This study investigates the impact of discretionary tax cuts on income and consumption inequality in the United Kingdom. Using granular survey data from approximately 340,000 households, we construct quarterly inequality measures spanning 1970 to 2020 to assess the heterogeneous effects of...

The role of economic uncertainty on macroeconomic fluctuations has been studied extensively in the literature. In the aftermath of the financial crisis and in the process of its exit from the EU, the UK is facing high levels of uncertainty on future economic growth, investment, financial markets...