econstevem.bsky.social
@econstevem.bsky.social
Deputy Director for Macroeconomic Modelling and Forecasting at NIESR. Enjoy watching cricket and playing the piano. Using Bluesky in a personal capacity.
Reposted
#Budget week is (finally) here! But what should we be really looking out for on Wednesday? 💼

Our Peter Dixon answers four key questions in the latest #MondayInterview, just published 👇

#Budget2025 #Chancellor #UKeconomy
@resmedia.bsky.social

niesr.ac.uk/blog/four-ke...
November 24, 2025 at 10:49 AM
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NIESR Deputy Director
@adrianpabst.bsky.social
comments on the impact of the #Budget2025 on #livingstandards: "[The Chancellor's] decision to extend the freeze in income tax thresholds will hit the bottom 30% of UK households the hardest."
November 26, 2025 at 3:33 PM
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"The OBR's downgrade to its #productivity forecast acknowledges the economic reality of lower trend GDP growth", according to NIESR Senior Economist Ben Caswell.
November 26, 2025 at 2:23 PM
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'Chancellor let's stop paying a credibility #tax'!

Our Director David Aikman setting the scene ahead of the #Budget2025

Follow our live reactions here ⚡️

#Budget #UKeconomy
November 26, 2025 at 11:49 AM
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Our analysis of today's Autumn #Budget is published!

We believe it locks in a high-tax, high-debt steady state in a world of low productivity growth and higher interest rates with a modest fiscal tightening over the forecast.

Our full take here: 👇

niesr.ac.uk/blog/2025-au...
2025 Autumn Budget Reaction - NIESR
Today’s Autumn Budget locks in a high-tax, high-debt steady state in a world of low productivity growth and higher interest rates.
niesr.ac.uk
November 27, 2025 at 10:00 AM
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#Chancellor, fix the roof!🏚️

"We need to call time on fiscal wishful thinking.

The sun may not be shining, but it’s still the moment to fix the roof – before the next storm hits" 🌦️🌩️

Ahead of the #Budget our Director's piece for Comment Central is a must read 👇
The sun might not be shining, but it’s time to fix the roof
Within the space of a week, the Chancellor has delivered a pre-Budget signal, rowed back from it, and left the impression of a government unsure of its fiscal bearings. One could be forgiven for…
commentcentral.co.uk
November 24, 2025 at 8:53 AM
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*NEW* pre-#Budget video with our Deputy Director @econstevem.bsky.social

What is trend growth? Why it matters? What can the #Government do about it?

Worth a watch ahead of next week ⬇️🎥

#Budget2025 #AutumnBudget #UKeconomy #Chancellor
November 23, 2025 at 6:12 PM
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#Budget day is on Wednesday - does the UK need to invest more money in the NHS? @teraallas.bsky.social provides her expertise on the latest Productivity Puzzles ep.: podfollow.com/productivity...
The ep. also features @econstevem.bsky.social & Louise Hellem, alongside host @bartvanark.bsky.social.
November 24, 2025 at 9:07 AM
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#WeekendReading🔖 The latest #DirectorView

The 'Dean Trench' Weekly Memo from explores explores the channels through which the #Budget can impact borrowing costs and shows how a credible fiscal plan could potentially lower gilt yields and earn a ‘credibility dividend’

niesr.ac.uk/blog/how-mig...
November 23, 2025 at 9:28 AM
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The UK bond market is highly sensitive as it approaches next week’s #Budget. This blog explores the channels through which the #Budget can impact borrowing costs and shows how a credible fiscal plan could potentially lower gilt yields and earn a ‘credibility dividend’.

niesr.ac.uk/blog/how-mig...
November 21, 2025 at 10:37 AM
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"We need to call time on fiscal wishful thinking.

What’s needed in the #AutumnBudget is a credible plan to reduce #debt – not just over this Parliament but over the decade ahead."

Our Director David Aikman's latest piece for Comment Central is out now!

commentcentral.co.uk/the-sun-migh...
The sun might not be shining, but it’s time to fix the roof
Within the space of a week, the Chancellor has delivered a pre-Budget signal, rowed back from it, and left the impression of a government unsure of its fiscal bearings. One could be forgiven for feel...
commentcentral.co.uk
November 21, 2025 at 4:35 PM
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#WeekendReading🔖 Forget MAGA... what matters in the UK is MOBA!

*Make the OBR Boring Again*

Our Director David Aikman explains why in his latest piece for @cityam.bsky.social
👇👇👇
Make the OBR boring again
The OBR should be independent, trusted and uncontroversial - so it needs a rules-based framework in which to operate, otherwise it will continue to come under attack
www.cityam.com
November 22, 2025 at 11:30 AM
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#WeekendWatching🔖 Our pre-#Budget video with Director David Aikman outlining where the actual issues lie, how to address the fiscal gap in the public finances, and the role of #fiscalrules ⬇️🎥

#Budget #AutumnBudget #UKeconomy #Chancellor
November 22, 2025 at 4:12 PM
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#WeekendReading🔖 What is fiscal sustainability? How to define it?

And what can the #Chancellor do in the upcoming #Budget to achieve it?

Our latest #MondayInterview by @econstevem.bsky.social tries to provide some answers👇

#FiscalPolicy #Budget2025

niesr.ac.uk/blog/what-ar...
November 22, 2025 at 9:07 AM
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Does increasing growth in the long run mean making politically difficult decisions in the short term? podfollow.com/productivity...

This special Budget episode features Louise Hellem (CBI), @teraallas.bsky.social (@alliancembs.bsky.social) & @econstevem.bsky.social (@niesrorg.bsky.social).
November 20, 2025 at 8:57 AM
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*NEW* pre-#Budget video with our Deputy Director @econstevem.bsky.social

What is trend growth? Why it matters? What can the #Government do about it?

Worth a watch ahead of next week ⬇️🎥

#Budget2025 #AutumnBudget #UKeconomy #Chancellor
@resmedia.bsky.social
November 20, 2025 at 4:35 PM
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🚨OUT NOW🚨 Our latest #CPI Tracker suggests that, despite the expected fall today, #inflation will remain above 3% over the next 6 months 📈

Here is why 👇

niesr.ac.uk/publications...
November 19, 2025 at 10:46 AM
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What to make of today's #inflation figures? They suggest a mixed picture...

Our Huw Dixon digs deep into the numbers and provide some insights in his #blog, just published
👇👇

@cu-cardiffbusiness.bsky.social
niesr.ac.uk/blog/inflati...
November 19, 2025 at 5:17 PM
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Reducing uncertainty should be a core aim of next week's Budget. @econstevem.bsky.social from @niesrorg.bsky.social is on the latest ep. of Productivity Puzzles, w/ @bartvanark.bsky.social, Louise Hellem (CBI) & @teraallas.bsky.social from @alliancembs.bsky.social: podfollow.com/productivity...
November 19, 2025 at 8:59 AM
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"We can, and should, have two #OBR forecasts a year but one #Budget"

The way to avoid short-termism is not to silence the OBR but to build more headroom into the fiscal rules"

Our Director David Aikman's letter in the @financialtimes.com today is worth a read 📨👇

www.ft.com/content/dcf9...
Letter: The OBR’s problem is not a lack of transparency
From David Aikman, Director, National Institute of Economic and Social Research, London SW1, UK
www.ft.com
November 17, 2025 at 10:09 AM
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⚡️Latest forecast paints a gloomy picture for #inflation well into 2026 📈

Ahead of tomorrow's latest ONS monthly data on inflation read our Huw Dixon's blog 👇

#UKeconomy
@cu-cardiffbusiness.bsky.social
niesr.ac.uk/blog/latest-...
November 18, 2025 at 9:58 AM
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⚡️Our reaction to the latest #inflation figures is out now⚡️

#UKeconomy
#InterestRates
@resmedia.bsky.social
November 19, 2025 at 7:27 AM
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With the budget happening next week, I was able to discuss the links between the budget and productivity on this podcast hosted by @bartvanark.bsky.social together with the excellent @teraallas.bsky.social and Louise Hellem. Well worth a listen! @niesrorg.bsky.social @jagjitchadha.bsky.social
November 18, 2025 at 11:34 AM