On Monday we turn our attentions at our Economics Conversations sessions to the UK and its government’s fiscal plans. On November 25 the Spending Review and the Autumn Statement will happen.
The Spending Review happens at the start of each Parliament, hence the last one was back in 2010, and it sets out the budgets for each department, or part of the government.
The Autumn Statement is the Autumn counterpart to the Budget, which happens each March, and hence is an annual event where the Chancellor updates plans for government taxation and spending.
There’s little doubt that as we get nearer to these events, they’ll get more and more media attention, not least after the tax credits fiasco, so it’s always good to be prepared to think about them as economists by discussing them, as economists.
See you all on Monday!