Thomas Pope

Thomas Pope

@tompope.bsky.social

Chief Economist @instituteforgov.bsky.social

1.7K followers477 following159 posts

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A welcome move ahead of the next SR As Stuart says, now government needs to work out what it means by prevention

Stuart Hoddinott@stuarthoddinott.bsky.social

Healey announces a ringfence around preventative spending at the next spending review Really welcome and something we've been arguing for years Will be interesting to see how they can get it up and running in the next year – the govt hasn't even properly defined prevention yet

Now the public spending section... Warm words for his cabinet colleagues, but mainly thanking them for sticking within v tight limits. Higher inflation will make it even tighter. Big decisions punted to the SR next year

Now Healey announces the fiscal devolution roadmap, which we knew was coming. Could be a genuinely radical change in how mayors are funded and can operate

Founder's relief - lower capital gains if you sell a company you set up - sounds a lot like a repeat of entrepreneurs' relief (renamed Business Asset Disposal Relief) Little evidence that actually supports entrepreneurial activity, and plenty of non-entrepreneurs benefits

Thomas Pope reposted

Evidence that the Treasury had not done the hard yards to get better data to allow better targeting of energy support. Reverts to the Sunak council tax link for energy bill support -- reminder council tax valuations esp in London are VERY out of date

Extra energy support targeted at council tax bands A-D (i.e. based on what your house was worth in 1990) Disappointing that we're not in a better position to target support based on household income and energy usage

Growth upgraded (slightly) this year, but down a lot next year (from 1.6% to 1%) But some higher growth in 2029 and 2030. Is that just a bounceback from a cyclical downturn or a higher productivity assumption?

First big decision - allowing headroom to fall to absorb a deteriorating forecast. This is why having a fiscal buffer is a good idea, as Healey says But it's risky to allow it to fall now, as it makes it more likely he'll be forced to act if the forecast gets worse next year

Healey promises the budget will deliver 3 things: 1. 'Breathing space' on cost of living 2. Unleashing growth 3. Tackling the big challenges (inc on energy, public services and housing) Let's see if it delivers

John Healey will shortly start delivering his first budget. Read below for the @instituteforgovernment.org.uk 's preview

Institute for Government@instituteforgovernment.org.uk

John Healey's first budget as chancellor will be the biggest indication yet of the priorities of Andy Burnham's government. Follow our Budget 2026 page for our analysis of the chancellor's announcements and what they mean for the economy and government www.instituteforgovernment.org.uk/budget-2026

My latest below previews the fiscal devo roadmap. This could be a radical change in how mayors operate, and will tell us a lot about the government's broader approach to devolution My blog lays out what the roadmap should do

Institute for Government@instituteforgovernment.org.uk

Tomorrow, alongside his budget, John Healey will unveil a new fiscal devolution roadmap. The roadmap will reveal how radical the Burnham government intends to be on devolution. Our chief economist @tompope.bsky.social sets out his key tests www.instituteforgovernment.org.uk/comment/fisc...

Thomas Pope reposted

Thomas Pope reposted

💯💯💯(you get the idea) this makes so much sense from @timharford.ft.com - though I fear I can confidently predict that the Chancellor will do none of this (one example.. we don't levy VAT on children's shoes or clothes -- at least right-sized ones -- how about just making that a cash benefit)?

Thomas Pope reposted

Party conference season saw all political parties duck the big questions about the economy. @tompope.bsky.social reviews the tax and spend promises made at the conferences – and is left underwhelmed by a failure to confront the UK’s fiscal reality www.instituteforgovernment.org.uk/comment/no-p...

instituteforgovernment.org.ukNo political party is acknowledging the UK’s fiscal reality | Institute for GovernmentParty conference season saw all political parties duck the big questions about the economy.

Thomas Pope reposted

NEW: Plans to reduce EHCPs look optimistic and Burnham's public service reforms still need a plan for schools In our first IfG Performance Tracker chapter, funded by @nuffieldfoundation.org, we look at how the government is performing on its schools agenda [1/9]

instituteforgovernment.org.ukPerformance Tracker 2026: Schools | Institute for GovernmentThe government must better measure success across its school priorities and set out a clear long-term vision for the structure of the school system.

Thomas Pope reposted

My latest for @instituteforgovernment.org.uk applauds Andy Burnham for tackling the absurdity of the triple lock. He will need to show more of the same boldness at the budget and beyond to properly fund his social care reform and other priorities www.instituteforgovernment.org.uk/comment/burn...

instituteforgovernment.org.ukBurnham should follow triple lock reforms with more boldness on other fiscal problems | Institute for GovernmentThe PM is right to reform the pensions triple lock.

Thomas Pope reposted

The Treasury underestimated the impact of the triple lock was that they did not anticipate the seesaw between inflation and earnings. That is what has led to the big rise in spending and the pension growing well ahead of earnings. There are proposals around to ensure it grows with earnings.

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Ultimately I agree with where the committee has landed in its recommendations: now is not the time to radically change the remit of the OBR. It has simply become the latest bogeyman to take the blame for the UK's difficult fiscal position and government's difficulties in dealing with it

As we've recommended, the government should take the steps necessary to reduce focus on fiscal rule specifics by setting out clearer objectives, explaining how rules flow from those, + retaining enough headroom so small OBR judgments aren't decisive www.instituteforgovernment.org.uk/publication/...

instituteforgovernment.org.ukStrengthening the UK’s fiscal framework | Institute for GovernmentThe UK’s fiscal framework, including a flawed set of rules, incentivises bad policy decisions shaped by short-termism and fictional spending plans.

The report gives a good summary of the conflicting views on the OBR: it holds an influential position, its judgments are sometimes seen to be dictating policy, but its judgments only carry weight because of the fiscal rules and broader fiscal choices government has made

Thomas Pope reposted

NEW IfG report out today on how government should approach reforming health and disability benefits The big takeaway: the system needs to better match people’s needs to the right support - through assessment reform, political leadership and more... www.instituteforgovernment.org.uk/publication/...

instituteforgovernment.org.ukDesigning better incapacity benefits | Institute for GovernmentPersonalising benefits and support is key to helping disabled people into work.

My latest for @instituteforgovernment.org.uk is a reflection on what No.10 North and devo might mean for policy eco-systems outside London (and specifically in Manchester). Reflections based on my 4 years living in Manchester working for a think tank instituteforgov.substack.com/p/on-no10-no...

instituteforgov.substack.comOn No.10 North and the Manchester policy ecosystemTom Pope, the IfG’s Manchester correspondent, is optimistic about the future of UK politics’ self-styled second city

Thomas Pope reposted

Thomas Pope reposted

If the PM and chancellor are (finally) alive to the challenges facing them, then they must deliver a budget that meets them head on. This means presenting a coherent strategy for fiscal policy for the rest of this parliament and beyond www.instituteforgovernment.org.uk/comment/burn...

instituteforgovernment.org.ukBurnham and Healey must avoid the budget mistakes of Starmer and Reeves | Institute for GovernmentThe chancellor should take difficult decisions at the budget rather than ducking tough choices.

Thomas Pope reposted

Thomas Pope reposted

It's not too late to sign up for this event tomorrow lunch. In person in Manchester if you're there (or online). How Burnham can make his devolution agenda succeed? With @drhannahwhite.bsky.social @lukeraikes.bsky.social @jenwilliamsft.bsky.social

Institute for Government@instituteforgovernment.org.uk

EVENT | Andy Burnham, Manchester and No.10 North: How can the PM make his devolution agenda succeed? 📅 Tuesday 8 Sept, 12:30 Join @tompope.bsky.social @lukeraikes.bsky.social @jenwilliamsft.bsky.social @drhannahwhite.bsky.social in Manchester www.instituteforgovernment.org.uk/event/andy-b...

Thomas Pope reposted

Healey and Haigh have asked ministers how they will use procurement as a "strategic lever to deliver innovation and growth in every postcode" (as per @lucyfisher.ft.com). New comment from me on some of the answers departments should give www.instituteforgovernment.org.uk/comment/andy...

instituteforgovernment.org.ukFive ways departments can help deliver Andy Burnham’s procurement agenda | Institute for GovernmentThe government has asked departments to show how they can support its new procurement reforms.