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Introduction To The Special Issue On ‘Fiscal Frameworks And Public Investment’

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  • Millard, Stephen

Abstract

Public investment in the United Kingdom has been persistently low compared to both its post-war levels and other OECD countries, and this shortfall has been widely seen as one of the causes of weak UK productivity growth since the global financial crisis. Although the Labour government elected in 2024 prioritised growth via higher public and private investment, its self-imposed fiscal rules have limited public investment, sparking debate and research on the UK fiscal framework. This Special Issue brings together recent research examining fiscal frameworks and includes contributions from academic and policy-oriented researchers and leading experts on this issue.

Suggested Citation

  • Millard, Stephen, 2025. "Introduction To The Special Issue On ‘Fiscal Frameworks And Public Investment’," National Institute Economic Review, National Institute of Economic and Social Research, vol. 272, pages -1, May.
  • Handle: RePEc:cup:nierev:v:272:y:2025:i::p:_1
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