Non-partisan international economists modelling the effect on GDP per capita growth of policy & fiscal proposals. Sign up for updates: eepurl.com/iZKfhA
Our verdict on the Budget is out! While overall tax revenue may increase by a little over £35 billion in a year, this will be more than offset by the requirement to borrow in excess of £50 billion a year by 2030/31 as a result of the 3.4% hit to growth. In other words, the Chancellor has created a new fiscal black hole. 👇
growth-commission.com/2024/1…
Chancellor @RachelReevesMP can't say she wasn't warned. We calculated before her first Budget that abolition of non-dom status would reduce GDP by 0.5% and lead to a loss of revenue for the Exchequer of at least £5 billion and urged her not to do it...
The group will use new economic modelling to better project the effects of certain policies 5, 10 and 20 years down the line.
Their paper pointed out that growth is key to solving the current cost of living crisis.
express.co.uk/news/politics/…
In damning the @OBR_UK for refusing to 'score' the supply-side effects of his welfare reform proposals, @Keir_Starmer perfectly demonstrates why we at the Growth Commission shun the unreliable static analysis favoured by Whitehall in favour of dynamic economic modelling.
‘Averaging 3% growth over 20 years would mean £15,000 more per person and additional tax revenues of £670bn.’
The Growth Commission argues that consistent growth levels of 3% are achievable and would significantly improve individual wealth.
#TheGrowthCommission#GrowthCrisis
❗️We have calculated that new Carbon Taxes (CBAM) would cost the average household £2400 during its implementation period. bit.ly/43uajSh@ShankerASingham told the @Telegraph :
"We are concerned this will pile on costs to the UK consumer, on top of historically high energy costs, giving the ordinary person less spending power and disposable income, which in turn, will disincentivise consumers and further sedate and stagnate our economy"
🚨 NEW: The Growth Budget shows another way of looking at the economy which will lead to growth.
Years of stagnation is not yet inevitable.
📰To know more read the write up on @Bloombergnews.bloombergtax.com/daily-…
NEW: Based on the Chancellor's hinted measures, we estimate the UK is still set for economic stagnation.
❓But could the Autumn Statement still create further growth? Tomorrow we'll analyse what the full measures mean for the UK economy.
Understand what to expect ahead of tomorrow with our Co-Chair @DMcWilliams_UK ⬇️
🚨We will be running the numbers using our Growth Model on today's Autumn Statement measures to get their impact on growth for the short and long-term.
📉Stay tuned to our feed to get our latest analysis.
Don't be fooled by the headline increase in GDP of 0.1% in today's figures. Below is the @ONS graph that tells the real story: the increasing population means household income is falling as measured by GDP per capita, which is the measure by which the Government asked us to judge them in December 👇
"Growth in GDP has not been explained well to the public. Many think a measure of total output amounts to little more than economic jargon. If, over 25 years, we dial up the growth rate from 1.5% to 2.5%, we all will be £12,000 a year richer at the end."
thetimes.co.uk/article/its-t…
Here are some of the suggestions we have calculated will grow our economy by 23.4 % GDP per capita by 2044.⬇️
🧮Our budgets add up incremental GDP per capita changes in tax rates and regulatory reform to move the UK into a high growth country.
🚨Lack of Corporate Tax cuts is missed opportunity for growth.
A Corporation Tax cut to 19% as calculated in the Growth Budget (3.2% by 2044) would double the growth effect of the Autumn Statement's Full Expensing measures.
The Government's Full Expensing leads to some growth of 1.6% in 20 years if made permanent, but no growth within the next three years and only 0.3 in five years.
‘The first two decades of the 21st Century have seen slower growth than the final three decades of the 20th Century.’
The Growth Commission aims to change the economic conversation, investigating the causes of this sluggish economic growth.
#TheGrowthCommission#GrowthCrisis
NEW FROM US TODAY: Politicians blaming Brexit for the UK’s economic woes need to ‘take a look in the mirror,’ says Growth Commission Chairman @ShankerASingham 👇
growth-commission.com/2025/1…
NEW FROM US TODAY: We have calculated that the Government’s Employment Rights Bill could hit growth to the tune of over £1,000 per person. Details here 👇
growth-commission.com/2025/1…
New analysis by @SkyNews suggests abolition of non-dom status could have morphed into “an act of self-harm”. Before last year’s Budget we calculated the move would reduce GDP by 0.5% and lose the Exchequer at least £5 billion. The Government can’t say they weren’t warned.
📈In our Growth Budget we propose that the Corporate Tax hike from 19 to 25% should be reversed and eventually reduced to 15%.
🗓️On Tuesday 14th November we'll be publishing our full Growth Budget 2023 with a range of policy proposals geared towards economic growth.
Our Chairman @ShankerASingham reacts to @RachelReevesMP: “The rhetoric is excellent, but words are not enough. Robust action is required. I suspect she is about to find out that wealth is incredibly hard to create but very easy to destroy.”
Read his response in full at growth-commission.com/2025/0…
‘Post-Covid, the UK is one of the few economies where GDP per capita is falling.’
Our Commission aims to analyse how policy decisions are affecting GDP per capita. We will then investigate what GDP per capita gains are actually possible.
#TheGrowthCommission#GrowthCrisis
NEW: We are publishing our Spring Growth Budget on Tuesday 27th February, 11am.
🗓️To attend our Spring Growth Budget event in Westminster please register your interest by emailing: operations@growth-commission.com
Our Chairman @ShankerASingham puts the government’s ‘EU reset’ in a global context for @ukandeu, arguing that a trade deal with the U.S. is possible, provided the UK maintains an independent trade policy and regulatory autonomy. 👇
ukandeu.ac.uk/what-should-th…
Amidst Rachel Reeves’ blaming the UK’s economic woes on Brexit, our Chairman @ShankerASingham tells the @Daily_Express that the UK “should have been using its freedom to improve its regulatory environment, where the biggest gains actually lie.” 👇
express.co.uk/news/politics/…
The Growth Commission will begin by using its newly developed ‘Growth Commission Model’. We’ll be releasing reports and covering fiscal events like the Autumn Statement.
#TheGrowthCommission#GrowthCrisis
Sign up for updates: growth-commission.com
"The commission wants to develop an economic model showing how far tax and regulatory policies relating to energy, land, transport and housing have stunted growth. It also wants to examine whether a bigger state has contributed to the stagnation in GDP."
ft.com/content/723d8dbd-f06a…
GDP grew 0.1% in Quarter 3 (July to Sept) 2025.
Services (+0.2%) and construction (+0.1%) grew while the production sector fell (-0.5%).
Read the article ➡️ ons.gov.uk/economy/grossdome…
ALT GDP growth in the UK. July to September 2025.
GDP up 0.1%
Services up 0.2%
Production down 0.5%
Construction up 0.1%
If @RachelReevesMP wants inspiration for how to deliver economic growth, our Autumn 2024 Growth Budget remains online and freely available to be plundered for ideas of pro-growth policies to pursue 👇
growth-commission.com/2024/1…
.@DMcWilliams_UK 🗣️"One of the things that makes the economy so sclerotic is the lack of competition in so many sectors..
If the UK is to return to rates of economic growth comparable with the past, better regulation needs to become a major policy theme"
thetimes.co.uk/article/red-t…
The @MailOnline carries a sneak preview of our forthcoming Growth Budget (out on Tuesday), noting how the Government risks creating a humongous black hole if it pursues ill-advised anti-growth policies 👇 thisismoney.co.uk/money/mark…
OUT TODAY: Our Autumn 2024 Growth Budget setting out how Rachel Reeves could boost economic growth in her Budget next week – and the measures she should avoid.
Read the full report 👇
growth-commission.com/wp-con…
Growth Commissioner @DMcWilliams_UK with his fellow authors @matthew_elliott Michael Hintze and @realartlaffer at tonight’s launch in London of their book Prosperity Through Growth.
Our Commissioner and trade expert @christinemcdan on the EU Carbon Tax which we calculate would increase household bills by £2400 at least over the course of its implementation:
🎥WATCH: Our Paris event where Ewen Stewart launches his paper setting out:
📉The scale of economic decline facing Europe
🌍Which nations are bucking the trend and why
📈How to make Europe grow again
- with a reply by Christian Saint-Étienne 👇
piped.video/watch?v=4bwDDBNO…
Public sector net borrowing excluding public sector banks was £18.0 billion in August 2025.
This was £3.5 billion more than in August 2024 and the highest August borrowing for five years.
Read more ➡ ons.gov.uk/economy/governmen…
ALT Bar chart showing borrowing this month was the highest in any August for five years, during the coronavirus (COVID-19) pandemic period.
Our call for the Employment Rights Bill to be scrapped is written up in @TheSun this morning where @ryansabey quotes our Chairman @ShankerASingham's view that the legislation would "pile additional burdens and costs onto already hard-pressed businesses" 👇
thesun.co.uk/news/34026517/r…
"The future of combatting climate change lies in technological progress and economic growth."
Commissioner Tyler Cowen highlights the Growth Commission is looking beyond just economic growth, to the global impacts that can be achieved.
#TheGrowthCommission#GrowthCrisis
Another day and another downgraded growth forecast for the UK, this time from the CBI. Whether it be increasing taxes, saddling employers with additional regulation or Net Zero policies hiking energy costs, we warned the Government there would be a detrimental impact on growth.
OUT TODAY!
Our new paper by Ewen Stewart sets out:
📉The scale of economic decline facing Europe
🌍Which nations are bucking the trend and why
📈How to make Europe grow again
Read it for yourself 👇
growth-commission.com/2025/0…
Ahead of the Budget last autumn, we warned the Government not to raise employers’ National Insurance as it would damage the economy and hit living standards. But they went ahead and did it - and regrettably it seems that our fears are now being realised.
Ouch - provisional HMRC PAYE data suggest that payroll employment fell by 109,000 in May 🙄
This is what happens when an incoming government makes it much more expensive to employ people...
#economics101
Without the productivity gains that drive growth, it will be impossible to deliver a sustained increase in living standards.
Without the extra tax revenues that growth brings, it will be impossible to meet the increasing demands for better public services express.co.uk/comment/expres…
Yet another body downgrades its UK growth forecast. All the more reason for the Government to revisit the proposals The Growth Commission presented to the Chancellor at the time of her Spring Statement, charting a pathway out of economic stagnation 👇
growth-commission.com/2025/0…
The 2008 Climate Change Act has helped burden the UK with the most expensive energy in the world. It’s high time for a rethink of our entire approach to how we tackle climate change - @ShankerASingham in today’s @Telegraph 👇
telegraph.co.uk/news/2025/03…
Planning and Housing reform could make up to 6.4% GDP Growth or £3,091 GDP per capita by 2044 according to our Growth Budget.
Find out other ways to get the UK economy growing again by reading our Growth Budget ➡️growth-commission.com/post/g…
Our Co-chair @ShankerASingham explains the knock on effects of of bad regulation to the UK's core arterial sectors which are "The lifeblood of our economy" - resulting in expensive energy, lack of infrastructure and slow growth.⬇️📺
YOU ARE INVITED TO…
📈 Our Pre-Budget Briefing with Growth Commissioners @DMcWilliams_UK & Ewen Stewart
🗓️Thursday 20th November
🕙Refreshments at 9.30am for a 10am start
📌Central Westminster venue
📧RSVP required (as per details on flyer)
It’s quite an achievement. The Indians have made significant concessions to the UK and some difficult issues that have been with us for decades have been resolved - our Chairman @ShankerASingham's initial take on the UK-India trade deal on @GBNEWS 👇
piped.video/watch?v=DRsWEMn5…
National insurance cut will reduce taxes by £10bn and increase growth by 0.6% over 20 years.
However
The raise in Income Tax thresholds has increased tax by £30bn and we estimate this will reduce growth by 1.3% in 20 years.
Congratulations to Growth Commissioner Ewen Stewart on his appointment from September as Director of the Institute of International Monetary Research at the University of Buckingham @iimr_buckingham. We look forward to his continued contribution to our work from his new berth.
This is the damning verdict from the @ONS this morning: living standards in the UK are falling, as measured by the all-important metric of GDP per capita.
All the more reason for the Government to use the Christmas break to revisit our work on how to grow the economy 👇
growth-commission.com/2024/1…
The @ONS describe the economy in two words: "broadly flat" - and that's before taking into account the increasing population, which means overall living standards are likely continuing to fall. All the more reason for the Government urgently to revisit our proposals for growth published in November 👇
growth-commission.com/2024/1…
Commenting on today’s GDP figures ONS Director of Economic Statistics Liz McKeown said: (Quote 1 of 3)
ALT “The economy continues to be broadly flat, having grown slightly in November following two small falls in the previous months.”
Liz McKeown
Director of Economic Statistics, ONS
‘The Chancellor's low-growth Budget will end in tears’ - our former Co-Chairman @DMcWilliams_UK gives his verdict on Rachel Reeves’ announcements yesterday for @CapX 👇 capx.co/the-chancellors-low-…
🎥WATCH: Growth Commissioner Ewen Stewart sits down for an extended interview with @PeterMcCormack on @mccormack_show in which they discuss the state of the UK economy and the remedies needed to get Britain growing again 👇
piped.video/watch?v=ojRj94hR…
BIG NEWS: We are today announcing the membership of our new International Advisory Board. First up is Tony Abbott, the former Prime Minister of Australia @HonTonyAbbott
We can't get economic growth overnight.
A long term commitment to a long term plan for growth is the only way to move the UK away from #recession.
The Growth Commission has outlined and will continue to suggest long-term policies, tax rates + regulatory reforms to get the UK growing again.
Want to know more? Come to our Growth Spring Budget Event on 27th February. Email operations@growth-commission.com.
"Wealth is very hard to create and very easy to destroy. If you make the wrong policy choices, destruction can be rapid."
Commissioner Shanker Singham warns about dire consequences of policy errors on economies and on individual wealth.
#TheGrowthCommission#GrowthCrisis
This morning’s growth figures make for depressing reading for British families and businesses.
It’s why the government should urgently revisit our proposals from October signposting how to grow the economy 👇
growth-commission.com/2024/1…
GDP fell 0.1% in October 2024. Services showed no growth, while Production (-0.6%) and construction (-0.4%) both fell.
Read the full release ➡️ ons.gov.uk/economy/grossdome…
Thank you to all our of attendees who joined us today at official launch of The Growth Commission!
Let's change the economic conversation.
#TheGrowthCommission#GrowthCrisis