The chancellor has managed - only just - to keep within his fiscal rules. But his Pre-Budget Report lays the ground for spending cuts that will leave little funding for services other than the government's priorities.
Authors

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

European Commission (formerly IFS staff)
Comment details
- DOI
- 10.1920/co.ifs.2024.1035
- Publisher
- IFS
Suggested citation
Emmerson, C and Frayne, C. (2005). Cutting it fine, analysis shows [Comment] IFS. Available at: https://ifs.org.uk/articles/cutting-it-fine-analysis-shows (accessed: 23 June 2025).
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