Finance


Another small step out of austerity – before a giant leap into the unknown

Posted on 15 March 2019 by Cian Sion

Amidst the political drama of crucial Brexit votes this week, the Chancellor of the Exchequer delivered his Spring Statement on the UK’s economy and public finances. This blog post looks at what the Spring Statement and forecasts from the Office for Budget Responsibility (OBR) can tell us about future Welsh budgets and Welsh public services.
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araf slow road sign

Not so fast – for Welsh local authorities, austerity won’t be “coming to an end” any time soon

Posted on 18 February 2019 by Cian Sion

At last year’s Autumn Budget, the UK Chancellor, Philip Hammond, asserted with confidence that “austerity is finally coming to an end”. His claim is unlikely to resonate within the halls of local government in Wales. Despite nearly a decade of sustained budget cuts, the outlook for local government finance suggests that tough choices and trade-offs are here to stay.
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Taxes in the draft Welsh Budget – Wales’ first ‘rabbit-out-of-hat’ moment?

Posted on 9 October 2017 by Guto Ifan

George Osborne’s Chancellorship was famously littered with headline-grabbing tax reforms, tax-hikes and give-aways. In style and politics, the ex-Chancellor may have very little in common with the Welsh Government’s Cabinet Secretary for Finance and Local Government, Mark Drakeford, but he would have been proud of one particular announcement in the latter’s budget speech last week.
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Dude, where’s my consequentials?

Posted on 27 June 2017 by Guto Ifan

This article was written by Guto Ifan. Guto joined the Wales Governance Centre at Cardiff University as a research assistant on the Government Expenditure and Revenue Wales (GERW) project, analysing public finances in Wales. The 6-page-long list of financial concessions gained by the DUP has dominated the reaction to their deal with the Conservatives. For
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Income inequality and the 1% in Wales – an analysis of taxpayer data

Posted on 31 March 2017 by Guto Ifan

This article was written by Guto Ifan. Guto joined the Wales Governance Centre at Cardiff University as a research assistant on the Government Expenditure and Revenue Wales (GERW) project, analysing public finances in Wales. Given the shattering, generation-shaping magnitude of the great recession, it’s not surprising that interest (and anger) about inequality has returned with
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What does the Autumn Statement mean for the Welsh Government budget? – Guto Ifan

Posted on 24 November 2016 by Guto Ifan

This article was written by Guto Ifan. Guto joined the Wales Governance Centre at Cardiff University as a research assistant on the Government Expenditure and Revenue Wales (GERW) project, estimating and analysing Wales’€™ fiscal position. The Autumn Statement will have left many onlookers in Wales feeling slightly underwhelmed. A year ago, the then-Chancellor George Osborne
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