The Committee will examine how the Government can reduce and mitigate economic scarring and job losses after the pandemic, how much difference the Government can make to economic growth, and what has caused the UK’s productivity growth to be persistently weak.
It will also examine macroeconomic policy, looking at whether the Bank of England’s inflation target is fit for purpose, if the Monetary Policy Committee has effective tools to stimulate the economy when interest rates are low, and whether a return of inflation is a risk to the economic recovery.
Consultation details:
ACS' submission:
