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Public Sector Finances

Read the latest insights on the public finances, including the effect of the coronavirus pandemic on public finances in the UK and around the world. Find out more about tax and other income, public spending, public assets and public liabilities including debt, and what governments can do to develop an effective long-term fiscal strategy to ensure the sustainability of public finances.

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Insights

Highlights

What is the state of the European Union?

17 September: European Commission President Ursula von der Leyen used her first set-piece ‘State of the European Union’ speech yesterday to outline her vision for the coming years and make several ambitious policy announcements. Susanna Di Feliciantonio, ICAEW Head of European Affairs, reviews the key points.

Reports and analysis

Fiscal Insight: Coronavirus and the public finances

Huge economic shock combined with unprecedented fiscal interventions are driving a global and UK fiscal crisis. ICAEW analyses the effect of coronavirus on public finances around the world and on the UK’s public finances in particular.

OBR Fiscal risks report 2019

On 18 July 2019, the Office for Budget Responsibility (OBR) published its second fiscal risks report. The fiscal risks report provides an analysis of the economic and policy risks facing the public finances, including a ‘fiscal stress test’, setting out how the fiscal numbers might react to a no-deal Brexit.

Intergenerational fairness

This survey provides a unique picture of the views of 10,000 Europeans on intergenerational fairness.