Carl Emmerson

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Last quote by Carl Emmerson

The forecast health of the public finances was downgraded by £15 billion ($20.25 billion) per year – or almost £300 million per week – as a direct result of the Brexit vote. We are likely to make a net fiscal loss from it. Those are the numbers and forecasts which the government has adopted.feedback
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Sep 19 2017 Brexit
Carl Emmerson has been quoted 25 times in 9 different articles. On this page, you will find all of Carl Emmerson’s quotes organized by date and topic. Alongside each quote is a link back to the article where the quote was reported, so you can go back to the source for more context if you need it. Topics that Carl Emmerson speaks about are EU and budget, for example. Most recently, Carl Emmerson was quoted in the article Brexit will lead to net loss for public finances, warns UK think tank saying, “(This is) funding that could in principle go to the National Health Service rather than the EU. But this would involve no state support for any other activities, such as subsidies for agriculture that are at present funded in the U.K. by the EU. It is perhaps surprising that members of the government are suggesting rather different figures.”.
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Carl Emmerson quotes

May 02 2017

The deficit is now roughly back to the level it was prior to the financial crisis, although is still above its long-run average. On the tax side, the impact on the public finances of substantial tax cuts has been more than outweighed by tax raising measures. On the spending side, seven years of austerity has seen significant cuts to areas such as working-age benefits and public order and safety. But despite this, overall public spending remains slightly above its pre-crisis share of the economy.feedback

May 02 2017 - British elections 2017

Eliminating the deficit before a May 2022 general election would be even harder: a combination of tax rises and spending cuts worth £15bn on top of current plans.feedback

May 02 2017

This is due to persistently poor economic growth and an increase in the share of national income devoted to health, pensioner benefits and overseas aid. Even more striking is the weakness of the subsequent recovery. This downgrade in expected income has adversely affected the finances of households and of the government. The latest forecasts suggest the deficit will fall over the next five years. But even had the next parliament run from May 2020 to May 2025 eliminating the deficit would have been far from straightforward.feedback

Apr 29 2017

They are nearly two thirds of government revenue. There are pros and cons of each of them. So someone living in a £2m property would pay four times as much as someone in a £500,000 one.feedback

May 24 2016

The overwhelming weight of analysis suggests that the economy would shrink by more than enough to offset the positive effect on the public finances of the reduced financial contribution to the EU budget.feedback

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