The IFS Green Budget suggests that, even relative to major planned cuts, Whitehall departments will underspend by more than £3 billion this year.
The result of the underspend is that the Government will borrow slightly less in 2011-12 (£2.9 billion) than the latest official forecast. IFS is also more optimistic about future [...]
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Posted on June 21st, 2011
This Commentary analyses recent trends in household spending, with a focus on domestic fuel and water, and examines the impact of changes in the price of these goods on household inflation, particularly for those on low incomes and those for whom state benefits make up the largest component of their income (‘benefit-dependent’ households).
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Posted on September 1st, 2010
The June 2010 Emergency Budget set out a number of tax and benefit changes that will be introduced by 2014-15. For the first time, the Budget documentation contained distributional analysis of the changes by household income, which showed that the measures to be introduced between June 2010 and April 2012 were progressive relative [...]
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Posted on May 20th, 2010
This presentation focuses on how big the hole in the public finances is and what filling it might mean for spending on public services. It was delivered at the IFS and Institute for Government post-election briefing on Monday 17th May 2010.
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Posted on April 22nd, 2010
This election briefing note examines the evolution of the tax burden over the last 60 years. Section 2 begins by giving an overview of revenues over time. It compares the change in the tax burden since 1997 with historical changes and analyses how it reflects changes in the relative growth rates of revenue [...]
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