How can government improve the UK's fiscal sustainability and resilience?
The Institute for Government was delighted to host an event with the Office for Budget Responsibility to discuss their new Fiscal Risks and Sustainability Report.\n\nWhile the economic shocks of the Covid pandemic and Russia\u2019s invasion of Ukraine have been huge, there are many other factors likely to change the shape of the UK state and the demands placed on it in future. Some \u2013 such as the ageing of the population and the shift towards net zero carbon emissions \u2013 can be anticipated; others \u2013 such as the impacts of unabated climate change and possible future geopolitical instability \u2013 are harder to predict with certainty.\n\nThis event opened with a short presentation by Richard Hughes, Chair of the OBR, on the main findings in the report followed by a panel discussion on the major challenges facing the UK and how the government can best prepare for these.\n\nOur panel included:\n\nProfessor Malcolm Chalmers, Deputy Director-General of RUSI\nRosa Hodgkin, Researcher at the Institute for Government\nRichard Hughes, Chair of the Office for Budget Responsibility\nProfessor Andrew Scott, Professor of Economics, London Business School.\nThe event was chaired by Dr Gemma Tetlow, Chief Economist at the Institute for Government.\n\n#IfGeconomy