15 January 2021: This week’s chart is on demographics, highlighting the major differences in the age structure of populations between continents and the different challenges this presents for managing public finances.
Which emergency COVD-19 initiatives have been implemented by national governments around the world and what are their impacts?
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11 December 2020: Ultra-low or negative yields provide governments with an opportunity to borrow extremely cheaply, but what will happen if and when interest rates rise?
27 November 2020: In the wake of the government’s Spending Review, this week’s chart focuses on the bigger picture and looks at the scale of public spending in relation to the size of the overall economy.
20 November 2020: The #icaewchartoftheweek takes a look at the Irish Government’s fiscal plans for 2021 and how it plans to tackle the twin headwinds of COVID and Brexit.
16 November 2020: Alison Ring, ICAEW’s director for public sector, has written to the Chief Secretary to the Treasury ahead of the Spending Review to stress the importance of investment in infrastructure, data and financial management.
4 November: Alongside outlining how business rates could be modernised, ICAEW has suggested that a “fundamental rethink” of property and business tax is needed for a long-term solution.
30 October 2020: The US federal government spent $3.1tn more than it received in the year to 30 September 2020, more than three times the $1.0tn deficit incurred in 2019.
26 October 2020: The National Audit Office has published reviews of the cost of employment support schemes and the financial exposure to Bounce Back Loans implemented in response to the pandemic.
23 October 2020: The gap between spending and receipts widened to £208bn in the half-year to September 2020, significantly greater than the £80bn in the first half of 2009-10 at the height of the financial crisis.
16 October 2020: The Institute for Fiscal Studies annual pre-Budget report forecasts a doubling to £1.5tn in the amount of debt to be raised by the UK Government over the next five years.