UK

Bank Chief Economist: Manager or Thought Leader?

The Bank of England is searching for a new Chief Economist, and the formal deadline for applications was Wednesday 2 June. But what is the Bank’s Chief Economist expected to do? And what skills and qualifications does he or she need? After all, the Bank has lots of economists. What special responsibilities does our central bank need a Chief Economist to carry out?

The Lockdown Weighted inflation CPILW for April 2021

CPILW rose significantly to 1.5% in April from 0.8% in March. The official CPIH measure of inflation also rose significantly to 1.6%  from 1.0% the previous month.  The gap between the official measure and the measure using lockdown weights has remained small but positive.  This contrasts with the months prior to December 2020, when CPIH was less than CPILW, indicating that the official measure tended to understate inflation in that period.

Productivity and a New Fiscal Framework for the UK

The launch of a series of insight pieces by the National Institute of Economic and Social Research (NIESR) on the contours of a new fiscal framework for the United Kingdom has important implications for investment, productivity and sustained growth – not only for the UK but also for other countries. The economic recovery from the pandemic and the transition to a net-zero economy places a gigantic demand on sound fiscal policies around the world.

Covid recovery in the education sector – let’s not forget the teachers

The impact of Covid-19 on the education sector is well documented.  Schools experienced partial closures due to national lockdown for the first time in March 2020, with a second round of partial closures from January to March 2021.  With schools now open to all pupils, the focus is on how to recover from this disruption.  Unsurprisingly, the bulk of the narrative in the media and policy recommendations focuses on the impact of school closures on children, with talk of learning loss, and “catch-up” plans.  Disappointingly, the impact on teachers and ways to support them moving forward has be

Investing in establishing evidence is investing in achieving the best outcomes for our children

The importance of evidence when making decisions about the implementation of services is now well understood.  What Works organisations such as the Education Endowment Foundation and the Early Intervention Foundation place evidence at the heart of their work as a means of distinguishing between programmes that work and those that do not.

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