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Autumn Statement Briefing

Autumn Statement Briefing

Thursday, 06 December 2012
18:00 - 19:00

Speakers

• Mark Littlewood, Director General, Institute of Economic Affairs
• Will Hutton, Chair, The Big Innovation Centre
• Charles Levy, Senior Economist, The Work Foundation

The event:

The speakers debated this much anticipated Autumn Statement five years on from the start of the credit crunch. The Eurozone crisis shows no signs of easing and the rapid growth of the BRIC economies may be faltering. Both are hitting demand for British exports hard. Domestic demand remains limp, public borrowing is higher than forecast, and growth forecasts have repeatedly been trimmed. In recent months the labour market has been performing well, but concern remains that the UK faces a long period of low growth even if the short term outlook improves.

The speakers questioned the actions the chancellors had taken for his plan for growth. Charles Levy was disappointed that the chancellor did not go far enough to support a much needed boost for investment in science and innovation, while Mark Littlewood emphasised the necessity of the chancellors’ deficit reduction plan. Will Hutton highlighted that we should not have to remove important entitlements in order to have growth.

Read our press release here.

Read our submission to the Autumn Statement here.

Read Charles Levy’s reaction to the Autumn Statement here.

Read Andrew Sissons’ reaction to the Autumn Statement here.

Read Hiba Sameen’s reaction to the Autumn Statement here.

Find out more on about the event on Twitter with the hashtag #twfas2012.

To find out more about this event please email ngryf@theworkfoundation.com

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