorporate in the final version. He did not. We provided a full and final copy of the report 24 hours prior the publication, in line with the standard pre-release access arrangements. At no point in the process did we come under any pressure from Ministers, special advisers or officials to alter any of our analysis or conclusions. A full log of our substantive contact with Ministers, their offices and special advisers can be found on our website.

The Office For Budget Responsibility And The Politics Of Technocratic Economic Governance

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Author : Ben Clift
language : en
Publisher: Oxford University Press
Release Date : 2023-03-14

The Office For Budget Responsibility And The Politics Of Technocratic Economic Governance written by Ben Clift and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-14 with Political Science categories.

The Office for Budget Responsibility and the Politics of Technocratic Economic Governance is about the politics of economic ideas and technocratic economic governance. It is also a book about the changing political economy of British capitalism's relationship to the European and wider global economies. It focuses on the creation in 2010 and subsequent operation of the independent body created to oversee fiscal rectitude in Britain, the Office for Budget Responsibility (OBR). More broadly, it analyses the politics of economic management of the UK's uncertain trajectory, and of British capitalism's restructuring in the 2010s and 2020s in the face of the upheavals of the global financial crisis (GFC), Brexit and COVID. A focus on the intersection between expert economic opinion of the OBR as UK's fiscal watchdog, and the political economy of British capitalism's evolution through and after Brexit, animates a framework for analysing the politics of technocratic economic governance. The technocratic vision of independent fiscal councils fails to grasp a core political economy insight: that economic knowledge and narratives are political and social constructs. The book unpacks the competing constructions of economic reason that underpin models of British capitalism, and through that inform expert economic assessment of the UK economy. It also underlines how contestable political economic assumptions undergird visions of Britain's international economic relations. These were all brought to the fore in economic policy debates about Britain's place in the world, which in the 2010s centred on Brexit. This book analyses OBR forecasting and fiscal oversight in that broader political context, rather than as a narrowly technical pursuit.

Social Policy In A Cold Climate

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Author : Lupton, Ruth
language : en
Publisher: Policy Press
Release Date : 2016-04-20

Social Policy In A Cold Climate written by Lupton, Ruth and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-20 with Political Science categories.

Social Policy in a Cold Climate offers a data-rich, evidence-based analysis of the impact Labour and coalition government policies have had on inequality and on the delivery of services such as health, education, adult social care, housing and employment in the wake of the greatest recession of our time. The authors provide an authoritative and unflinching analysis of recent approaches to social policy and their outcomes following the financial crisis, with particular focus on poverty and inequality. Through a detailed look at spending, outputs and outcomes the book offers a unique appraisal of Labour and the coalition’s impact as well as an insightful assessment of future directions. This volume offers a much-awaited follow-up to the critically acclaimed ‘A more equal society?’ (2005) and ‘Towards a more equal society?’ (2009).

Fiscal Sustainability And Competitiveness In Europe And Asia

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Author : R. Rajan
language : en
Publisher: Springer
Release Date : 2014-07-25

Fiscal Sustainability And Competitiveness In Europe And Asia written by R. Rajan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-25 with Business & Economics categories.

This book examines key issues and policy concerns relating to fiscal sustainability and competitiveness in European and Asian economies. In addition to estimating the extent of fiscal capacity or lack thereof for these economies, the authors supplement the empirical analysis with country case studies.

The Whole Elephant

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Author : Mr.Timothy Irwin
language : en
Publisher: International Monetary Fund
Release Date : 2015-12-10

The Whole Elephant written by Mr.Timothy Irwin and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-10 with Business & Economics categories.

Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, the financial deficit, the full-accrual deficit, and the comprehensive deficit. Each is informative, but each has problems of relevance or reliability. Some are more vulnerable to manipulation involving assets and liabilities that are unrecognized in the underlying accounting, others to manipulation involving the mismeasurement of recognized assets and liabilities. Governments should publish all four in a form that reveals their interrelationships.

Good Times Bad Times

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Author : John Hills
language : en
Publisher: Policy Press
Release Date : 2017-02-22

Good Times Bad Times written by John Hills and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-22 with Political Science categories.

Two-thirds of UK government spending now goes to the welfare state, and where that money is spent--healthcare, education, pensions, benefits--is at the heart of major political and public debate. Much of that debate is dominated by the myth that the population is divided into those who benefit from the welfare state and those who pay into it. But this groundbreaking book--fully revised in this second edition with current data, discussion of key policy changes, and a new preface reflecting on the changed UK political context following the 2015 election and 2016 Brexit vote--uses extensive research and survey evidence to challenge that view. It shows that our complex and ever-changing lives mean that all of us rely on the welfare state throughout our lifetimes, not just a small welfare-dependent minority. Using everyday life stories and engaging graphics, top UK social policy expert John Hills clearly demonstrates how the facts are far removed from the popular misconceptions.

Interactional Leadership And How To Coach It

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Author : Michael Harvey
language : en
Publisher: Routledge
Release Date : 2014-11-20

Interactional Leadership And How To Coach It written by Michael Harvey and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-11-20 with Business & Economics categories.

All leaders make choices, but not all leaders are choice-focused. In Interactional Leadership and How to Coach It: The art of the choice-focused leader Michael Harvey presents an important new theory of leadership which demonstrates how to coach successful choice-making. This clear, wide-ranging book integrates business and psychology, exploring the art of choice-focused leadership through neuroscience, cognitive psychology, existential philosophy and leadership studies. Interactional leadership helps leaders to make informed decisions throughout the "achievement cycle" of strategy, resourcing and delivery, and emphasises the importance of psychological balance. The book features chapter-long case studies which provide unique insights into the leader’s inner world and clearly illustrate how the tightrope of leadership can be mastered. Harvey draws important lessons about decision-making from corporate leaders, politicians and even Shakespeare’s tragic heroes, and addresses the leader’s ethical responsibility for major issues facing us now and in the future. The interactional model also focuses on coaching the multiple roles of leadership, such as global leader, team leader, innovator, entrepreneur and chair of the board. Accessible and practical, Interactional Leadership and How to Coach It is an ideal guide for coaches, leaders, students, trainers of coaches and anyone involved in leadership development and recruitment.