Invest In Britain
@investinbritain.bsky.social
190 followers 180 following 36 posts
We need a substantial uplift in public investment so we can build a strong, secure, climate-safe economy where families, businesses, and communities can thrive. https://investinbritain.org.uk/
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investinbritain.bsky.social
Invest in Britain is a campaign calling on politicians to substantially raise public investment to build a strong, sustainable, inclusive, resilient economy.

Let’s not settle for decline—let’s invest in a prosperous, vibrant Britain.

Find out more: investinbritain.org.uk
Home - Invest in Britain
investinbritain.org.uk
investinbritain.bsky.social
Responding to the Chancellor's speech at the Labour Party Conference today, Louis Willis, Director of the Invest in Britain campaign, said:
investinbritain.bsky.social
Invest in Britain is a campaign calling on politicians to substantially raise public investment to build a strong, sustainable, inclusive, resilient economy.

Let’s not settle for decline—let’s invest in a prosperous, vibrant Britain.

Find out more: investinbritain.org.uk
Home - Invest in Britain
investinbritain.org.uk
investinbritain.bsky.social
Louis Willis, Director of the Invest in Britain campaign, which organised the letter, said:
"Fiscal policy isn't an end in itself: its purpose is to deliver changes that improve both the fabric of our country and the lives of the people who live in it.

The Chancellor must use the Budget as an opportunity to invest in Britain's future, not treat is as an exercise in short-term book-keeping."
investinbritain.bsky.social
They also advise the Chancellor to move to one fiscal forecast a year to minimise volatility. Pro-investment reforms to the fiscal framework such as “requiring governments to address long-term risks, like climate change, at fiscal events”, “could also boost fiscal credibility”.
investinbritain.bsky.social
They suggest the government should also focus on rebalancing the tax and pensions system so that better-off older people “make a much larger contribution to addressing the fiscal pressures” arising from increased NHS, social care and pensions spending.
investinbritain.bsky.social
A “much bolder approach” is required to meet the structural challenges the UK faces. But this is hampered by a fiscal policy debate that instead focuses unhelpfully on “whether or not the government can hit arbitrary, short-term targets determined by highly volatile forecasts.”
investinbritain.bsky.social
They argue that the £113bn additional investment announced since last year’s Budget is a “useful step in the right direction”, but this still leaves public investment flat as a share of GDP over the parliament – and lower than both the OECD and the UK post-war averages.
investinbritain.bsky.social
The letter was signed by: Lord Gus O’Donnell, Lord Jim O’Neill, Professor @mazzucatom.bsky.social, @elerianm.bsky.social, Professor Sir @uofgvc.bsky.social, Professor @sjwrenlewis.bsky.social and Professor @jdportes.bsky.social.
investinbritain.bsky.social
Some of the UK’s most distinguished economists have written to the Chancellor warning that fiscal sustainability will not be achieved “without a significant further increase in public investment” to drive economic growth: www.thetimes.com/article/5acc...
Policymakers urge Rachel Reeves to tax ‘better-off older people’
Economists and academics tell the chancellor to stabilise the public finances by boosting investment with levies on wealth and stamp duty reform
www.thetimes.com
Reposted by Invest In Britain
positivemoneyuk.bsky.social
The UK desperately needs a public bank that is laser focussed on delivering for climate, nature and living standards.

The National Wealth Fund is an opportunity to have just that.

Read our new briefing for how it can be strengthened: bit.ly/4eoQcdI

1/5
investinbritain.bsky.social
Here's what our Campaign Director, @louiswillis.bsky.social, had to say about today's Comprehensive Spending Review: 👇
investinbritain.bsky.social
Here’s what Invest in Britain Director @louiswillis.bsky.social had to say ⬇️

8/8
investinbritain.bsky.social
This number is even higher for Labour-Green switchers (68%) and Labour-Liberal Democrat switchers (70%), supporting similar research from @persuasionuk.bsky.social.

7/8 bsky.app/profile/stev...
steveakehurst.bsky.social
NEW: Who are the voters Labour risks losing to Reform?

How might Lab unite them with the rest of its election winning coalition? How might Reform win them over?

Some big new research out today with @persuasionuk.bsky.social as featured by @greenmirandahere.bsky.social in today's FT 🧵👇
Getting to know 'Reform curious Labour voters'
exploring the attitudes, demography and values of Reform curious Labour voters and the coalitional dilemmas they lose
persuasionuk.org
investinbritain.bsky.social
Labour MPs’ worries about spending cuts are well-founded: a separate poll by @yougov.co.uk found 2024 Labour voters are overwhelmingly opposed to cutting spending for public services, even if that means raising taxes or borrowing.

6/8
investinbritain.bsky.social
This includes 32% of Labour MPs who think the government should reform its fiscal rules to create space for investment and spending. 11% of Labour MPs think the government should raise taxes, while 22% support reforming fiscal rules and raising taxes.

5/8
investinbritain.bsky.social
And close to two thirds (65%) of Labour MPs think the government should respond to ongoing global economic uncertainty by changing course on fiscal policy in order to fund public investment and spending.

4/8
investinbritain.bsky.social
With the Spending Review widely predicted to include cuts for many government departments, the majority of Labour MPs (59%) think that spending cuts would have a negative impact on the government’s ability to keep its promises.

3/8
investinbritain.bsky.social
Ahead of next week’s Spending Review, almost two thirds (64%) of Labour MPs believe the government’s fiscal rules make it harder for the government to keep its promises to raise living standards, improve public services and tackle climate change.

2/8
investinbritain.bsky.social
The Chancellor announced spending cuts last week to meet a highly uncertain forecast of fiscal headroom in 5 years' time.

Read our new briefing explaining why these cuts harm the UK’s growth prospects & have self-defeating effects on debt sustainability: investinbritain.org.uk/resource/bri...
Briefing on the 2025 Spring Statement - Invest in Britain
investinbritain.org.uk
investinbritain.bsky.social
At a Treasury Select Committee evidence session on the Spring Statement, the OBR's Richard Hughes explained how difficult it is to forecast fiscal headroom accurately, and that public policy should "not just respond to where the economy might be headed in a 5 year period".
investinbritain.bsky.social
You can read our Spring Statement briefing 'Why the
Chancellor cut spending and why it is a mistake' here ⬇️ 4/4
investinbritain.org.uk/resource/bri...
Briefing on the 2025 Spring Statement - Invest in Britain
investinbritain.org.uk
investinbritain.bsky.social
The fiscal framework should be a tool to help the government achieve its growth objectives and ensure fiscal sustainability. Given its ongoing failure to serve either purpose, there is a strong case for review. 3/4
investinbritain.bsky.social
Cutting spending to meet uncertain targets is a profound mistake that will harm the UK’s growth prospects and have self-defeating effects on debt sustainability. 2/4