In light of Lord Kerslake’s independent review, ‘Rethinking the Treasury’, and with the looming Spring Budget one day away, Professor Dave Richards considers where next for the Treasury. The review advocates a return to the Treasury’s core functions of controlling and co-ordinating public finance and overseeing the macro-economy Now is the time to break from […]
The productivity puzzle
Last week, policy@manchester hosted a roundtable on productivity with representatives from HM Treasury, Greater Manchester Combined Authority and academics from The University of Manchester, Sheffield and Leeds. Here, Professor Diane Coyle reflects on the discussion and lays out her views on what needs to be done to boost the UK’s economic productivity. If the pre-financial […]
Time to ditch GDP as a measure of economic well-being
There is nothing inevitable or ‘natural’ about using GDP to measure the economy. The Office for National Statistics has embarked on a journey toward a more rounded assessment of economic well-being, argues Professor Diane Coyle. Just before Christmas, the Office for National Statistics took a giant step, in its normal low key manner: it published […]