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...

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

Here's what our Campaign Director, @louiswillis.bsky.social, had to say about today's Comprehensive Spending Review: 👇

🧵New polling from @investinbritain.bsky.social by @survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy. 1/8 thetimes.com/article/6448...

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".

Yesterday the Chancellor announced £8.4bn of cuts to welfare and departmental spending in order to meet her fiscal rules. This decision is based on forecasts which the OBR warn are highly uncertain. 1/4

Invest in Britain Director @louiswillis.bsky.social responds to the Chancellor's Spring Statement earlier today ⬇️

A group of the UK’s most distinguished economists have written to the Chancellor, warning her that new cuts to spending or investment at the Spring Statement would be a “profound mistake”: www.ft.com/content/4b0d...

"Britain’s crumbling public services are bad for business, and spending more taxpayers’ money to fix them is a pro-growth policy, the pensions minister, @torstenbell.bsky.social, has argued." www.theguardian.com/business/202...

Significant intervention by former BoE chief economist & RSA boss Andy Haldane He warns if the OBR March forecasts lead to cuts to spending/investment “it would be deeply counterproductive to both growth & to the fiscal position” & cause “a doomed loop between debt and growth” t.co/ZMW5JyoNXa

Economist @elerianm.bsky.social warns that "fears of stagflation are growing" in the UK but "a wide range of measures... to address more comprehensively infrastructure, research and development, innovation, skill accumulation, and labor retraining – can make a difference.”

The ex-CEO of PIMCO, one of the world's largest investors in government bonds, says that rising borrowing costs are “an important moment for the government to redouble its efforts on structural reforms to address long-standing weaknesses in productivity, investment, and growth."

As @jdportes.bsky.social argues, the rise in gilt yields “is mostly driven by global developments, and especially those in the US... There is no need to panic: the government’s overall fiscal strategy is the right one. Spending cuts would be a mistake" www.theguardian.com/commentisfre...