Commentary: Fiscal policy after the Referendum

The country has been through a difficult referendum campaign, with a surprising result, a change of Prime Minister and heightened concerns of an immediate economic slowdown, which may have been militated against by the swift change of government, the delay in the triggering of Article 50 and easing in monetary conditions. In the Introduction to the articles for this Review, the author suggests that that the referendum result would allow the UK to re-consider its democratic institutions and the question facing us was 'whether the post-referendum climate will prove to be sufficiently fertile to grow such institutions'.

The way the government decides to tackle the fiscal policy framework, which seemedto have been quietly shelved after the referendum, may be the start.

ESO: Background information: Market jitters and Brexit uncertainty magnifies the chance of a flash crash http://www.europeansources.info/record/market-jitters-and-brexit-uncertainty-magnifies-the-chance-of-a-flash-crash/

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

Resolution Foundation: Publications > Pressing the reset button: the public finance options facing the new Chancellor at the Autumn Statement, October 2016 http://www.resolutionfoundation.org/publications/pressing-the-reset-button-the-public-finance-options-facing-the-new-chancellor-at-the-autumn-statement/

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