The Pre-Budget Report made great play of long-term tax rises to fill the fiscal hole. But these combine to just £4bn of the £22bn needed. The real casualty is public spending, and there is no area safe, say Gemma Tetlow and Carl Emmerson.

Authors

Carl Emmerson
Carl Emmerson

Deputy Director

Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.

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Gemma Tetlow

Comment details

Publisher
IFS

Suggested citation

Emmerson, C and Tetlow, G. (2008). The big squeeze is coming [Comment] IFS. Available at: https://ifs.org.uk/articles/big-squeeze-coming (accessed: 4 July 2024).

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