Professor Jonathan Portes
Professor Jonathan Portes is a Senior Economics Advisor with Teneo. He is also Professor of Economics and Public Policy at King’s College London.
Jonathan started his career at HM Treasury in 1987 and spent most of his career as a civil servant, serving as Chief Economist at the Department for Work and Pensions from 2002 to 2008 and Chief Economist at the Cabinet Office from 2008 to 2011. He led the Cabinet Office’s economic analysis and economic policy work during the financial crisis and on the G20 London Summit in April 2009.
Jonathan’s current research concentrates on issues related to immigration and labor mobility and the economic implications of Brexit. Other research interests include labor markets, fiscal policy, social security and welfare and the use of evaluation and evidence in public policy. His most recent book is “What do we know about immigration?”
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UK Economic and Consumer Forecast: The Autumn Budget and its Long-term Impact on the UK Consumer and Economy
Section 01: Executive Summary This week, Chancellor Rachel Reeves delivered Labour’s first budget in 14 years, kickstarting the age of big spending by government. The Labour Government embarked on a bold new strategy in this week’s Budget. Against a backdrop of low growth and lower fiscal revenues, Chancellor Rachel Reeves…
H2 2024 UK Economic and Consumer Forecast
Section 1: Executive Summary UK economic growth, falling inflation and wage growth have resulted in the recovery of household finances above 2021 levels. However, structural services inflation and higher interest rates present risks to sustained further consumer spending growth. Section 2: The UK Economy Continues to Recover in…
2024 UK Economic and Consumer Forecast
Section 01: Executive summary Falling inflation and upward wage pressure are resulting in household relief after two years of real wage decline. However, continued pressure from mortgage rates and debt accumulation means we expect consumer spending to remain suppressed. 1: Slow growth and recessionary pressure are causing the UK labour…